Companies operating in the Business Park Development Zone will enjoy a wide range of business solutions, including financial incentives offered by the Development Zones Law, in addition to competitive real estate prices and lower costs of living which equates to lower compensation packages for employees.
Investment Law | ||
Income Tax | 10% | On all taxable income from activities within the Development Zone |
Income Tax | 0% | On all taxable income from export |
Sales Tax | 0% | On goods sold into (or within) the Development Zone for use in economic activities |
Import Duties | 0% | On all material, instruments, machines, etc. to be used in establishing, constructing and equipping an enterprise in the Development Zone |
Social Services Tax | 0% | On all income accrued within the Development Zone or outside the Kingdom |
Dividends Tax | 0% | On all income accrued within the Development Zone or outside the Kingdom |
Sales Tax (Services-Consumption) | 7% | Sales tax on services for consumptions within a Development Zone |