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    Job Describtions

    Uploaded by

    Salha Abu-khairah
    The document summarizes the key legal and regulatory requirements for starting a business in Saudi Arabia. It discusses taxation requirements including Zakat and taxes on business income. It outlines insurance licensing requirements and regulations. It also describes Saudi labor laws regarding staffing, including quotas for Saudi nationals and restrictions on foreign workers. Finally, it lists several requirements for business operations such as maintaining proper registrations, using written contracts, protecting intellectual property, following employment and HSE laws.

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    Job Describtions

    Uploaded by

    Salha Abu-khairah
    107 views4 pages
    The document summarizes the key legal and regulatory requirements for starting a business in Saudi Arabia. It discusses taxation requirements including Zakat and taxes on business income. It outlines insurance licensing requirements and regulations. It also describes Saudi labor laws regarding staffing, including quotas for Saudi nationals and restrictions on foreign workers. Finally, it lists several requirements for business operations such as maintaining proper registrations, using written contracts, protecting intellectual property, following employment and HSE laws.

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    Job Describtions(3)

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    The document summarizes the key legal and regulatory requirements for starting a business in Saudi Arabia. It discusses taxation requirements including Zakat and taxes on business income. It outlines insurance licensing requirements and regulations. It also describes Saudi labor laws regarding staffing, including quotas for Saudi nationals and restrictions on foreign workers. Finally, it lists several requirements for business operations such as maintaining proper registrations, using written contracts, protecting intellectual property, following employment and HSE laws.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    107 views4 pages

    Job Describtions

    Uploaded by

    Salha Abu-khairah
    The document summarizes the key legal and regulatory requirements for starting a business in Saudi Arabia. It discusses taxation requirements including Zakat and taxes on business income. It outlines insurance licensing requirements and regulations. It also describes Saudi labor laws regarding staffing, including quotas for Saudi nationals and restrictions on foreign workers. Finally, it lists several requirements for business operations such as maintaining proper registrations, using written contracts, protecting intellectual property, following employment and HSE laws.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Job description for

    Work place Restaurant names

    Responsible to Leading and directing employees


    Delegates administrative tasks, such as accounting,
    paperwork and payroll.
    Ensures administrative efficiency, proper procedure,
    implementation of policies and employee morale.
    Responsible for
    Job purpose including
    scope
    Duties
    Responsibilities
    Legal and regulatory requirements to start a business in
    KSA (Including tax, Insurance, Staffing, Business
    operations)

    Tax:

    The Zakat (a form of tithe) is paid annually by Saudi individuals


    and companies within the provisions of Islamic law. The Zakat is
    an annual flat rate of 2.5 percent of the assessable amount.

    Tax on Business Income:

    A company, under the tax regulations, means a company or


    partnership having material gain as the basic objective. The
    taxable incomes of companies include:

    * Profits of a foreign company;

    * Shares of non-Saudi sleeping partners in the net profits of


    partnership companies.

    Insurance:

    Insurers must be licensed by SAMA to write specific classes of


    business, which are broadly grouped as general insurance
    (including accident, liability, motor, property, marine, aviation,
    energy and engineering), health insurance, and saving and life
    insurance, or for two or more of these.

    The Implementing Rules further set out details provisions


    governing legal deposits, the investment and valuation of assets,
    financial risk management, solvency margins, technical reserves
    and the distribution of profits. Unless SAMAs approval is
    obtained, at least 50% of an insurance companys assets must be
    maintained in Saudi Riyals, and not more than 20% of the assets
    may be invested outside of Saudi Arabia. The Implementing Rules
    provide a detailed table outlining the permitted investments and
    the investment limits for each category, and a table outlining the
    permitted limits for evaluation of assets for the purpose of
    determining the companys solvency ratio.

    Staffing:

    Every employer must have at least one Saudi national employee,


    regardless of size.

    Certain functions may be undertaken only by Saudi nationals.

    An employer must employ a Saudi national in a job before employing a


    non-Saudi national in that job.

    A workers' compensation plan exists under the direction of the General


    Organization for Health and Social Security (GOSI).

    Normal working hours are eight hours per day for six days a week. Work in
    excess of 48 hours per week must be compensated at overtime rates.

    Women may be employed, but work permits for non-Saudi women tend to
    be restricted to the health, education and air transport sectors. There are
    no restrictions on the employment of Saudi women, provided that the
    appropriate working environment is provided.

    Business operations:

    You must keep all registrations for your business structure up to date.
    Taxation requirements of businesses include GST and PAYG.
    If you go into a partnership, your solicitor should draw up a written
    contract before you begin trading or make any financial commitments.
    Protecting your intellectual property (IP) gives you the legal
    entitlement to that IP. You can protect your IP using trademarks,
    patents and designs.
    You will need to review and, if appropriate, renew IP protection
    regularly (e.g. trademarks must be renewed every 10 years).
    You should make offers of employment in writing, including conditions
    of awards, agreements and the employment contract.
    Getting your agreements with suppliers in writing will minimise
    misunderstandings and disagreements. Agreements may include
    creditor terms.
    Your business must have a responsible attitude to HSE issues.

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