Saudi Arabia eVisa: How to do business in Saudi Arabia?

The Middle East is the perfect place to start a business because it started a process of opening to the world with several policies related to social progress, climate change, and cultural development. In addition, its strategic location between Europe, Asia, and Africa makes it the perfect setting for trading routes. Saudi Arabia is one of the major countries in the Middle East that must be on your radar.

Saudi Arabia is becoming the region’s hub for investments due to its various reforms that have transformed the country’s outlook on business. In 2016, the Crown Prince, Mohammad bin Salman discussed Vision 2030, a plan for the economy’s diversification in Saudi Arabia. Since then, investments and new businesses have expanded the Kingdom’s assets. Therefore, this is an opportunity to start investing in this country.

Although the oil market, the main economic area in Saudi Arabia, has had challenges in the past years, the country’s growth continues. Nowadays, it’s the largest economy in the Middle East. During the third quarter of 2020, Saudi Arabia produced a GDP of USD 178 million. Additionally, Saudi Arabia has jumped 30 places in the Ease of Doing Business report, research from the World Bank. Due to these activities, the country’s reputation has grown at a global level.

Saudi Arabia’s vision lies on three main pillars: a vibrant society, an ambitious national, and a thriving economy. All of them join an innovative agenda looking to place Saudi Arabia as one of the most relevant countries in the world. One of the main purposes of the plan is to shift the country’s economy from a dependency on oil to the diversification of economic activities, such as mining, technology, and manufacturing.

The establishment of the Special Integrated Logistics Zones aims to attract foreign investment and continue increasing Saudi Arabia’s vision. Most enterprises investing in these zones will be exempt from income tax for 50 years. An opportunity most investors won’t even think twice about. In addition, the Ministry of Social Development has recently launched a labor reform to increase the freedom of movement between employers, providing further alternatives for the private sector. Aside from these economic activities, healthcare, and education are improving its reforms to continue to grow within the country’s vision.

Businesses looking to expand in Saudi Arabia must consider the tax and legal structures. Also, they must be examples of how the models operate to maximize income. Another area to look closely at is the employment and immigration policies to confirm the regulatory and social security rules.

If you think Saudi Arabia is the destination for your next business, maybe you should visit first as a tourist to see how it works. In this case, you can opt for the [Saudi Arabia eVisa]**. This mandatory travel document is available for tourism. It has a maximum validity of 1 year and allows multiple entries. You can stay up to 90 days per entry. This period allows you to explore the main regions in Saudi Arabia for an upcoming investment. The electronic visa is available online, and **iVisa.com** can help you with the procedure. Complete an online form with your data, let the platform process your application and wait for your **Saudi Arabia eVisa**. Check your email inbox for your travel document and display it to immigration authorities for a smooth entry. If you have any questions along the way, their Customer agents will help you.  It’s time to plan your next trip to Saudi Arabia and enjoy the business environment on this side of the Middle East.