Based on the Kingdom’s Vision 2030, the most important goals of which are to raise the economic level and diversify sources of income, the Saudi government has worked to encourage foreign investors to invest in Saudi Arabia, and has established regulations and controls for the foreign investor (here) to ensure achieving the desired goals and preserving the rights of investors.

To view the foreign investment system, click here.
National Program to Combat Commercial Concealment

Commercial concealment, as explained by the Anti-Concealment Law, means an agreement or arrangement through which a person enables another non-Saudi to practice an economic activity in the Kingdom that he is not licensed to practice using the license or approval issued to the concealer. A citizen is considered hidden when he enables an expatriate to use his licenses, commercial register, or name in commercial activity. A foreigner is also considered a covert person if he obtains a license for foreign investment and enables another expatriate to work for him, in violation of the foreign capital investment system. The Kingdom has developed more than 40 initiatives to combat commercial concealment, launched awareness campaigns to enlighten society about the dangers of commercial concealment, developed indicators to identify suspected commercial concealment in cooperation with the Saudi Data and Artificial Intelligence Authority, and established regulations to correct the conditions of violators within 180 days from the effective date of the updated law. This has contributed to the development of municipal requirements for a number of activities where commercial concealment is widespread.

To view the anti-cover-up system, click here.
To view the list of correcting the status of violators of the anti-cover-up system, click here.
To apply for status correction electronically, click here.