Saudi Arabia’s foreign investment regime
Deadline approaches to comply with the Anti-Commercial Concealment Law
Saudi Arabia’s foreign investment regime is one of the most formalised and transparent in the Middle East. There is increased regulatory scrutiny of side arrangements which enable foreign nationals and companies to carry on business activities which they are restricted from carrying on under the Kingdom’s foreign investment regime.
Businesses in Saudi Arabia in which foreign nationals and companies have invested, without complying with restrictions on investing or engaging in such businesses under the Kingdom’s foreign investment regime, have a grace period to adjust their position to comply with the Anti-Commercial Concealment Law.
The grace period ends on 23 August 2021.
