Doing Business 2020 are Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, India, and Nigeria. Ease of Doing Business in Saudi Arabia averaged 51.50 from 2008 until 2019, reaching an all time high of 96 in 2015 and a record low of 10 in 2010. According to OPEC, Saudi Arabia is also the largest exporter of petroleum and possesses around 18 percent of the world’s total proven petroleum reserves. Explore opportunities to grow your footprint in Saudi Arabia with the help of our Trade Commissioner Service (TCS), and read more about the trade relationship between the two countries, market facts and other insights. Access useful information and reports on markets and sectors abroad.Access guides, information and other resources to learn about doing business in international markets.Answer a few short questions to assess your readiness to do business abroad.Get introduced to the right people, and connect with potential business partners and clients by participating in a trade mission or event.Take your business to the next level. Only two African economies rank in the top 50 on the ease of doing business; no Latin American economies rank in this group. It now costs only 5.4% of income per capita for an entrepreneur to start a business, which is lower than the Middle East and North Africa regional average of 16.7%. Saudis will expect you to be sincere, honest, and respectful in all your business dealings.
Plan for the tariffs, sanctions, and export/import controls that you may encounter when exporting abroad.Research your next target market.
Starting a Business This topic measures the number of procedures, time, cost and paid-in minimum capital requirement for a small- to medium-sized limited liability company to start up and formally operate in each economy’s largest business city. In addition, the process can be done in only two procedures, making it one of only six economies around the world where it can be done in so few steps. The rank of Saudi Arabia improved to 62 in 2019 from 92 in 2018. The country also performs well in the areas of registering property, where it ranks 19th, and dealing with construction permits, where it sits 28th. Saudi Arabia’s economy has been recognised as one of the most notably improved in Doing Business 2020. Saudi Arabia made the greatest strides in the area of starting a business. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.Additionally, the new reforms in the area of getting electricity, make it almost twice as fast for a business to obtain a permanent electricity connection in Saudi Arabia than it was a year ago.