SAUDI ARABIA: HOW TO CONDUCT BUSINESS UNDER SHARIA LAW?
How difficult is it to start a business in Saudi Arabia?
In this episode, we delve into the business world of Saudi Arabia, where tradition and modernity intertwine seamlessly. Riyadh and Jeddah are cities where every entrepreneur can find their place, provided they understand the basic rules from legal services and company registration to the nuances of the tax system. However, how do Muslim traditions and Sharia law influence foreign business in this country?
In this video, Vitaliy shares tips on navigating local laws, discusses taxes, banking services, and partnerships with local entrepreneurs. Learn how to successfully register a company and what mistakes to avoid to prevent serious consequences at Al Safar Square.
Vitaliy will guide you through the streets of Riyadh, show the real picture of the local market, and debunk myths about doing business in Saudi Arabia. Subscribe to the channel to not miss useful tips and exclusive videos about business in different countries around the world!
About the project:
Business Without Borders - An Expert Journey Through 154 Countries
In our "Business Without Borders" project, we do more than just travel; we explore endless opportunities in international business. Our mission is to visit 154 countries, focusing on investments, real estate, real business, and valuable information from leading experts in various niches. We explore the real stories of entrepreneurs, look for interesting business ideas, and conduct in-depth interviews with expert individuals.
In our episodes, you will find:
Insider information on free economic zones in the UAE and other countries.
Top tourist locations from a business perspective.
Real stories of success and entrepreneurship from around the globe.
Useful tips and recommendations from leading international experts.
Join us on this journey, where each country reveals new opportunities for development and business.
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Timecodes:
00:00 What this episode is about
01:46 Chop-Chop Square and the strict laws of Saudi Arabia
02:37 Visiting a bank to find out the conditions for foreigners to open an account
04:21 Vladislav Lutsenko: expert comments on starting a business in Saudi Arabia
05:56 What has changed in Saudi Arabia in recent years? Women's rights and fitness clubs
07:16 What foreign entrepreneurs misunderstand about Saudi Arabia
09:05 Sergey started a business in Saudi Arabia. Observations and comments.
13:05 Jeddah: a resort city with huge potential
15:06 Challenge: testing the local business. Coffee shop and barber shop, service level and prices.
19:08 Conclusions
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