Economy

Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

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Cityscape of Saudi capital Riyadh.

Harri Jarvelainen Photography | Moment | Getty Images

DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in the kingdom, the latest move in its aggressive campaign to attract international investment and headcount.

“The Ministry of Investment of Saudi Arabia, in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority today announced 30-year tax incentive package for The Regional Headquarters (RHQ) Program, to further streamline the process for multinational companies (MNCs) to establish their RHQ in Saudi Arabia,” the Saudi state…



Source cnbc.com

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