Saudi Arabia has unveiled a 30-year tax incentive package aimed at attracting regional headquarters of multinational corporations. This initiative, presented by the Ministry of Investment in collaboration with the Ministry of Finance and the General Authority of Zakat and Tax, aims to facilitate the establishment of global corporate headquarters within the Kingdom.
The program is designed to entice multinational companies to establish their regional headquarters in Saudi Arabia, positioning the country as the preferred destination in the Middle East and North Africa region. The tax package includes a 30-year exemption from income tax and deductions for approved activities, effective from the date of issuance of the regional headquarters’ license.
Saudi Investment Minister, Khalid bin Abdulaziz Al-Falih, affirmed that these incentives reinforce the Kingdom’s position as a prime hub for global companies. Additionally, the perks include flexible Saudization requirements and attracting international talent.
Leveraging its strategic location and expertise, Saudi Arabia has attracted over 200 companies, becoming an appealing destination for executives and global talents, supporting their professional advancement.
Finance Minister, Mohammed bin Abdullah Al-Jadaan, highlighted that these exemptions offer clarity and stability to the regional headquarters of global companies, supporting their expansion plans in the region and contributing to the Kingdom’s developmental journey and transformation.
The Kingdom demonstrates readiness to host major events like the 2029 Asian Winter Games and the Expo in 2030, solidifying its status as a preferred investment and expansion hub for global corporations.