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Saudi Arabia has attracted investment from companies of all sizes-from closely-held companies to multinational conglomerates in the energy, defense, healthcare, finance and other sectors. What these companies have in common is a plethora of business opportunities, government contracts and widespread demand for goods and services. At the same time, doing business in Saudi Arabia can be riddled with challenges, including laws in a constant state of flux, the lack of binding judicial precedent and key regulations that remain unpublished. These challenges highlight the need for a clear guide that explains Saudi law not only as it is written, but also as it is applied. This need is fulfilled in the present volume. Beginning with a general introduction to Islamic law (Shariʿa), this Legal Guide outlines the many legal aspects of doing business in Saudi Arabia, from trade, agency and distribution to government tenders and procurement, labor law, mergers and acquisitions. The book, providing an overview of laws such as tax and privacy regulations applicable to all companies, concludes with a discussion of arbitration, litigation and other forms of dispute resolution available in Saudi Arabia.
Now greatly expanded, with new sections covering the new Saudi mortgage law, dispute resolution and more!Doing business in Saudi Arabia can be perilous for the new enterprise but promises rich rewards. Those who wish to tap the commercial riches of doing business in the Kingdom of Saudi Arabia need this book. Unlike other books about doing business in the Kingdom, this practical guide will help you avoid the mistakes and pitfalls for the unwary. Among the topics covered are:Corporate FormationGovernment ContractsTort LawSaudi Powers of AttorneyBanking SystemIslamic FinancingOpening Bank AccountsCapital MarketsSecurities BusinessPrivate PlacementsForeign InvestmentImport StandardsCustomsContractor ClassificationTypes of Business EntitiesAgency and DistributionReal PropertyMortgage and Finance LawsConveyancingLiquidationLabor LawIntellectual PropertyTaxation (yes, there are taxes in Saudi Arabia)MiningE-Commerce and Data ProtectionWTO IssuesCorrupt PracticesDispute ResolutionThe New Saudi Arbitration Law...and more.Similar books sell for two or three times the price. Newly revised as of March, 2013, this book is an indispensable tool for any company seeking to open new business lines in the Kingdom.
Detailed attention to compliance with labour and employment laws is crucial for success in setting up business in a foreign country. This book – one of a series derived from Kluwer’s matchless publication International Labour and Employment Compliance Handbook – focuses on the relevant laws and regulations in Saudi Arabia. It is thoroughly practical in orientation. Employers and their counsel can be assured that it fulfills the need for accurate and detailed knowledge of laws in Saudi Arabia on all aspects of employment, from recruiting to termination, working conditions, compensation and benefits to collective bargaining. The volume proceeds in a logical sequence through such topics as the following: · written and oral contracts · interviewing and screening · evaluations and warnings · severance pay · reductions in force · temporary workers · trade union rights · wage and hour laws · employee benefits · workers’ compensation · safety and environmental regulations · immigration law compliance · restrictive covenants · anti-discrimination laws · employee privacy rights · dispute resolution · recordkeeping requirements A wealth of practical features such as checklists of do’s and don’ts, step-by-step compliance measures, applicable fines and penalties, and much more contribute to the book’s day-to-day usefulness. Easy to understand for lawyers and non-lawyers alike, this book is sure to be welcomed by business executives and human resources professionals, as well as by corporate counsel and business lawyers.
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Monograph explaining the current state of commercial law and business practice in the Kingdom of Saudi Arabia as well as the early laws of Islam. Tax and related laws are dealt with.
The four-volume work upon which these supplements are based, provides a set of translations from the Arabic of the business laws, regulations, resolutions and decrees of Saudi Arabia.
Saudi Arabia Company Laws and Regulations Handbook - Strategic Information and Basic Laws