A joint liability Company is one of the partnership companies that are based on the personal consideration of the partners.

As an extension of the developmental efforts in the Kingdom of Saudi Arabia to attract regional headquarters of global companies, the Kingdom announced in February 2021 the prohibition of government entities from contracting with companies whose regional headquarters are not located in the Kingdom by January 1, 2024.

The use of Artificial Intelligence (Al) has become indispensable in various sectors, as it enables high capabilities for efficient process improvements and service delivery.

The Competition Law issued by Royal Decree No. (M/75) dated 1440/06/29H and its regulations, govern economic concentration, in addition to other directly related operations closely linked to the safety and stability of competition ...

As part of its efforts to better manage Intellectual Property rights, the Saudi government has established the Saudi Authority for Intellectual Property, which oversees intellectual property operations, intellectual property provision, and development and enforcement of intellectual property rights in Saudi Arabia.

All companies operating within Saudi Arabia must adhere to strict corporate governance regulations. The way a company must be governed varies

The Kingdom of Saudi Arabia is witnessing significant developments in its business and economic sectors.

Saudi Arabian Labour Laws have recently undergone strict reformations (Resolution No. 51848/1442) to ensure the wellbeing and fair treatment of all employees within the Kingdom.

The new Saudi Companies Law has introduced "non-profit companies" as a form of companies that can be established in the Kingdom of Saudi Arabia, with the purpose of these companies not being profit oriented.

Tax reforms are part of the Saudi 2030 Vision and the economic development in Saudi Arabia. Recently, Saudi Arabia introduced the value-added tax (VAT) and real estate transaction tax (RETT).

Transparency in ownership structures has become A fundamental requirement of the modern investment landscape. Merely knowing the registered Shareholder of a company is no longer sufficient for regulators or financial institutions. With the increasing sophistication of money laundering methods and the concealment of the origin of illicit funds through companies and legal entities, many jurisdictions have moved towards requiring companies to disclose the Ultimate Beneficial Owner (“UBO”).

This initiative has led to the establishment of the Financial Technology Laboratory program under the Capital Market Authority and the Regulatory Sandbox program under the Saudi Central Bank

To start a business in Saudi Arabia, it is essential to understand the different legal requirements and factors of each type of entity.

Saudi Arabia is now one of the most promising markets for foreign investors in the Middle East.

In general, foreigners may have 100% ownership of locally established businesses in Saudi Arabia. According to Foreign Investment Law, foreign companies who wish to invest in Saudi Arabia are subject to special rules and requirements.

In recent years, the Kingdom of Saudi Arabia has witnessed a remarkable leap in the sports sector across various levels, in parallel with Saudi Vision 2030, which aims to improve quality of life and diversify the national economy. As the sports sector has become one of the most significant economic sectors, it has become necessary to regulate and organize it.

After the COVID-19 pandemic, the Saudi economy witnessed a rise in the number of government-owned online portals. These portals were designed to facilitate tedious governmental procedures for citizens and legal entities alike.

The Saudi Bankruptcy Law came into effect in 2018. The aim of the Saudi Bankruptcy Law is to regulate the following

The execution of mega projects characterized by their vast scale, extended timelines, and multifaceted stakeholder involvement necessitates robust legal oversight.

The Anti-Concealment Law prohibits non-licensed foreigners from practicing economic activities in Saudi Arabia by any means