Currently, Saudi Arabian law permits foreign direct investment in engineering consultancies operating in the private sector only through a professional company licensed by the Ministry of Commerce and Industry ("MOCI")....more
8/17/2017
/ Engineering ,
Foreign Corporations ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Subsidiaries ,
Infrastructure Financing ,
Joint Venture ,
Licensing Rules ,
MOCI ,
SAGIA ,
Saudi Arabia
On June 11, 2017, the Saudi Arabian Excise Tax Law ("Excise Tax Law"), as enacted by Royal Decree No. M/86 and dated 27/8/1438 H / May 23, 2017, came into force in Saudi Arabia. The new law implements the GCC Unified...more
6/24/2017
/ Appeals ,
Dispute Resolution ,
Excise Tax ,
Imports ,
International Tax Issues ,
Manufacturers ,
Mediation ,
Proposed Regulation ,
Public Safety ,
Sale of Goods Act (SOGA) ,
Saudi Arabia ,
Value-Added Tax (VAT)
On Monday, June 5, 2017, Bahrain, Egypt, Libya's eastern region-based government, the Maldives, Saudi Arabia, United Arab Emirates ("UAE"), and the internationally recognized government of Yemen severed ties with Qatar,...more
6/8/2017
/ Africa ,
Bahrain ,
Banking Restrictions ,
Egypt ,
Foreign Relations ,
Jordan ,
Libya ,
Mauritius ,
Middle East ,
Qatar ,
Saudi Arabia ,
Terrorism Funding ,
Trade Relations ,
Travel Restrictions ,
United Arab Emirates (UAE) ,
Yemen
On 29 January 2017, the Saudi Minister of Labor issued Resolution No. 50945 ("Resolution") restricting termination of groups of Saudi employees for redundancy. This significant development comes at a time when many employers...more