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Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country on the Arabian Peninsula in Western Asia. It has a land area of about 2,150,000 km², making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia.
Saudi Arabia is a Middle Eastern country that earns the majority of its wealth from oil and gas. Located between the Arabian Gulf and the Red Sea, this is the birthplace of Islam and home to Islam's two holiest shrines, in Makkah and Madinah.
While the country’s main source of government revenues comes from oil (accounting for 87% of the total government revenues), the e-commerce market in Saudi Arabia is poised for continued growth. The number of Saudis using e-commerce to buy and sell is expected to increase by 42% in 2024.
Although local e-commerce platforms still dominate the Saudi market in this area, Amazon Prime entered the Kingdom in January 2021. The Saudi Arabian government is making efforts to increase Saudis’ trust in e-commerce and encourage the use of e-commerce platforms. This includes strengthening the country’s e-commerce regulatory environment to protect both consumers and businesses.
One of the advantages of earning income in Saudi Arabia is that there is no income tax for individuals, and this has been the case since 1975 (regardless of whether they are Saudi citizens or non-Saudi nationals). Salaries are considerably high, while there are no monthly pay deductions. The cost of living is low, crime is low, and digital growth is unprecedented.
Saudi Arabia is a wealthy nation with no shortage of luxuries. There are many incredible wonders to explore, while the country is strategically situated for international travel opportunities. Here you will experience a rich local culture, famous Arabic hospitality and deep-rooted traditions.
One of the advantages of earning income in Saudi Arabia is that there is no income tax for individuals, and this has been the case since 1975 (regardless of whether they are Saudi citizens or non-Saudi nationals). Salaries are considerably high, while there are no monthly pay deductions. The cost of living is low, crime is low, and digital growth is unprecedented.
Saudi Arabia is a wealthy nation with no shortage of luxuries. There are many incredible wonders to explore, while the country is strategically situated for international travel opportunities. Here you will experience a rich local culture, famous Arabic hospitality and deep-rooted traditions.
If you are looking to establish an enterprise in Saudi Arabia, the business must be owned by a Saudi citizen, or a group of Saudi nationals must be the sole owners of the company in order for the company to be considered ‘legal’.
The process of setting up a company in Saudi Arabia involves opening a local bank account, registering your company name, and submitting all legal documentation as specified on the government’s official website. For more information, please refer to Saudi Arabia’s official government website.
