@Daniel Bateman And the Saudi employee you hire, is simply an expense. He/She never shows up, does not work, and only creates more financial burden on the company's expense.
1. far too many - we can take it off lines - the whole idea is that general questions are answered for the benefit of the audience 2. he completely sidesteps the question about costs 3. Tax's, plus their costs, plus running costs means there's no point in doing business in Saudi at the moment..
*Lets say I am an American Citizen who wants to open a company in Saudi, and under that company, I buy a hotel as my business with 100% ownership. Is that possible?*
No need any broker, just go to ministry of investment website or called MISA. Call them they speaks very good English or email them and they will answer any of your question.
Do u have branch in Damam ??
I have a business yet but I want to do business in Saudi Arabia! What can be done? I am from USA
Through SAGIA licences business has to pay 20% tax And other govt fees. Then has to follow Saudization matrix too... ?
@Daniel Bateman
And the Saudi employee you hire, is simply an expense. He/She never shows up, does not work, and only creates more financial burden on the company's expense.
@@khaleefax9553 it really depends how you manage that employee.
1. far too many - we can take it off lines - the whole idea is that general questions are answered for the benefit of the audience
2. he completely sidesteps the question about costs
3. Tax's, plus their costs, plus running costs means there's no point in doing business in Saudi at the moment..
*Lets say I am an American Citizen who wants to open a company in Saudi, and under that company, I buy a hotel as my business with 100% ownership. Is that possible?*
Yes, its possible
@@asimrana5998
How?
From what I heard, you must have an Saudi citizen partner to open the small business.
They change the law now. Now foreigners can own the 100% business in KSA.
@@asimrana5998
Do you know any brokers or agents who provide a list of businesses and properties for sale in Saudi?
No need any broker, just go to ministry of investment website or called MISA. Call them they speaks very good English or email them and they will answer any of your question.
Better to improve voice quality
This is not as easy as it looks, the capital for the company should be 30 million SR before starting the process.
No locally you can do it with very small amount of money like maximum 60k SAR
@@rebornizayoi96 How much in pound 60k SAR to start small business in Saudis e.g small corner shop selling household goods like 99p shop ?
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I bet they delete my comment :)