| Release Date: | 1421-01-05 |
|---|---|
| Release Tool: | Royal Decree |
| Issuance Instrument Number: | m/1 |
| Validity: | Cancelled |
| Date of last amendment: | 1443-01-30 |
| Summary: | By AI The Saudi Council of Ministers approved the Foreign Investment Law pursuant to the royal decree issued on 5/1/1421 AH, assigning the Deputy Prime Minister and ministers to implement this law. The law aims to regulate and facilitate foreign capital investment in licensed activities within the Kingdom, and includes important definitions such as "foreign investor" and "foreign investment." The law requires obtaining a license from the competent authority within 30 days, and allows foreign investors... |