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How To Setup 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 setup regional headquarters in Saudi Arabia so and will benefit from several exemptions and fee waivers.
Setup Regional Headquarters 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
-Unsure what to do?
What is the process:
– 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
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.
At a Glance
Set Up Your RHQ In Saudi Arabia
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.
– 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.
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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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.
Director of People Operations, CORVA
As a growing technology business, it is paramount to fully understand the markets you are entering. Centuro Global is our go-to source for information on international markets from a financial and legal perspective. The Centuro Connect platform makes finding specific data seamless, through a simple and intuitive platform that is a pleasure to use.
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We at Hiveage are in the process of establishing our EU presence with the UK as our headquarters. As the founder of a self-funded business, I always look for the strategic advice and guidance that is timely and cost-effective, and saves me the effort of doing exhaustive research about different countries and their laws. Centuro Global has been helping me in the process over the last several years as and when I need it, so that I can proceed without worrying about the complications related to legal and compliance issues.
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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.