tax & jurisidiction
Despite instability, terrorist attacks and post-war chaos in the Middle East, Saudi Arabia is pressing ahead with its aspirations to create a financial services centre to capture Saudi retail money in the capital markets and attract inward investment. After years of consultations and reviews, the Kingdom has enacted a Capital Markets Law, which will pave the way for the creation of a financial services regulatory body, a Western-style stock exchange and non-bank financial intermediaries. The Kingdom has plans to introduce an insurance law, a capital law and a labour law. Nick ...
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