This article has been researched and written by Scott Cairns and the team at Creation Business Consultants and has not used AI in generating this article.
In February 2021, the Saudi government declared its intention to restrict contracts with foreign firms that do not have Regional Headquarters (RHQ) in the Kingdom of Saudi Arabia (KSA). It was a drive to encourage Multinational Companies (MNCs) to move their RHQ in the Kingdom. The Ministry of Investment Saudi Arabia (MISA) came up with regulations regarding incentives for the RHQ program in February 2022. Earlier this year, MISA revealed tax incentives for RHQs, however, more clarity on this subject is awaiting and more recently premium residences for the RHQ executives. The blog details more on the MISA laws, activities managed under RHQ, the benefits and the requirements for RHQ in Saudi Arabia etc.