Equal Status for Foreign Investors Saudi Arabia’s Ministry of Human Resources and Social Development has announced an update to the Nitaqat Saudization program. Foreign investors owning private businesses will now be treated as Saudi nationals in workforce calculations, aiming to foster a more inclusive business environment. Expanded Inclusivity Key Groups: Children of Saudi women with
Saudi Arabia is on the brink of an exciting transformation, warmly inviting businesses to explore the vast opportunities within its expanding economy. The KSA’s strategic position in the global market, coupled with its Vision 2030 initiative aimed at diversifying its oil-dependent economy, presents unique opportunities for businesses looking to incorporate in the region. Understanding the
On January 27, 2024, France introduced a major new immigration law that’s already in effect. This law marks a significant shift in how France manages immigration, focusing on integrating foreign nationals and addressing irregular migration with practical measures. What’s New in the Law? Here’s a concise overview of the major changes introduced: Opportunities for Healthcare
We understand the complexities of establishing a Regional Headquarters (RHQ) in Saudi Arabia. At Northman & Sterling, we will guide you through each step of the process, ensuring a smooth and successful RHQ set up. Here’s how we navigate your RHQ establishment in KSA: 1. Eligibility & Pre-Qualification: Assessing Your Company’s Fit: We will analyze
Expanding your business globally can be a rewarding endeavor, but it often comes with a complex web of legal and operational challenges. One of the fundamental steps in global expansion is establishing a legal entity in your target country. This is where business setup services step in, providing invaluable support and guidance to ensure your
In February, Saudi Arabia’s non-oil economy recorded its highest business confidence level in eight years as output growth strengthened. The Riyad Bank Purchasing Managers’ Index showed that the country’s largest economy saw a rise in business inflows, which boosted the non-oil sector, leading to a significant increase in total new orders. The PMI reading of
The Riyadh Metro, the largest public transport network project in the world, will soon be opened to the public, according to the German News Agency (DPA). The announcement was made by Fahd Al-Rasheed, the CEO of the Royal Commission for Riyadh City, who stated that the King Abdulaziz Public Transport Project will open its first
Saudi Arabia is quickly becoming a go-to destination for skilled professionals and talented individuals from around the region. This shift can be attributed to a number of factors, including the country’s commitment to diversifying its economy, increasing investments in education and training, and a growing number of job opportunities in exciting fields like technology and
Cheap Labor: The cost of living, zero income tax, benefits and legal wages in Saudi Arabia may not be an issue that can help to significantly boost profits. Also, outsourcing non-core tasks to Saudi Arabia is cheaper than hiring new employees. Talented and Skilled Workforce Outsourcing is often done by companies, who intend to take
Suppose you are one of those people who want to visit Saudi Arabia for business purposes. Then you require a Business visit visa to conduct business in the Kingdom. Often, people confuse a business visit visa with a work visa or commercial visit visa. A business visa is officially meant to represent another company outside
