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Saudi Arabia - Country Profile

SaudiArabia

Lead the Vision 2030 revolution! Tap into $1 trillion giga-projects, 100% foreign ownership, and a reform-driven economy—the Gulf’s largest.

Capital

Riyadh

Population

36.9 million (2023 est.)

Currency

Saudi Riyal (SAR)

GDP

$1.1 trillion (2023 est.)

Political Landscape

SaudiArabia political landscape

Governance

System: Absolute monarchy

Leader: King Salman bin Abdulaziz Al Saud

Stability: Stable monarchy with progressive reforms

Economic Overview

SaudiArabia economy

Key Industries

  • Oil & Gas
  • Petrochemicals
  • Renewable Energy
  • Religious Tourism

Growth Rate

2.6% (2023 est.)

Trade & Commerce

Exports

  • Crude Oil
  • Refined Petroleum
  • Plastics
  • Chemicals

Imports

  • Machinery
  • Vehicles
  • Electronics
  • Food Products
SaudiArabia trade

Investment Climate

Strengths

  • Strategic geographic position
  • Tax-free economic zones
  • Vision 2030 reforms
  • Sovereign wealth fund

Considerations

  • Bureaucratic processes
  • Oil dependency
  • Regional tensions

Cultural Landscape

Key Features

  • BusinessCulture: Relationship-focused
  • Etiquette: Islamic traditions
  • Hajj: Annual pilgrimage

Languages

Arabic

Competitive Advantages

  • World's largest oil reserves
  • Regional economic leader
  • G20 member state

Global Expansion Solutions

Tailored services for international growth

Employer of Record (EOR)

SaudiArabia

Our Employer of Record (EOR) services in Saudi Arabia enable businesses to hire employees without establishing a local legal entity. We handle payroll, compliance, and HR tasks on your behalf.

Key Features

  • 1. Full compliance with Saudi labor laws.
  • 2. Payroll and tax management.
  • 3. Employee contracts and benefits administration.
  • 4. Risk management for employment practices.
  • 5. Onboarding and HR support.

Benefits

1. Eliminates the need to establish a local entity in Saudi Arabia.
2. Reduces compliance risks and legal complexities.
3. Efficient HR management and payroll processing.
4. Cost-effective solution for hiring employees in Saudi Arabia.

Ideal For

1. Companies planning to hire in Saudi Arabia. 2. Businesses expanding into the Saudi market. 3. Organizations seeking to outsource HR and payroll functions.

Contractor Management

SaudiArabia

Our contractor management service in Saudi Arabia ensures that businesses can manage independent contractors while maintaining full legal compliance with local regulations.

Key Features

  • 1. Tailored contractor agreements in line with Saudi regulations.
  • 2. Payment processing and tax compliance.
  • 3. Risk management and legal protection.
  • 4. Support with contract renewals and amendments.
  • 5. Tax and social security contribution management for contractors.

Benefits

1. Mitigates the risks associated with misclassifying contractors.
2. Ensures compliance with Saudi labor and tax laws.
3. Simplifies contractor payment and management processes.
4. Provides legal protection for businesses and contractors.

Ideal For

1. Businesses hiring contractors in Saudi Arabia. 2. Companies working with freelancers or independent contractors. 3. Organizations managing remote or flexible workforce.

Temporary Staffing

SaudiArabia

We provide temporary staffing services in Saudi Arabia, allowing businesses to access skilled workers quickly and in compliance with local labor laws.

Key Features

  • 1. Fast access to qualified temporary workers.
  • 2. Payroll and tax compliance.
  • 3. Benefits management for temporary employees.
  • 4. Flexible staffing for short-term projects or seasonal needs.
  • 5. Efficient onboarding and management of temporary staff.

Benefits

1. Quickly fill temporary staffing gaps.
2. Meet project-based or seasonal staffing needs.
3. Ensure compliance with Saudi labor laws.
4. Reduce recruitment costs and overhead expenses.

Ideal For

1. Companies needing temporary workers in Saudi Arabia. 2. Businesses with short-term project requirements. 3. Organizations looking for flexible staffing solutions.

Payroll Solutions

SaudiArabia

Our payroll solutions in Saudi Arabia ensure accurate, timely, and compliant payroll processing, along with tax filing and employee benefit management.

Key Features

  • 1. Complete payroll processing and tax filings.
  • 2. Social security and pension contributions management.
  • 3. Timely and accurate payments to employees.
  • 4. Benefits administration and deductions management.
  • 5. Compliance with Saudi labor and tax laws.

Benefits

1. Simplifies payroll processing and reduces administrative burden.
2. Ensures accurate and timely payments.
3. Ensures compliance with Saudi social security and tax regulations.
4. Manages employee benefits and deductions efficiently.

Ideal For

1. Companies with employees in Saudi Arabia. 2. Businesses requiring payroll outsourcing. 3. Organizations managing employee benefits and taxes in Saudi Arabia.

Compliance Advisory

SaudiArabia

Our compliance advisory service in Saudi Arabia helps businesses stay informed about local laws and regulations, ensuring full compliance and mitigating potential risks.

Key Features

  • 1. Advisory on Saudi labor, tax, and business regulations.
  • 2. Risk management and compliance audits.
  • 3. Employee contract and HR policy consulting.
  • 4. Ongoing updates on regulatory changes.
  • 5. Customized solutions to meet business needs.

Benefits

1. Helps businesses navigate the regulatory landscape of Saudi Arabia.
2. Reduces the risk of fines and penalties for non-compliance.
3. Provides ongoing support to ensure continued compliance.
4. Offers peace of mind through expert guidance and legal protection.

Ideal For

1. Businesses operating in Saudi Arabia or planning entry. 2. Companies with employees in Saudi Arabia. 3. Organizations seeking legal and regulatory support.

Business Setup Services

SaudiArabia

We assist businesses in setting up operations in Saudi Arabia, handling company formation, tax registration, office space, HR solutions, and ensuring full legal and regulatory compliance.

Key Features

  • 1. Company formation and legal registration.
  • 2. Tax and VAT registration.
  • 3. Payroll and employee benefits setup.
  • 4. Office space solutions and administrative support.
  • 5. Legal and regulatory compliance services.

Benefits

1. Eases the process of setting up a business in Saudi Arabia.
2. Provides ongoing legal, tax, and operational support.
3. Ensures all aspects of business formation are handled efficiently and compliantly.
4. Reduces the time and effort required for businesses to enter the Saudi market.

Ideal For

1. Entrepreneurs and startups looking to establish a business in Saudi Arabia. 2. International companies entering Saudi Arabia. 3. Companies requiring a local legal entity to operate in Saudi Arabia.

Professional Outreach Solutions - Sales package

Strategic Campaign Packages for Maximum Conversion
Multi-Channel Prospecting Engine

Cold calling

€2600.00/month
  • 4 days per month
  • 100 calls per day
  • We handle everything
  • from sourcing to appointment scheduling

Cold Mailing

€1900.00/month
  • 4 Campaigns
  • Option for 4 different target audiences
  • 1 target audience with 4 different personas

Multi-channel

€3400.00/month
  • 4 Campaigns
  • Option for 4 different target audiences
  • 1 target audience with 4 different personas
  • Linkedin
  • Cold calling – Cold Mailing