المدونة

There is a need to establish a law firm in Saudi Arabia to meet the legal needs of citizens and residents of all kinds, protect rights and freedoms, and access to prompt justice, in accordance with the legal system adopted in the country.

The Kingdom of Saudi Arabia is witnessing an increase in the establishment of startup companies on its soil, as startup companies are currently considered one of the most important economic engines of the Kingdom

Initially, Article Five of the rules regulating foreign investment in securities issued pursuant to Capital Market Authority Resolution No. (2-26-2023) permitted foreign natural and legal persons, whether residing in the Kingdom or non-residents, to invest in listed securities, debt instruments and investment funds. However, Article Six of the same rules stipulates that investment by non-resident foreigners in stocks listed on the main market is limited to the following categories:

- The General Assembly elects the members of the Board of Directors for the period stipulated in the company’s bylaws, provided that this period does not exceed four years. In all cases, the members of the Board of Directors are required to be natural persons. Members of the Board of Directors may also be re-elected, unless the bylaws stipulate. The company's foundation is otherwise.

What is the definition of joint stock companies in Saudi Arabia? Companies in the Kingdom of Saudi Arabia, according to what was explained in Article Two of the new Saudi Companies Law, are a legal economic entity. These companies are established in Saudi Arabia either based on a contract of incorporation or a bylaw under which two or more people commit to each contributing to a profit-oriented project. By offering a share of money or work, or both, to share the profit or loss resulting from this project.

If we look carefully, we will find a great interest from countries in the field of trade, this field, which is the cornerstone of the national economic forces of any country.

No one denies the many efforts that the Kingdom of Saudi Arabia continues to make to reach its desired goals in accordance with its vision for the year 2030 AD.

Foreign trade is considered one of the most important and largest areas that always receive attention in the Kingdom of Saudi Arabia

That, as we indicated previously, the shares of the joint-stock company in Saudi Arabia are the result of dividing its capital into negotiable shares, as indicated by Article Fifty-Eighth of the new Saudi Companies Law, as well as Article Sixty of the same Law.

The Kingdom of Saudi Arabia has not devoted its efforts to profitable fields only, such as trade, investment, etc., but has also been keen to support and develop non-profit fields on its soil.

In view of the importance of foreign investment in Saudi Arabia, we will discuss in this article the incentives and advantages enjoyed by the foreign investor in Saudi Arabia, which made it the best global economic engine that attracts foreign investments in the world.

The Kingdom of Saudi Arabia is always interested in establishing regulations and rules that guarantee people their rights and also that clarify their obligations through them, whether these people are individuals or establishments. transactions