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Government grants and incentives in Saudi Arabia in 2024

Business incentives

100% foreign ownership of companies and property, including land;
No restrictions on the repatriation of capital and profits;
No sales tax or value added tax (VAT);
No personal income tax or property tax;
Ability to carry forward losses indefinitely;
10-year tax incentives on investments in undeveloped provinces;
Exemption from import tariffs of spare parts, raw materials, and plant machinery.

Financial incentives

Up to SR1.2 billion (US$320 million)-worth of medium to long-term loans from the Saudi Industrial Development Fund (SIDF);
These loans are available for the establishment or upgrade of manufacturing facilities in Saudi Arabia;
SIDF also provides financial, administrative, technological and marketing advice to industrial firms;
Assistance of SMEs to secure loans from Saudi commercial banks though SIDF Loan Guarantee Program (Kafalah);
Up to SR3 million in interest-free loans from Saudi Credit & Savings Bank for the development of small enterprises;
Loans and grants from Saudi Human Resources Development Fund (HRDF) for training and employment of Saudi nationals.

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For additional information on our company registration services in Saudi Arabia, please contact our in-house country expert, Ms. Chrissi Zamora, directly:

client relationship officer - Chrissi

Ms. Chrissi Zamora
Managing Director, Dubai
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