Regional Headquarters in Saudi Arabia
Setup Regional Headquarters in Saudi Arabia
A Regional Headquarters (RHQ) functions similarly to a control center for your business in Saudi Arabia. It helps you manage your business’s operations across the Middle East and North Africa. It will be your main office that serves as the backbone for all your local offices. Multinational corporations looking to set up a headquarters are increasingly choosing Saudi Arabia, particularly in Riyadh.
Saudi Arabian General Investment Authority (SAGIA): now known as the Ministry of Investment of Saudi Arabia (MISA) is a government body that assists international businesses investing in Saudi Arabia. They assist you with everything you need to get started.
Important Things to Know About Setting Up an RHQ in Saudi Arabia
What you should know about the Regional Headquarters Program and its advantages is as follows:
The Regional Headquarters Program
The Saudi government is offering significant benefits to encourage international businesses to set up their RHQs in the Kingdom.
Tax Incentives
30-Year Tax Relief: There is a 30-year tax exemption for multinational corporations who set up their headquarters in Saudi Arabia. This includes no withholding tax on RHQ operations and zero percent corporate income tax.
Eligible Activities
Revenue from activities that increase your business's presence in the region is eligible for these tax benefits. They also include strategic supervision and assistance for related companies.
Saudization exemption
For 10 years, RHQs are not subject to the Saudization requirements. "Saudization", a program requires that businesses hire a specific percentage of Saudi citizens.
Visa and residency benefits
Unlimited Work Visas: RHQs are able to provide their staff members with an unlimited number of work visas. This makes relocating easier for the staff.
Premium Residency
The top three RHQ executives are eligible for free premium residency permits.
Government tenders:
Contracting Advantage: As of January 2024, only businesses with RHQ in Saudi Arabia are eligible to apply for government contracts and receive funding from the Public Investment Fund (PIF). This is a huge advantage for businesses like yours.
Operational support:
End-to-End Services: The Ministry of Investment of Saudi Arabia (MISA) provides full support through their RHQ Care team. They can help with paperwork, housing and other logistics.
Professional accreditation waivers:
Exemption from Local Accreditation: RHQ employees who possess valid professional certifications from their home countries are exempt from local accreditation.
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Required Documents
Setting up a Regional Headquarters (RHQ) in Saudi Arabia requires submitting certain documents. Here’s a checklist of what you’ll need:
- Commercial Registration
- International Presence Proof
- Financial Statements
- Business Plan
- Passport Copies
- Passport-Size Photos
- Other Supporting Documents
Let us guide you through the paperwork step-by-step
Schedule Free Consultation with our Business Advisor
Our team of seasoned business setup specialists is ready to support you every step of the way. Schedule your FREE consultation call today and get clear answers to your most important questions.
- Which business structure best aligns with your goals?
- Which Saudi jurisdiction is the best fit for your business type?
- How can your business take advantage of Saudi Arabia’s tax benefits?
- What are the essential steps to ensure a successful business formation?
Frequently asked questions (FAQs)
If your question is not addressed here, please feel free to reach out to us. We value your inquiry.
What are the primary benefits of setting a RHQ in Saudi Arabia?
Tax incentives, strategic location, access to a developing market, and government assistance.
How long does it take to establish a RHQ?
The timetable varies depending on your specific needs, however we strive hard to complete the procedure as quickly as possible.
What documentation do I need to provide?
During your initial appointment, we will present you with a complete list of the documents that are required. Don’t worry; we’ll walk you through the procedure.
How can SetupZ assist me with the RHQ set up?
We manage all the legal, logistical, and administrative tasks, ensuring that the process runs smoothly and without stress for you.
Does SetupZ exclusively provide RHQ setup services in Riyadh?
No, we offer RHQ setup services in all major cities across Saudi Arabia. We will assist you in determining the best location for your business.