Saudi (KSA) IT company, requirements?

[MikeDem]

Hi All,
anyone has experience on setting up a company in Saudi As a foreigner? IT sector.
I read that this is possible, just a local director is required, the parters can be all foreigners.
is this true? anything else to consider?

Thanks a lot
Mike

 

[daniels27]

I read that this is possible, just a local director is required, the parters can be all foreigners.

I think the general manager needs to be RSA resident. The directors can be from anywhere. Ownership depends on activities, but in your case probably not an issue.
https://www.dlapiperintelligence.co...?t=23-nationality-residency-requirements&c=SA

 

[Marzio]

anything else to consider?

Don't bring beer and sausages!

 

[OKboomer]

From what i understand it is bureaucratic and outdated