Gulf Labour Markets, Migration, and Population (GLMM) Programme

An international independent, non-partisan, non-profit joint programme of a major Gulf think tank and a globally renowned academic migration centre.
The programme provides data, analyses, and recommendations contributing to the improvement of understanding and management of
Gulf labour migration, population, and labour markets, engaging with and respecting the viewpoints of all stakeholder.

Saudi Arabia: Royal Decree M/1 issuing the Foreign Investment Law

 

Title

 

  

Saudi Arabia: Royal Decree M/1 issuing the Foreign Investment Law

 
 

Date of adoption

 

  

10 April 2000
 

Entry into force

 

  

In effect

 
 

Text versions

  

Arabic

English

 

Source:

 

– The Ministry of Commerce & Industry – Kingdom of Saudi Arabia, accessed: 10 April 2014, http://www.mci.gov.sa/en/LawsRegulations/SystemsAndRegulations/ForeignInvestmentSystem/Pages/4-2.aspx

 

 

Abstract

 
 

Keywords: Saudi Arabia, Laws & Regulations, Labour Market, Foreign Labour

 

This law regulates the investment of foreigners in Saudi Arabia.

 

 

Foreign investments licensed under this Law may be either firms owned by both a national and foreign investor or wholly owned by a foreign investor (Art. 5).

 

In accordance with Art. 8, a foreign firm licensed under this Law may acquire necessary real estate as needed for operating the licensed activity, or for housing of all or some of its staff, subject to the provisions governing real estate ownership by non-Saudis.

 

The foreign investor and his non-Saudi staff shall be sponsored by the licensed firm (Art. 9).

 

Art. 18 lists both the industry and services sectors in which a foreigner may invest.

 

 
PHP Code Snippets Powered By : XYZScripts.com