The Regional Headquarters (RHQ) Program- Tax Incentives

برنامج المقرات الإقليمية (RHQ) - الحوافز الضريبية

Country

Saudi Arabia

State / City

National

Posted date

2023-12-05
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The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority (ZATCA) announced a 30-year tax incentive package for The Regional Headquarters (RHQ) Program, to further streamline the process for multinational companies (MNCs) to establish their RHQ in Saudi Arabia.\n\nThe RHQ 30-year tax relief incentive includes a zero percent [0%] rate for:\n - Corporate income tax.\n - Withholding tax (‘’WHT’’) related to the approved RHQ activities.\n\nThe companies will benefit from the RHQ tax relief from the day they obtained their RHQ license.\n\nThe RHQ Program is a joint initiative of MISA and the Royal Commission for Riyadh City (RCRC). The program aims to attract MNCs to set up their RHQ in Saudi Arabia and position the Kingdom as the leading commercial, industrial and investment hub for the MENA region, by offering a range of benefits and premium support services that complement the Kingdom’s globally competitive value proposition. First launched in 2021, the program has now licensed over 200 companies to operate their RHQ from the Kingdom of Saudi Arabia. Additionally, seven international K-12 schools have announced their new campuses in the Kingdom under a dedicated supporting program targeting best-in-class international schools from around the world.

Instrument

Trade Finance

Purpose

Investment promotion

Agency

Ministry of Investment of Saudi Arabia (MISA)

Sector

Cross-sectoral

Data+Law uuid

SAU_03695_Program

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