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ARTICLE · 29 JUNE 2017

Saudi Arabia Update - June 2017

Dentons
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Recently, SAGIA announced a new process whereby major foreign investors (Applicants) can obtain a SAGIA License within 10 minutes online.

Saudi ArabiaCorporate/Commercial Law
Amgad Husein
Amgad Husein
Anas Akel
Anas Akel
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Legal Developments

10 minute SAGIA License

Companies carrying any foreign ownership in Saudi Arabia are required to have a foreign investment license issued by the Saudi Arabian General Investment Authority (SAGIA) (colloquially referred to as a SAGIA License).

Recently, SAGIA announced a new process whereby major foreign investors (Applicants) can obtain a SAGIA License within 10 minutes online. However, this service is only available for certain investors, who fulfil the following conditions:

  1. the Applicant or one of its owners must be publicly listed in the international or local stock markets; and
  2. the Applicant must have achieved at least one of the following financial and technical standards: 

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