According to reports in the Financial Times, state media and the websites of france24.com and aljazeera.com this week, Saudi Arabia said it will stop working with foreign firms that don’t base their Middle East headquarters in the kingdom. Allegedly starting in 2024.
It seems (Bloomberg 15 Feb 2021) Saudi Arabia has offered firms (including Deloitte, PricewaterhouseCoopers) a package of incentives including tax breaks to urge them to set up shop in the kingdom under a plan dubbed ‘Project HQ’. If you plan to open a new branch office in the region, or seeking advice on exporting to Saudi Arabia from the UK – Notary Co UK are ready to assist; we can notarise your documents and get them legalised via the London Chamber of Commerce and Industry and the Arab-British Chamber of Commerce. Contact us