This measure, in a way, will present an opportunity for potential globally-based business people to come in and set up operations in one of the fastest-growing markets in the world. Here at CBD Corporate Services, we remain firm in our resolve to ensure that we are in a position to support entrepreneurs and business people by providing all the support required to set up a business in Saudi Arabia.
Key Features of the New Business Visa
The new business visa described, which was introduced in 2024 allows foreign entrepreneurs, investors, and, to some extent business professionals to be able to stay in Saudi Arabia for a duration of 90 days with the prospects of getting this period extended. This visa is for people who are intending to undertake business activities including attending and holding meetings and signing deals and entering partnerships within the Kingdom. It is also indicative of the desire within Saudi Arabia to attract foreign investments into the country and make it easier to set up a business in Saudi Arabia in line with Vision 2030. (Source: Arabian Business)
As stated in recent reports, the Saudi Arabia government is targeting 1.5 million foreign business people visiting the kingdom every year starting 2025. If this is actualized, then it will be in line with the objectives of the board within the kingdom, to be more internationally recognized for business and entrepreneurship and innovation.
CBD Corporate Services: We assure Business Growth and Success
The journey within a new market is never easy but at CBD Corporate Services, the team is determined to help you overcome the hurdles. Our professionals are ready to offer a package of services that make the entire process smooth as well as observing compliance with local laws. Some of our services include:
Business Setup Assistance: Setting up business in Saudi Arabia comes with its laws and regulations but with our guidance, entrepreneurs can start their business without worrying about these laws.
Visa and Immigration Services: The new business visa can be complicated to acquire but with our expert consultants onboard, clients need not worry as we take care of the entire process including document preparations, submission and follow up with the immigration authorities.
Market Research and Analysis: All the opportunities, challenges as well as industry trends in Saudi Arabia can be identified by focusing on the specific trend through detailed market research.
Networking Opportunities: It is never easy to expand and build partnerships when starting out hence why we assist in getting in touch with local networks, and businesses within the industry to make it easier to start collaborations.
Ongoing Support: The relationship with our clients do not end once the business has started, instead there is a beauty in being able to assist the clients in following compliance updates and even helping them administratively.
Why Invest In a Saudi Arabia Company?
The new Saudi Business visa is part of King Abdullah’s call for greater economic diversification, Intra-regional trade once for example, the younger generation views the Kingdom as an ideal investment opportunity as it opens up opportunities across the region. The population within the region is also youthful and willing to invest in business that can transform their economic prospects.
In the past few years, it can be observed that there has been an effort in making the business climate of Saudi Arabia become more favorable as several countries, among the Mena region, has improved their business friendliness ranking. The vision and actions of the government as a reformist and pro-foreign investment stance has made the Kingdom more preferable to conduct business with.
Summary
At CBD Corporate Services, we believe that there are new opportunities not only for Saudis, but for every creative and ambitious mind out there to take advantage of the newly introduced international business visa. Our aim is to equip the aspiring investors with mechanisms and other strategies which are critical for their success in such a highly competitive market.
For more about our business and how we can support you during your entrepreneurial journey in Saudi Arabia, please visit cbdcorporateservices.com
Media ContactCompany Name: CBD Corporate ServicesEmail: Send EmailPhone: +971 4 551 0677Address:P01-02 Building 08 – Al Asayel St – Business Bay – Bay SquareCity: DubaiCountry: United Arab EmiratesWebsite: https://cbdcorporateservices.com/
