It is a law that includes a set of rules regulating foreign investment in the Kingdom of Saudi Arabia . It was enacted by the Saudi government on April 10, 2000, and amended in 2021. The law aims to encourage foreign investors to invest in the Kingdom by establishing regulations and controls specifically designed for them, in line with Saudi Vision 2030 . The Kingdom seeks to become an attractive and stimulating investment destination. A dedicated ministry for investment has been established, w...
The Saudi Central Bank is the central bank of the government of the Kingdom of Saudi Arabia . It was established during the reign of the Founding King Abdulaziz Bin Abdulrahman Al Saud on March 30, 1952. It was initially named the Saudi Arabian Monetary Authority and retained that name until it was renamed the Saudi Central Bank by the approval of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud, on November 24, 2020. 1928 The first Saudi currency system was issued under...
The Premium Residency Law is a set of legal rules and procedures that regulate the special residency in the Kingdom of Saudi Arabia , granting the holder a range of rights and privileges, along with the corresponding obligations. The law was issued by Royal Decree on May 15, 2019, and by a decision of the Council of Ministers on May 14, 2019. It consists of fourteen articles. Subsequent Royal Decrees were issued, introducing amendments to most of these articles and removing some of their clause...
The Law of Documents and Archives in the Kingdom of Saudi Arabia is a set of legal rules and procedures that are applied in the Kingdom, and it is focused on organizing documents and archives. These are containers of information related to the affairs and interests of the state, whether produced by the work of its institutions or by other sources, as long as they require preservation, either due to their necessity or their value. Issuance of the Law of Documents and Archives The Law of Document...
The Environmental Law in the Kingdom of Saudi Arabia is focused on the conservation, protection, and development of the environment . Environmental protection is a fundamental provision enshrined in one of the articles of the governance system in the Kingdom . The primary entity responsible for enforcing this law is the Ministry of Environment, Water, and Agriculture . The approval for the law was issued on July 10, 2020, making it a comprehensive and integrated system that repeals the previous...
Human Organ Donation Law in the Kingdom of Saudi Arabia is a set of legal rules and procedures that regulate the process of human organ donation in the Kingdom. The law was issued by Royal Decree on April 1, 2021, and the Council of Ministers ' decision issued on March 30, 2021. Contents of the Human Organ Donation Law The Human Organ Donation Law consists of twenty-seven articles and includes: definitions, organ donation or the bequest to donate human organs, organ transplantation, withdr...
The Anti-Money Laundering Law in the Kingdom of Saudi Arabia is a set of procedural and penal rules specifically addressing the crime of money laundering, clarifying the nature of the crime and the penalties resulting from its commission. It was issued in 2017 to replace the Anti-Money Laundering Law, which had been issued in 2012. The Anti-Money Laundering Law in the Kingdom aligns with the documents signed by the Kingdom to combat money laundering, in accordance with contemporary internationa...
The Law of Literacy and Adult Education in the Kingdom of Saudi Arabia is a set of rules and regulations aimed at literacy among citizens of all age groups in the Kingdom. It was issued on February 16, 1972, with the goal of providing educational opportunities for those who cannot read or write and have exceeded the maximum age for admission to primary schools but are under the age of forty-five. Funding of literacy and adult education projects According to the Law of Literacy and Adult Educa...
The Law of Precious Metals and Gemstones in the Kingdom of Saudi Arabia is a set of regulations governing the trade of precious metals and gemstones within the Kingdom. It safeguards the rights of traders in precious metals and gemstones, outlines their responsibilities, and protects consumer rights. The law specifies the legal standards for precious metal alloys and products, and it defines violations as well as the penalties imposed on violators. History of the Law of Precious Metals and Gems...
The Law of the Council of Ministers in the Kingdom of Saudi Arabia is a set of rules and regulations governing the functioning of the Council of Ministers , its formation, powers, and the responsibilities and authorities of the ministers. The law was issued on August 20, 1993. Definition of the Council of Ministers According to the Law of the Council of Ministers, the Council of Ministers is a regulatory body headed by the King. Its headquarters is in Riyadh City , but its sessions may be held ...
The Integrated Enforcement System 'Tanfidh' is one of the initiatives by the Ministry of Justice in the Kingdom of Saudi Arabia , designed to provide integrated electronic enforcement services. It enables beneficiaries of the enforcement judiciary to access services digitally without the need to visit judicial facilities, except for procedures that require direct judicial intervention, such as imprisonment or resolving enforcement disputes. The Ministry of Justice launched the system ...
The Shura Council Law in the Kingdom of Saudi Arabia defines the mechanisms for the functioning of the Shura Council , its formation, powers, and responsibilities. It was issued by Royal Decree on March 1, 1992. Some of its articles were later amended by Royal Decrees. Authority of the Shura Council The Law of the Shura Council establishes its authority, stating that the council is formed and carries out its duties in accordance with the provisions of this law and the Basic Law of Governance . ...