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Can Expats Own 100% of Their Business

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Can Expats Own 100% of Their Business

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  1. Can Expats Own 100% of Their Business In Saudi Arabia?

  2. While Saudi Arabia has not yet been as welcoming to foreigners as it may have been in the past, there are still many opportunities for foreign entrepreneurs to expand their businesses within the Kingdom. The Saudi government has now issued a new regulation that will allow full foreign ownership of businesses in Saudi Arabia in specific economic sectors. This is a significant change from the previous system that only allowed majority ownership by Saudis, with a foreign shareholder owning no more than 49% of the business. The new regulation will allow 100% foreign ownership in the following sectors: • Industrial investment • Logistics • Healthcare • Education • Recreation • Cultural activities This is a major development that will open up Saudi Arabia to more international businesses and help to attract foreign investment. The Saudi government hopes this will help diversify the economy and create new jobs for Saudi citizens. This is a positive step forward for the Kingdom and will help to make it more attractive to foreign investors. So, if you are looking to expand your business in Saudi Arabia, contact ThinkDirect BPO to get corporate immigration advisory services in Saudi Arabiato help you with your plans.

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