Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (ZTCA) has called on businesses subject to withholding tax in the Kingdom to submit withholding tax forms for the month of March 2025 by April 10, 2025. It urged businesses to submit the withholding tax forms through its website (zatca.gov.sa), to avoid a late payment penalty of 1% of the unpaid tax for the ... Read more
Reading time: < 1 MinuteHis Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, stressed that the Commercial Registration and Trade Names systems will contribute to facilitating doing business and reducing the burdens on commercial establishments, in line with the unprecedented transformation in the Kingdom's Vision 2030. His Excellency congratulated the business community on the entry into force of the commercial registration and trade names systems and their executive regulations. It is worth mentioning that the ministry announced last Thursday that the two systems ... Read more
Reading time: < 1 MinuteThe virtual notary recorded more than 1.4 million documentation operations during 2024 through the Ministry of Justice's “Najez” electronic platform, achieving a growth rate of 60% compared to 2023. The real estate documentation operations ranked third, with more than 220,000 documentation operations, after the social cases track, which topped the usage with more than 500,000 operations, followed by the contracts track ... Read more
Reading time: < 1 MinuteThe Royal Commission for Riyadh City has warned citizens against dealing with any entities or individuals who claim to be able to facilitate access to land within the city, stressing that these claims are misleading and outside the approved legal framework. The Royal Commission for Riyadh City has warned citizens not to deal with any entities or individuals claiming to be able to facilitate the acquisition of land within the city, stressing that these claims are misleading and outside the approved legal framework. Read more
Reading time: < 1 MinuteThe Royal Commission for Riyadh City (RCRC) has started implementing the directive issued by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, which aims to achieve balance in the real estate sector in Riyadh. In this context, the authority announced that it is currently working on developing an electronic platform ... Read more
Reading time: 3 MinutesThe Real Estate Registry announced today the start of receiving applications for the first in-kind registration of 207,885 real estate plots in 230 neighborhoods in the Eastern Province and 252 real estate plots in Merat Governorate in Riyadh. Registration begins in (11) neighborhoods in Jubail Governorate, namely: (Al Mirqab, Al Waha, Al Dana, Al Marjan, Al Dhabab, Al Tawiyah, Al Bustan, Al Yarmouk, Al Arifiya, Al Taweelah, Al Taiba), while registration begins in the real estate area located between ... Read more
Reading time: 2 MinutesReal estate investment has always been one of the safest options for investors, as real estate has the unique ability to withstand economic fluctuations and deliver long-term returns. However, the most pressing question among investors remains: Which is better to invest in, residential or commercial real estate? The answer is not so simple, as each type of investment has its own advantages and challenges that determine its safety and profitability, according to ... Read more
Reading time: < 1 MinuteAl-Didhan Reserve, located in the city of Al-Khattah, north of Hail, received large numbers of visitors, tourists, and enthusiasts who enjoy natural and agricultural scenes during Eid Al-Fitr. The “Al-Didhan” reserve, located in the city of Al-Khattah, north of Hail, is one of the distinguished private nature reserves in the region, which includes a wide variety of flowers and plants, surrounded by the vast golden dunes of the Nafud and the mountains, to represent a natural art painting ... Read more
Reading time: < 1 MinuteSpending by foreign tourists in Saudi Arabia reached SR154 billion ($41 billion) last year, registering a growth of 14%, driven by a strong increase during the second half of the year, according to reports and data released by the Saudi Central Bank (SAMA). Investing more than $500 billion, spending by tourists from abroad rose by 23% year-on-year... Read more
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