Saudi Business Updates

Setting up a business is highly engaging process that is demanding in terms of finances and physical effort. However, all these efforts do not guarantee the success of a business enterprise. There are other essential factors that need to be taken into consideration as they ultimately affect the success of a business venture. Each country has its unique factors that may propel the business to success or lead it to a failure trail. It is thus essential to consider all the factors that influence business operations and be keen to note those that propel businesses to success. In Saudi Arabia, there are various factors that each business start-up ought to take into consideration in order to achieve profitable operations. Operate within the Sharia Law The Sharia law is the sovereign law of the land in Saudi Arab. Being an Islamic state, all businesses are expected to engage in Halal business activities at all times. Suffice to state that a business cannot attain profitable or sustainable o...

 The government of Saudi Arabia has announced a reduction in the tax and duty associated with Tobacco imports into the country. This comes after a tough trading period for businesses in the Tobacco industry as the taxes and duties had risen so high in the last three years. The move is geared towards enabling tobacco traders revive their operations as this sector contributes significantly to the economic development of the country. The tax and duty reduction however comes with increased requirements for tobacco traders by the government. Due to the rising cases of Tobacco-related illnesses, the traders are required to ensure that the age limit is strongly adhered to while also having all tobacco products carry the notice of health risks for the users. The government also highlighted the need for the importers to be keen on the quality of the tobacco products as this would go a step further into safe-guarding the health of the users in Saudi Arabia. Prime Puff Paper , a tobacco acces...