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ARTICLE · 11 MARCH 2022

Saudi Issues New Guidance For Regional Headquarters Programme

The Sovereign Group
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The Ministry of Investment Saudi Arabia has issued new guidance in respect of its Regional Headquarter Programme, which incentivises companies to set up their regional headquarters in Saudi Arabia by obtaining an RHQ business licence.

Saudi ArabiaCorporate/Commercial Law
The Sovereign Group
The Sovereign Group
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The Ministry of Investment Saudi Arabia (MISA) has issued new guidance in respect of its Regional Headquarter (RHQ) Programme, which incentivises companies to set up their regional headquarters in Saudi Arabia by obtaining an RHQ business licence. The licenses are now available.

Last February, the government announced: "The Kingdom of Saudi of Arabia intends to cease contracting with companies and commercial institutions with regional headquarters not located in the Kingdom. The cessation will include agencies, institutions and funds owned by the government and will take effect 1 January 2024."

In October it announced that a total of 44 multinational companies (MNCs) had received licences to move their regional headquarters to Riyadh. Through the RHQ programme, these MNCs now have direct access to the local economy. The programme also provides direct and indirect benefits for Saudi nationals, residents and businesses, by creating local employment opportunities.

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