Amicorp Business Services Co.

The Kingdom of Saudi Arabia is politically stable and has the strongest economy in the Middle East. Oil production has been a key factor in that, but tourism and diversification across other sectors increasingly play a part in its continued economic expansion. Non-oil sectors include clean technology, metals, mining, sports and entertainment, transport, and logistics.

Vision 2030 by Crown Prince Mohammed Bin Salman saw USD 870 billion being committed to 15 ‘mega projects’ in 2023, including The Line, a 170 km linear smart city, and the Red Sea Project, which will house 50 hotels and 1,000 residential homes when completed. Vision 2030 presents huge opportunities for the private sector, with support being offered to encourage investment in it. Potential investors stand to benefit from various incentives such as enhanced market access, capital availability, robust infrastructure, and investor-friendly tax rates and business environment.

The Kingdom offers many other benefits for investors and businesses setting up or operating here. Among them:

• Strategic location at the convergence of Europe, Asia, and Africa for both global trade routes and business expansion opportunities
• Highly integrated infrastructure with interconnected transport networks and IT digital solutions
• Young and skilled workforce – 30% of the working population is below 29 years old, with huge government investment in education
• Ongoing commitment to implementing regulations to stimulate private sector growth and improve the business environment. Recent reforms have included establishing four Special Economic Zones that will offer incentives such as competitive corporate tax rates and flexibility in employing foreign labor to foreign investors

Our services

Amicorp Group can provide multiple services from its Riyadh office:

• Management and administration services, including assistance and support with company formation, provision of corporate or personal directors, opening bank accounts, and other administrative duties
• Premium Residency support for individuals also helps companies to attract global talent and investors
• To attract global talents and investors
• Accounting services, including bookkeeping and reporting, preparation of group consolidated accounts and financial statements under IFRS, US GAAP, and statutory audit support
• Corporate Secretarial services include assistance and support with company formation, board support services, and administration
• Tax compliance services include assistance with CIT and VAT filing, together with the respective tax advisors

Languages spoken: Arabic, English, Italian, French.