If you want to expand your business and enter the Moroccan market, you should first decide whether to set up a subsidiary (independent legal entity) or a branch (without its own legal personality).

The Saudi Minister of Commerce has recently issued a circular amending certain provisions of the Companies’ Law. The key changes are highlighted below: The time frame within which the General Assembly of the Partners (in a limited Liability Company) must hold its annual meeting has ben extended to twelve (12) months following the end of …

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Liability on Employer’s Requirements under Design-Build Contracts

In a very significant move and in line with its commitments under the WTO, to open economic sectors to direct foreign investments and modernize its legal and regulatory frameworks, the Saudi Council of Ministers, after lengthy discussions and deliberations, approved on October 8th, 2019, the long-awaited text of the New Franchise Law (hereinafter referred to as the “Franchise Law”). This is a …

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The Saudi Arabian General Authority for Zakat and Tax (GAZT) Extends the Deadlines for Filing Tax Returns In a move motivated by the outbreak of the Coronavirus(Covid-19) and the resulting inability for businesses to prepare to file their tax returns within the time frames provided for by law, the Saudi Arabian General Authority of Zakat and Tax („GAZT“) has decided on March 20th, 2020 …

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