The new Investment Law, which comes into force in February 2025, will largely equalize foreign and local investors, and will also simplify the procedure for registering companies with 100% foreign ownership.

The Ministry of Investment has issued 14,303 investment licenses, which allow foreign investors to register companies with 100% foreign ownership.

Saudi Arabia is seeking to lower the entry threshold for foreign companies into local markets in order to increase its investment attractiveness.

Economic reforms under Saudi Vision 2030 have increased the competitiveness of the local market and attracted major international companies. This was made possible through the preferential Regional Headquarters (RHQ) license program, which provides tax incentives to companies in the Kingdom.