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Expats in Saudi 'should research business regulations'

Entrepreneurial Britons hoping to start a business in Saudi Arabia may be interested in advice offered by one business expert.

Speaking to Investment International, Abdul Aziz Shehzad, legal advisor at the Riyadh Chamber of Commerce and Industry, said expatriates should consult the Saudi Arabian General Investment Authority (Sagia) to find out more about where to invest or how to start up a company.

According to Mr Aziz Shezad, limits are imposed on investments and some types of business are restricted in certain areas.

Foreign spending on real estate is not permitted in the Makkah and Madina regions for example, he told the advice website.

A business licence should also be obtained, either under the expat’s own name or that of a Saudi national, he added.

If the latter option is chosen, the licence should be accompanied by a letter confirming the support of the Saudi partner.

Sagia’s website details locations of a number of One-Stop Shops around the kingdom, designed for those setting-up businesses.

A number of government departments and services are represented in each shop offering information on everything from government licensing to telecommunications and banking services.

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