For a GCC national looking to start a business in Saudi Arabia, investing in KSA is relatively easy and beneficial. The Gulf Cooperation Council (GCC), a political and economic alliance comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, provides strong support to its member states. The ease in Saudi Arabia is due to the cooperation of the Public Investment Fund, which ensures that GCC investors receive and enjoy the same benefits and incentives as Saudi nationals. 

The foreign investors, particularly the GCC nationals, enjoy the same privileges as those of the Saudi citizens while formulating business entities. It’s up to them to decide on the type of business they’ll do, whether it is sole trader, LLC, or joint stock company. GCC businesses in specific are capable of quickly setting up and successfully operating in the market of Saudi Arabia. 

With the business-friendly environment and fertile ground for growth, the kingdom is the best and most suitable choice for any GCC national investors who seeks to establish a business setup in Saudi Arabia from

Benefits of Setting up Business as a GCC national

The Government of Saudi Arabia offers special benefits to people from GCC countries. These include, exclusive investment possibilities, easy business opportunities across borders, treatment similar to Saudi citizens, speedy company setup and bank account opening.

• Quick and simple setup for GCC nationals in Saudi Arabia with minimal delays.
• Freedom to operate in any sector within Saudi Arabia.
• GCC nationals have no need for a MISA license.
• No minimum capital is needed for trading.
• Lower Zakat tax rate of 2.5% and no need to bear 20% income tax that other foreign investors must pay.
• Flexibility to choose different business structures (like Sole Establishment, General Partnership, LLC, etc).