Law of Real Estate Ownership and Investment by Non-Saudis

Release Date:	1421-04-17
Release Tool:	Royal Decree
Issuance Instrument Number:	m/15
Validity:	Cancelled
Date of last amendment:	1442-09-17
Summary:	By AI The Saudi Council of Ministers approved the Law of Real Estate Ownership and Investment by Non-Saudis, allowing foreign investors to own the real estate necessary to conduct their professional or economic activities, provided they obtain approval from the licensing authority and invest in the real estate within five years from the date of ownership, with a minimum project cost of thirty million riyals. Foreigners are permitted to own the official headquarters and accommodation after obtaining a ...

Release Date:

1421-04-17

Release Tool:

Royal Decree

Issuance Instrument Number:

m/15

Validity:

Cancelled

Date of last amendment:

1442-09-17

Summary:

By AI

The Saudi Council of Ministers approved the Law of Real Estate Ownership and Investment by Non-Saudis, allowing foreign investors to own the real estate necessary to conduct their professional or economic activities, provided they obtain approval from the licensing authority and invest in the real estate within five years from the date of ownership, with a minimum project cost of thirty million riyals. Foreigners are permitted to own the official headquarters and accommodation after obtaining a ...