Hourly Rate: Not Sure
| Duration: Not Sure
| Posted: Jun 20, 2014 | Ends: 66d, 14h |
We are a group of Foreign Business Investors in Saudi Arabia, of different nationalities, We came to Kingdom of Saudi Arabia for business and got the needful Foreign Investor License. These licenses are issued in accordance with Royal Decree by His Majesty on 2000. This Royal Decrees are issued to promote the foreign investment in Saudi Arabia and entitles the rights of foreign investors for the compensations, in the events of any damages caused to them. In 2006, constituted the Saudi Arabia General Investment Authority, (SAGIA) in order to promote and monitor the performance of Foreign Business Investments, but only having the executive authority and never have any legislative power. Gradually SAGIA started controlling the foreign investors by withdrawing the permanent license of Five Years to One year temporary license and keeping it mandatory to renew after every six months. And the imposition of indirect Taxes was another blow apart from the restrictions on foreign investments, do...
Category: Other - Writing Services