Studybay uses cookies to ensure that we give you the best experience on our website. By continuing to use Studybay you accept our use of cookies view more on our Cookie Policy
How can I earn money with StudyBay Top writers
Order Assignment
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates! Check price for your assignment
1 bids submitted. Essay Example.

The Business Climate in Saudi Arabia

Saudi Arabia is perceived by entrepreneurs as the most attractive country in terms of taxation and regulation due to low tax rates and a simplified legal regime. The criterion of coordinated support of business includes mentoring and direct communication with colleagues and entrepreneurs. That is why this kingdom is considered one of the best countries to start a business.

Saudi tax system is considered one of the most reasonable in the world (ranked number seven among the 10 most convenient tax systems in the world). Saudi Arabia’s system of taxation is described as protectionist, aimed to maintain the standard of living and protect the interests of national commercial companies.

Taxes in Saudi Arabia are payed by all categories of individuals and legal entities both by Kingdom residents and non-residents according to the norms of a particular tax. Exemption from tax on the income is available only to third-country nationals employed on contract to work in Saudi Arabia.

Small and medium-sized enterprises in Saudi Arabia actively participate in the creation of new jobs and the development of new export markets. The number of employees in small businesses is between 10 and 49 employees. Such enterprises have the capital that does not exceed $5 million. Medium-sized companies have on average 50-250 employees, and their capital is between $5.5-55 million.

Saudi Arabia is very attractive country for making investments. In terms of direct investments, the Kingdom is ranked first among Arab countries and the 14th in the world. Saudi Arabia’s economy based on market principles is the largest in the Middle East and Northern Africa and is on the 23th place in the world.

Saudi Arabia is a fast-paced and growing market for business. The key factors of this growth include diversification of the economy, liberalization of the market, high level of business activity of the private sector, and modernization of infrastructure at the expense of the vast investment. Currently, the volume of Great Britain’s export in Saudi Arabia reaches £3 billion annually, while major capital projects receive £ 260 million. On the whole, according to many experts, investment attractiveness of Saudi Arabia is much higher than in Europe.

The country’s economy is growing constantly, which inspires confidence in foreign investors, and encourages them to make further steps toward cooperation with the companies of the kingdom. Urbanization in the country is in full swing, and therefore the number of those wishing to purchase a new home in one of the cities has not reduced.

Saudi Arabia is perceived by entrepreneurs as the most attractive country in terms of taxation and regulation due to low tax rates and a simplified legal regime. The criterion of coordinated support of business includes mentoring and direct communication with colleagues and entrepreneurs. That is why this kingdom is considered one of the best countries to start a business.

Assignment ID
100000969
Type
CREATED ON
30 July 2016
COMPLETED ON
2 August 2016
Price
$29
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates!
Check price for your Essay
Organizational risk appetite and risk assessment
Essay, Information Technology
Price 30 $
Designing ferpa technical safeguards
Essay, Information Technology
Price 30 $
Designing compliance within the lan-to-wan domain
Essay, Information Technology
Price 30 $
Business impact analysis
Essay, Information Technology
Price 30 $
It security policy framework
Essay, Information Technology
Price 30 $
Family reunion database
Essay, Information Technology
Price 30 $
Essay tracing the history of virtual machines
Essay, Information Technology
Price 30 $
How effective is cyber security?
Essay, Information Technology
Price 30 $
Defining the cyber domain
Essay, Information Technology
Price 30 $
Case study 2: collaboration systems at isuzu australia limited
Essay, Information Technology
Price 30 $
Improving database design
Essay, Information Technology
Price 30 $
Studybay assignment progress timeline
Studybay is a freelance platform where you can order a The Business Climate in Saudi Arabia paper, written from scratch by professors and tutors.
30 July 2016
User posted an order for Information Technology
30 July 2016
18 writers responded
30 July 2016
User contacted writer
30 July 2016
User hired writer who offered a price of $29 for the job and has experience doing similar assignments
2 August 2016
Writer completed order The Business Climate in Saudi Arabia for 1 day, meeting the deadline
2 August 2016
User accepted the job right away and completed the payment
2 August 2016
User left a positive review
Syndicated Data And Standardized Services And Their Variances Marketing Essay
Marketing At work, I am mixed up in selection procedure for research suppliers with regard to annual staff research, benefits surveys as well as for...
Is Globalisation ABOUT Technological Development Advertising Essay
Media Globalization can be explained as the removing of edges and barriers to aid easy exchange of ideas, resources and knowledge between countries....
Project Monitoring And Control Process Group Information Technology Essay
Information Technology The PMI A Guide to the Project Management Body of Knowledge,Third Model defines task management as: "Project management is the use...
The Down sides Of Watching Television Media Essay
Media This article discusses the negatives of watching television and the reality television shows, in this specific article the author is wanting to say...
Other assignments in this discipline
E-business systems
Essay, Information Technology
Price 30 $.
Prototypes of future technologies in sci-fi movies
Reports, Information Technology
Price 30 $.
Reviewing the adventures of an it leader
Essay, Information Technology
Price 30 $.
Innovation- critical thinking
Other types, Information Technology
Price 40 $.
Elements of computer security
Coursework, Information Technology
Price 40 $.
Process improvement
Coursework, Information Technology
Price 40 $.
Build a qualitative proposal
Research Paper, Information Technology
Price 40 $.
Icann research paper.
Research Paper, Information Technology
Price 40 $.
Usa and european industry standards in it area
Essay, Information Technology
Price 30 $.
The future of humans and artificial intelligence
Essay, Information Technology
Price 30 $.
Inception phase
Reports, Information Technology
Price 30 $.
Qualitative data collection
Research Paper, Information Technology
Price 40 $.