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Enterprise advisory companies excessive in demand within the Kingdom

BusinessLink

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In 2000, a new Foreign Investment Act was passed under which the Saudi Arabia General Investment Authority, named SAGIA, grants the Foreign Investment License to do business in the Kingdom. Investors do not need a local partner after the license. However, some activities such as working as a doctor are still restricted. Although the compliance scenario has changed dramatically, it is still difficult for foreign investors to do without the help of a business consultant. In this scenario, advisory firms like BusinessLink will help you complete the process with ease and become a successful overseas investor in the UK.

In a meeting organized in collaboration with SAGIA officials and BusinessLink, Mr. Khalid spoke about the newfound opportunities in the Saudi market. The company’s CEO, Mr. Hatem, was also present. Mr. Khalid indicated that with two decades of experience, BusinessLink is a pioneer in the business consulting market. He reaffirmed his commitment to providing customers with the most cost effective and practical solutions.

Recently, the market has slumped around the world. At the same time, the Saudi market ‘Tadawul’ recorded steady growth. At the end of 2018, foreign investment in the kingdom totaled 16.50 billion riyals. In just 8 quarters this grew to around 125 billion riyals. The stats make the kingdom an ideal place for investors who want to see their wallets grow as fast as possible.

Options for an investor

At the time of entering a new market, an investor has several options in front of him, such as market penetration or market development. In the market penetration strategy, the investor focuses on getting more sales from existing products in the current market. This increases the company’s market share. An example of this is the expansion of the Al Baik Restaurants Company in Jeddah, which increased its branches to over thirty.

Another option is the market development strategy. You concentrate on selling your existing products in new markets. One example of this is the expansion of the McDonald’s restaurant with the option of entering global markets. They sell the same products with minor technical modifications to suit the culture and religion of customers in different markets and have grown to over 36,000 stores in 118 countries.

The strategies only work with the right support. BusinessLink acts as a catalyst to help you start a business in Saudi Arabia by overcoming all the hurdles and landing flawlessly on the finish line. From freight forwarding to scientific and engineering offices, you can invest in any industry that you find profitable. With the help of the cooperation of authorities, companies like BusinessLink and the Ministry of Investment, the business expansion of foreign investors can increase sharply.

You can become one of the successful foreign investors in Saudi Arabia. BusinessLink supports you with simple and fast commercial services to start your dream business in the country of Saudi Arabia. Saudi Arabia is currently full of business opportunities. You need to take a strategic approach to doing the business expansion. The first step would be to do some research, followed by using professional services. BusinessLink assists Saudi Arabia in enhancing the business expansion of foreign investors by providing services such as

• Comprehensive professional legal advice on the best way to start a business in Saudi Arabia

• Apply for SAGIA | MISA approval

• Register the company with the Ministry of Commerce and the Chamber of Commerce

• Provide the local KSA address as required

• Register the company with all government portals (MOL, GOSI, VAT, ZAKAT)

• Open the company’s bank account

• Personnel and Saudization Services

and other vital services needed to get a profitable foothold in Saudi Arabia.

The professional team of business consultants will help you build your dream business within your budget.

For example, the Executive Director for Investor, Advisory and Relations of the Saudi Arabian Ministry of Investment highlighted BusinessLink’s role in the future of foreign investment in Saudi Arabia. BusinessLink is a global corporate service provider based in the United Arab Emirates. This helps entrepreneurs start up and can carry out business expansion in and out of the UAE.