KSA Launches E-tools for Regional HQ
The newly introduced online services cater to a range of needs, from issuing regional headquarters as branches to establishing entirely new foreign entities.
The Ministry of Commerce in Saudi Arabia has unveiled a new set of online services tailored specifically for foreign companies seeking to establish regional headquarters (RHQ) in the kingdom.[1]
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The newly introduced online services cater to a range of needs, from issuing regional headquarters as branches to establishing entirely new foreign entities. Companies can leverage the platform for tasks including the issuance, amendment, and renewal of commercial registers, as well as reserving commercial names.
Accessible via the ministry's digital platform and the Saudi Business Center's portal, these electronic services are designed to offer a seamless and efficient experience for foreign companies navigating Saudi Arabia's dynamic business landscape.
Business expansion activity in Saudi Arabia has grown fourfold since 2018, according to the AstroLabs 2023 Saudi Market Entry Report.
The deadline for international firms to establish regional headquarters (RHQ) in Saudi Arabia or risk losing hundreds of billions of dollars in government contracts came into force on Monday, January 1.