Regional Headquarters
Saudi Arabia
The Kingdom of Saudi Arabia has launched an initiative to encourage multinational businesses to establish an official presence
in Saudi Arabia. The purpose is to support, manage and provide strategic direction to branches, subsidiaries
and affiliates operating in the region.
An Overview
How To Set Up Regional Headquarters In Saudi Arabia
From 1 January 2024, international businesses without regional headquarters in Saudi Arabia may not be able to contract with agencies or institutions, nor have access to funds owned by the Saudi government. Companies who wish to apply for a business license to conduct business in KSA can do so and will benefit from several exemptions and fee waivers.
Set up your Regional Head Quarters in Saudi Arabia and receive
– 10-year exemption from the “Saudization” regime
– Spousal work permits and the age of dependents extended to 25 years old
– Waiver of professional accreditation rules
– Visa limit exemption and issuance acceleration
– End-to-end services (business, personal, and concierge)
– King Abdullah Financial District special economic zone with additional incentives (estimated Q1 2022)
– Government tendering after 2024
What is the process:
To apply for an RHQ License, businesses must provide the following documents:
– Proof of legal presence in at least two different countries
– Annual audited financial statements for the last fiscal year preceding the application date
– The business development plan for the RHQ
Businesses must also be prepared to commit to their RHQ delivering all the mandatory licensing activities outlined in the terms of the RHQ Program, including Full business plan (including budget), Financial reporting and Strategic coordination.
Centuro Global has extensive corporate structuring experience to provide guidance and assistance to foreign companies who intend to establish their RHQ in the Kingdom of Saudi Arabia. Please contact us with any queries. We would be delighted to assist with the regulatory applications to obtain the RHQ License.
How we can help you
Setting up a new headquarters anywhere in the world can be a daunting task. In addition to ensuring that all the relevant paperwork is completed to comply with regional requirements, making sure you have all the people you need in the place they need to be is another major concern.
Whether you’re looking at a group move, in the need of a full HQ relocation or moving a few business-critical employees, we are here to support you. We can assist with the set-up of a brand-new office, provide assistance with a global recruitment drive (support with visas and immigration) and much more. We have extensive corporate structuring experience to provide guidance and assistance from the outset.
One-Stop Service Provider
Support In Setting Up Your RHQ In Saudi Arabia
Professional Services
We can provide a full suite of professional service advice including: Tax Support, HR & Employment Support, Manage Payroll, Commercial Law & Contracts
Global Mobility Services
We can support with: Relocating and Managing Assignees, International Business and Entity Setup, Financial Advice, and Support (including opening a Bank Account), Risk Management, Insurance
Relocation Services
We can assist in providing: Office Space, Immigration support, Employee Benefits & Insurance
At a Glance
Set Up Your RHQ In Saudi Arabia
Stage
Who is eligible
Any international business that wishes to have a presence in Saudi Arabia can apply for a license. We specialize in supporting companies to fast-track their applications and conduct business in the region without delay.
Stage
Basic Requirements
– You must have an established presence outside of Saudi Arabia already to be eligible to apply for your headquarters in KSA.
– The company must operate as a foreign entity in KSA and conduct strategic operations and functions within six months of receiving their license.
– The company must not conduct any sales or marketing activity as part of its license.
Stage
Apply for your RHQ License
Centuro Global has extensive corporate structuring experience to provide guidance and assistance to foreign companies who intend to establish their RHQ in the Kingdom of Saudi Arabia.
Please contact us with any queries. We would be delighted to assist with the regulatory applications to obtain the RHQ License.
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Lankitha Wimalarathna
We found this platform to be extremely helpful. The assistance they provided when we set up an entity in the Kingdom of Saudi Arabia was invaluable. I would highly recommend Centuro Connect to companies who need to save time and money and need quick access to accurate data when looking to set up entities in complex jurisdictions.
James Irvine
Country Director, Saudi Arabia,Currie & Brown
Our team at Corva has been working with Centuro Global on immigration matters, and we have continuously received excellent service above and beyond our expectations. We highly recommend using their services based on our experience.
Jacqueline Bosworth
Director of People Operations, CORVA
Get In Touch
Let us know about you and your company and we will be in touch to arrange a free global expansion consultation.
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