Legislation & Regulations

«Trade» warns companies that are not committed to filing their financial statements

Reading time: < 1 MinuteThe Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabeeah, stressed that there will be no leniency in imposing regular penalties on the officials of companies and institutions that are not committed to depositing their financial lists... Read more

25/10/2015

Saudi Contractors Authority

The Saudi Contractors Authority Launches «Youth Skills Week in the Construction Sector»

Free workshops to develop young people’s entrepreneurship skills, covering artificial intelligence, project management, accounting, contracts, and technical and financial proposals.

Public Authority for Real Estate logo

«The Real Estate Authority Clarifies Taxes and Fees on Real Estate Owned by Non-Saudis

«Saudi Real Estate» imposes a 5% tax on all real estate transactions and an additional 2% fee for non-Saudis in four cities

A 2% fee has been imposed on real estate transactions by foreigners in four major cities in the Kingdom

The implementing regulations impose a 2% fee on real estate transactions by non-Saudis and require them to have a digital ID, a bank account, and a unified online portal

Adoption of the «Guidelines for Monitoring the Illegal Subdivision of Residential Units» to Promote Compliance and Protect Housing Quality

The Ministry of Municipalities and Housing has adopted the "Guide to Monitoring Illegal Subdivision of Residential Units.".

In detail... New regulations approved to govern licenses for entertainment cities and the hosting of events

The new system requires prior licenses and approvals, and grants the «Entertainment Authority» regulatory powers and the authority to impose fines of up to one million riyals.

In detail... The implementing regulations for the system governing real estate ownership by non-Saudis impose strict controls and fines in the millions

The regulations set forth guidelines for real estate ownership by non-Saudis and require a unified online portal, a digital ID, and bank accounts designated for such transactions.

Saudi Central Bank - Digital Brokerage

«SAMA» Sets Guidelines for Non-Saudis to Open Accounts for Real Estate Ownership

The Central Bank has directed banks to open accounts for individuals and legal entities covered by the provisions of the regulation governing real estate ownership by non-Saudis.

Public Authority for Real Estate logo - Regulatory Tours

«The Real Estate Authority Receives 1,476 Reports and Identifies a Number of Violations During 27 Inspection Rounds

The General Real Estate Authority is conducting inspection tours and a wide-ranging electronic audit to monitor violations in real estate brokerage and services and has addressed 1,476 complaints

Ministry of Tourism-Housing Rentals

In Detail... Update to Licensing and Classification Standards for Serviced Apartments in the Kingdom

New standards adopt a points-based system and phased oversight, raising the quality of serviced apartments and improving accessibility for people with disabilities, as well as digital payments and services

180 days before the mandatory technical certification for infrastructure contractors in the Riyadh region takes effect

Mandatory technical accreditation will take effect in January 2027 to ensure the competence of qualified contractors and improve the quality of infrastructure projects in Riyadh

Implementation of the Decision to Increase the Saudization Rate in 46 Engineering Professions Begins

The decision targets 46 engineering professions in the private sector, with a 30% Saudization rate, along with oversight and penalties for non-compliant companies.

The Cabinet Exempts the Elderly and People with Disabilities from the Requirement to Include Dependents in the Household When Calculating the Minimum Pension

Exempting the elderly, people with disabilities, and orphans without families from the requirement to include dependents when calculating the minimum social security pension

«The Shura Council Discusses Housing and Infrastructure Development... Calls for Tighter Oversight of Projects and Modernization of Urban Planning

The Shura Council highlighted a number of issues related to the municipal, housing, and infrastructure sectors during its discussion of the annual report of the Ministry of Municipalities and Housing.

Infographic | How to Manage "White Land" Bills Online?

The Vacant Land and Vacant Properties Platform offers a unified digital service for managing bills, objections, and development applications electronically, all in one place

Minister of Investment: Regulations on Foreign Real Estate Ownership Open Up New Investment Opportunities

The approval of the geographic zones and the implementing regulations governing foreign ownership of real estate enhances the clarity of the regulatory environment and Saudi Arabia’s appeal to international investors.

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