Saudi Arabia eased licensing procedures for foreign investors

The Saudi Arabian General Investment Authority (SAGIA) has simplified licensing procedures for foreign investors. It expedited procedures by reducing the number of documents required for new licenses to only three and states that the licenses should be obtained in not more than 5 working days. Investors will also have the option to extend their licenses for up to a 15 years.

• Type:

  • Promotion and facilitation (Investment facilitation )

• Industry:

  • Not industry specific

• Sources:

  • Saudi Arabian General Investment Authority (Press release), Reduce Documents required for new licenses & Multiple renewal, https://www.sagia.gov.sa/en/Investor-tools/Press-releases/Reduce-Documents-required-for-new-licenses--Multiple-renewal-/, 17 Feb 2016
  • Arab News, SAGIA eases license procedures for foreign investors, http://www.arabnews.com/economy/news/902711, 30 Mar 2016