Saif al-Arab
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Expats to be allowed to practice own trade
March 20, 2017
RIYADH — The government is currently considering to allow expatriates to invest in free trade against an annual income tax of about 20 percent, business daily Al-Eqtisadiah reported on Sunday.
A number of transactions were limited to the Saudis, which gave rise to the phenomenon of tasattur (doing business in the name of Saudis against certain fees) that has caused the national economy to lose billions of riyals.
According to informed sources, the concerned authorities are currently conducting studies to impose two types of tax on the expatriates. The first one will be on the accounts the expatriates may present including revenues, expenditure and profits.
The second will be on the estimated profits in case no dividends are announced. In his case, the tax will be fixed according to the area of activity. It will be 15 percent on the sector of contracting and about 25 percent on consultancy services.
According to the sources, the new procedures will enable the expatriate to be his own sponsor without the need for a Saudi kafeel (sponsor) after obtaining the license to invest in any free trade area such as workshops, catering, contracting and others.
Minister of Commerce and Investment Majed Al-Qasabi has said the ministry was making an in-depth study to put an end to the practice of tasattur including allowing the expatriates to practice trade openly against certain taxes. “The expats will no longer need to hide behind a Saudi to practice trade,” he was quoted as saying.
An official source at the General Authority for Small and Medium Enterprises said a study to combat tasattur was completed. He said the expatriates would be allowed to do commercial business without the need to do this in the name of a Saudi citizen.
He said there was complete coordination with the concerned authorities to issue the rules and regulations that would guarantee the rights of the investor whether being Saudi or non-Saudi. “The study will soon see the light,” he added.
According to market sources, about 200,000 cases of tasattur were discovered in the Kingdom over the years including 86,000 in the contracting and 84 in retail sectors. They said the ministry last year alone referred about 450 tasattur cases to the Bureau of Investigation and Public Prosecution.
http://saudigazette.com.sa/saudi-arabia/expats-allowed-practice-trade/
Saudi Arabia offers 90-day amnesty to visa violators
Foreigners staying illegally in kingdom may leave without paying fines
Image Credit: SPA
Prince Mohammad launching the "Nation Free of Violators" campaign.
Published: 14:10 March 20, 2017
By Habib Toumi, Bureau Chief
Manama: Foreigners staying illegally in Saudi Arabia have been given three months to leave the kingdom without paying fines or facing legal measures.
The grace period will start on March 29, Crown Prince Mohammad Bin Nayef said as he announced the “Nation Free of Violators” campaign to help undocumented expatriates regularise their status.
All concerned agencies and departments were instructed by Prince Mohammad, who is also Saudi Arabia’s Interior Minister, to ease the departure of all foreigners who wished to leave.
Mansoor Al Turki, the spokesperson for the interior ministry, told the media at a press conference on Sunday that any foreigner who was breaking the residency and work laws and regulations would be able to leave the kingdom without paying any fines or being subject to legal action.
The violator will also be able to return later to work legally in Saudi Arabia since he would not go through the fingerprinting process usually applied to deportees who would not be allowed back into the kingdom, he said.
“The Nation Free of Violators campaign targets foreigners who have no residency or work permits or have not renewed them as well as those who entered Saudi Arabia with Haj, Umrah, visit or transit visas and failed to leave before their expiry,” Al Turki said.
“Those who have broken the residency and work laws should first settle their personal rights and dues and then start the process of leaving through the websites of the labour ministry or the passport department. Those who have overstayed their Haj, Umrah, visit or transit visas do not have to contact any government agency or authority and may head to any exit point and leave the country.”
Foreigners who have absconded and have been reported as missing by their employers should contact the nearest expatriates’ department to complete the departure process, he added.
In 2013, then King Abdullah Bin Abdul Aziz gave a 90-day grace period to allow foreigners staying illegally in Saudi Arabia legalise their status or leave the Kingdom without any penalty or fine.
According to the General Authority for Statistics, more than 12 million of the 32 million people who live in Saudi Arabia are foreigners.
http://gulfnews.com/news/gulf/saudi...rs-90-day-amnesty-to-visa-violators-1.1997011
March 20, 2017
RIYADH — The government is currently considering to allow expatriates to invest in free trade against an annual income tax of about 20 percent, business daily Al-Eqtisadiah reported on Sunday.
A number of transactions were limited to the Saudis, which gave rise to the phenomenon of tasattur (doing business in the name of Saudis against certain fees) that has caused the national economy to lose billions of riyals.
According to informed sources, the concerned authorities are currently conducting studies to impose two types of tax on the expatriates. The first one will be on the accounts the expatriates may present including revenues, expenditure and profits.
The second will be on the estimated profits in case no dividends are announced. In his case, the tax will be fixed according to the area of activity. It will be 15 percent on the sector of contracting and about 25 percent on consultancy services.
According to the sources, the new procedures will enable the expatriate to be his own sponsor without the need for a Saudi kafeel (sponsor) after obtaining the license to invest in any free trade area such as workshops, catering, contracting and others.
Minister of Commerce and Investment Majed Al-Qasabi has said the ministry was making an in-depth study to put an end to the practice of tasattur including allowing the expatriates to practice trade openly against certain taxes. “The expats will no longer need to hide behind a Saudi to practice trade,” he was quoted as saying.
An official source at the General Authority for Small and Medium Enterprises said a study to combat tasattur was completed. He said the expatriates would be allowed to do commercial business without the need to do this in the name of a Saudi citizen.
He said there was complete coordination with the concerned authorities to issue the rules and regulations that would guarantee the rights of the investor whether being Saudi or non-Saudi. “The study will soon see the light,” he added.
According to market sources, about 200,000 cases of tasattur were discovered in the Kingdom over the years including 86,000 in the contracting and 84 in retail sectors. They said the ministry last year alone referred about 450 tasattur cases to the Bureau of Investigation and Public Prosecution.
http://saudigazette.com.sa/saudi-arabia/expats-allowed-practice-trade/
Saudi Arabia offers 90-day amnesty to visa violators
Foreigners staying illegally in kingdom may leave without paying fines
Image Credit: SPA
Prince Mohammad launching the "Nation Free of Violators" campaign.
Published: 14:10 March 20, 2017
By Habib Toumi, Bureau Chief
Manama: Foreigners staying illegally in Saudi Arabia have been given three months to leave the kingdom without paying fines or facing legal measures.
The grace period will start on March 29, Crown Prince Mohammad Bin Nayef said as he announced the “Nation Free of Violators” campaign to help undocumented expatriates regularise their status.
All concerned agencies and departments were instructed by Prince Mohammad, who is also Saudi Arabia’s Interior Minister, to ease the departure of all foreigners who wished to leave.
Mansoor Al Turki, the spokesperson for the interior ministry, told the media at a press conference on Sunday that any foreigner who was breaking the residency and work laws and regulations would be able to leave the kingdom without paying any fines or being subject to legal action.
The violator will also be able to return later to work legally in Saudi Arabia since he would not go through the fingerprinting process usually applied to deportees who would not be allowed back into the kingdom, he said.
“The Nation Free of Violators campaign targets foreigners who have no residency or work permits or have not renewed them as well as those who entered Saudi Arabia with Haj, Umrah, visit or transit visas and failed to leave before their expiry,” Al Turki said.
“Those who have broken the residency and work laws should first settle their personal rights and dues and then start the process of leaving through the websites of the labour ministry or the passport department. Those who have overstayed their Haj, Umrah, visit or transit visas do not have to contact any government agency or authority and may head to any exit point and leave the country.”
Foreigners who have absconded and have been reported as missing by their employers should contact the nearest expatriates’ department to complete the departure process, he added.
In 2013, then King Abdullah Bin Abdul Aziz gave a 90-day grace period to allow foreigners staying illegally in Saudi Arabia legalise their status or leave the Kingdom without any penalty or fine.
According to the General Authority for Statistics, more than 12 million of the 32 million people who live in Saudi Arabia are foreigners.
http://gulfnews.com/news/gulf/saudi...rs-90-day-amnesty-to-visa-violators-1.1997011
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