9  Tax incentives

Tax incentives

Exemption/reduction of import duties on machinery.(section 28/29)

Reduction of import duties for raw or essential materials.(section 30)

Exemption of juristic person’s income tax and dividends.(section 31 and 34)

A 50 percent reduction of the juristic person’s income tax.(section 35(1)) 
Double deductions from the costs of transportation, electricity and water supply.(section 35(2))

Additional 25 percent deduction of the cost of installation or construction of facilities.(section 35(3))

Exemption of import duty on raw or essential materials for use in production for export.(section 36)

Non-Tax incentives

Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities.(section 24)

Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities.(section 25 and 26)

Permit to own land.(section 27)

Permit to take out or remit money abroad in foreign currency.(section 37)