The Saudi Arabian General Investment Authority (SAGIA) recently introduced new online services, through which an Investor can apply for an investment license online. This will spare a lot of time, effort and cost for the Investor and expedite the acquisition of an investment license. One of SAGIA’s new services is the Special Track application process, through this service SAGIA is trying to attract international companies to invest in the Kingdom of Saudi Arabia. Under this service an investor is not obligated to fulfill all the documents required in the normal application process, here documentation is reduced to the minimum and the license is issued within five business days.
However, the Special Track application process applies only to companies having one of the following specifications: multinational global companies having branches or subsidiaries worldwide, companies with registered Patents and Trademarks, and companies working with the Saudi government.