Invesment
The geographical location and economic position of the Kingdom of Saudi Arabia make it an optimal region to receive investments coming from around the world either the West or the East, including the benefit as much as possible of the infrastructure projects undertaken by the Kingdom in particular and the GCC States in general. Therefore, the firm has extensive expertise in the provision of legal services to foreign companies seeking to invest in the Kingdom, as well as supporting the Saudi companies that receive investment from allies abroad. We thus support our clients in every stage of the implementation of their investment projects. Following are some of our most prominent legal works in the field of investment:
• Representation of clients in all disputes arising out of foreign investments within and outside the Kingdom.
• Providing legal advice to Saudi investors wishing to invest abroad on foreign investment laws.
• Providing legal advice to foreign investors about areas for foreign-capital investment, commercial and industrial sectors in which they may invest and the appropriate geographic areas for foreign investment, as well as finding suitable local partners to participate in foreign investment projects.
• Providing legal advice on structuring investment.
• Proceeding legal and administrative procedures required to obtain licenses for national and foreign investments and taking advantage of the facilities and legal incentives to encourage foreign investment.
• Preparing and reviewing investment contracts and providing support in the negotiation process.
• Providing legal advice concerning the ownership of real- estate specific to foreign investment and pursuing the legal procedures.
• Providing legal advice related to free zones and laws governing investments in them.
• Conducting legal procedures for obtaining finance for investment projects by means of making use of debt financing system and financing by issuing stock.
• Applying for customs exemptions on raw materials, machinery, equipment and spare parts.
• Appealing against the non-exemption of factories’ inputs of customs duties with respect to those used in the industrial process which has no domestic counterparts, and proceeding with judicial litigation before the competent authorities for revoking of customs or obtaining compensations.
• Providing advice on entry of chemicals and other hazardous materials.
• Seeking reimbursement of customs duties paid to the Customs for exempted imports , whether tethered insurance fees , or transmitted to the peremptory fees .