<The Saudi Arabian Investment Commission (SAGIA) has launched the «Instant Renewal» service, which allows investors to renew their investment license directly. The Authority said that this step comes as part of its continuous efforts to facilitate doing business in the Kingdom and achieve investor satisfaction, as the service allows obtaining the renewal of the investment license in record time and with ease.
<The service is characterized by linking investors« information electronically with the relevant government agencies. As a result, there is no longer a need to upload new requirements (such as Zakat certificate, Nitaqat program form, etc.), as the system will automatically verify these documents. Once the terms and conditions are approved, the system will generate the payment invoice immediately and will be sent to the investor via authorized contact points. Moreover, the investor can check the authenticity of the documents at any time via the »Automated Verification« option for documents.
<KDIPA said that it is continuously striving to develop its services, raise the level of quality and provide innovative solutions to meet the expectations and aspirations of investors. This step testifies to KDIPA's commitment to support Vision 2030 and the National Transformation Program to contribute to economic diversification, attract investments, and make the Kingdom an attractive investment destination. KDIPA is working to adopt the best practices and technologies that will make it easier for investors to do business in the Kingdom.
“KDIPA launches instant license renewal service to facilitate doing business








