Saudi Arabia recently announced a significant initiative that could have a major impact on the business environment in the region. On December 5, the Saudi Press Agency reported that the country had launched a 30-year tax relief program to attract companies interested in establishing their regional headquarters within its borders. The program, known as the… Continue reading Saudi Arabia: Tax Exemptions Lure Companies’ Headquarters
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Aligned with the ambitious goals of Vision 2030, the Kingdom of Saudi Arabia has implemented a series of far-reaching reforms to reduce its dependence on oil and diversify its economy. As part of the Vision 2030 plan, one of the key objectives is to develop the insurance sector in the Kingdom of Saudi Arabia. In… Continue reading Saudi Arabia Establishes the Insurance Authority
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The Kingdom of Saudi Arabia recently issued the new civil transactions law on June 19, 2023, by Royal Decree M/191, with a grace period of six months, meaning the Law will be effective in December 2023. The new Law brings significant changes and updates to the legal framework governing civil transactions within the Kingdom. It… Continue reading Saudi Arabia’s New Civil Transaction Law
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What is the Hague Convention? The Hague Convention of 1961 is an international agreement that governs the international service of judicial documents and simplifies the legalization process of civil and commercial documents. The convention sets a formal process where member countries may verify a document via an apostille stamp issued in the document’s country of… Continue reading Saudi Arabia Joins the Hague Appostille Convention
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On June 28th, 2022, Saudi Arabia approved a new Commercial Companies Law, “New Law,” to enhance the country’s business environment. The law and its Executive Regulations entered into force on 19 January 2023, replacing the previous Saudi corporate law regime. The “New Law” was enacted by Cabinet Resolution No. 678, dated June 28, 2022, and… Continue reading New Saudi Commercial Companies Law: Important Changes and Reforms
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On March 21st, 2023, Yoon & Yang LLC, Korea International Trade Association(KITA), the Korea-Arab Society, and Saudi Arabia and UAE Embassies in South Korea invited our legal consulting firm to the UAE-Saudi Arabia Investment Environment and Potential Industry Forum. We were honored to have our partner, Jad Younes, represent us as a speaker at this… Continue reading UAE – Saudi Arabia Investment Environment and Potential Industry Forum
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In today’s fast-paced and competitive business landscape, protecting intellectual property has become paramount for organizations across various industries. Operating in the Kingdom of Saudi Arabia, we understand the significance of safeguarding intellectual assets. This blog post will provide valuable insights into why businesses should obtain patents, trademarks, industrial design rights, and trade secrets to secure… Continue reading Safeguarding Intellectual Property: A Legal Perspective
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