As the largest Arab state in Western Asia, Saudi Arabia shares land borders with Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman and Yemen. The bulk of the landscape is consists of inhospitable desert and the capital Riyadh has a very high rate of population growth. Saudi Arabia sees education as a key to success and hence all education is free at every level.
Often referred to as a land of wealth, Saudi Arabia is a dominant oil producer and exporter, and it has large petroleum and hydrocarbon reserves.
Taxation in Saudi Arabia is relatively straightforward for contractors. Saudi Arabia has no personal income tax on salaries but contract workers require Visas to contract there. If you are planning contracting in Saudi Arabia, it would be wise to consult with CXC Global on the best way to do so, and how best to balance your taxation in your country of tax residence.
With our extensive experience and expertise in contractor management, assisting organizations with their contingent workforce, CXC Global has the resources and solutions to manage the administration process associated with contracting in Saudi Arabia, Work Permits, local payroll, opening bank accounts, and can assist clients realize a return on their income of over 90%.