ZATCA has announced violations and penalties in relation to e-invoicing. The Zakat, Tax and Customs Authority (ZATCA) has given out more information regarding the penal provisions for non-compliance regarding the e-Invoicing regulations and requirements, that will be effective from 4 December, 2021 in the Kingdom of Saudi Arabia (KSA). Please find the Read more…
RIYADH – The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has announced granting the Saudi Citizenship to distinguished talents, with unique expertise and specialisations. The announcement was made in line with the issued Royal decree to grant Saudi citizenships to experts and exceptional global talents with Read more…
RIYADH, SAUDI ARABIA — Minister of Investment Eng. Khalid Al-Falih said that Saudization will never be coerced upon foreign investors. It should happen organically. He was addressing a panel session at the fifth edition of the Future Investment Initiative (FII) in Riyadh on Tuesday (26/10/2021). The Future Investment Initiative took off Read more…
The Abu Dhabi Department of Economic Development (ADDED) has recently announced the launch of a virtual license to enable non-resident foreigners to invest in the emirate prior residence procedures allowing them to conduct business from anywhere outside UAE. This launch is followed by Dubai’s launch of the region’s first virtual Read more…
RIYADH, SAUDI ARABIA The Ministry of Commerce, Saudi Arabia advised business owners and commercial establishments to make use of the extended six month period to correct the violations of the Anti-Commercial Cover-up Law (Tasattur). The ministry identified seven types of tasattur and the penalty for the crime includes a maximum Read more…
New Date February 16, 2022 Ministry of Commerce, Saudi Arabia has extended the National Commercial Concealment Correction Program for another six months until February 16, 2022. The program commenced on February 28, 2021 and was intended to end on August 23, 2021. This is an additional opportunity granted from the Read more…
Abu Dhabi (6th) and Dubai (8th) are also ranked in the top 10. The fDi intelligence magazine of Financial Times, in their ‘2021 Global Cities of the Future’ index, has awarded Bahrain’s capital city Manama with the fifth position globally among cities of all sizes and first position among small Read more…
Citizenship by Investment (CBI) is the means to obtain a second citizenship and passport in a country other than one’s home country by investing in their economy. Though the pandemic and the ruckus that tagged along has affected the entire world in a grim way, new doors have opened for Read more…
The landmark initiative ends the 70 year old Kafala (Sponsorship) System in the Kingdom. Saudi Arabia’s Ministry of Human Resources and Social Development formally declared that the new labor reform initiative will come into force on March 14, 2021. Ministry said that this labour initiative is in continuation with Saudi’s Read more…
Oman aims to put its economy back into track post the pandemic-hit period. Sultanate of Oman has approved a new Economic Stimulus Package on Tuesday, with a mission to set back right the economy impacted by the spread of corona virus. The package, approved by Sultan Haitham bin Tarik is Read more…
