Saudi Free Zone Company

[Checkmelater]

I wish to establish a company in Saudi Arabia in a free zone, and I also plan to reside in Saudi Arabia, specifically in Riyadh. I have an online business and only deal with individual European customers. Could you please tell me the tax rate and VAT rate ? Vat exempted like UAE ?
Thanks!

 

[Sols]

VAT on sales to EU customers is due regardless of where you are based. There is nothing different between UAE and Saudi Arabia. Sales to EU incur a VAT liability regardless.

If you provide a digital service, it's very common for small non-EU/EEA companies to not charge VAT even in cases where they should. EU isn't doing much about that at the moment, though, but that's not the same as saying UAE or Saudi Arabia is VAT exempt. Non-compliance isn't exemption.

 

[troubled soul]

Ditching UAE for Saudi is foolish act IMHO .....Saudi is not as modern as UAE.......

 

[Checkmelater]

Ditching UAE for Saudi is foolish act IMHO .....Saudi is not as modern as UAE.......

Maybe, but i think cost of life is cheaper in Saudi, weather is better because of lower humidity, and maybe no 9% taxes

 

[JustAnotherNomad]

What about Qatar? Qatar seemed more modern than KSA, but my impression could be wrong.

 

[Sols]

Regional alternatives to UAE is an interesting discussion, but please take it in another thread.