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Mostrando entradas de 2015

SAUDISATION: A NATIONAL ISSUE.

Saudisation: A nationa l issu e by Hadi Khatib on Mar 21, 2015   Saudi Arabia’s new king, Salman Bin Abdul Aziz Al Saud will, in the coming months, be managing an important political transition. The new king has already said that jobs and stability are his two top priorities, and with unemployment currently standing at 11.8%, the two issues are linked. Saudi Arabia’s adherence to World Trade Organisation agreements in November 2005 helped to integrate the Saudi economy globally, attracting domestic and foreign investment and creating job opportunities for Saudi citizens. It forged ahead with generous government spending on massive projects encompassing education, housing, healthcare and transport while also incentivising private sector firms to provide training, education and job opportunities with a view to making the Saudi workforce more competitive. One of the Kingdom’s main strategies for targeting unemployment is Nitaqat – the Saudisation project launc...

INTERNACIONALIZACIÓN: ASPECTOS BÁSICOS A TENER EN CUENTA

En la actualidad, muchas pymes no están preparadas para la actividad internacional. Con la crisis de los últimos años, muchas pymes han intentado la aventura exterior sin prestar la debida atención a sus limitaciones, su falta de preparación. Podemos hablar de cuatro barreras fundamentales a la internacionalización de las pymes: 1.     Limitaciones de recursos financieros, en un sentido amplio: para financiar su actividad productiva, capital circulante, etc.; para financiar los esfuerzos para desarrollar su actividad internacional (visitar mercados, participar en ferias y misiones comerciales, preparar material promocional, etc.); y financiación para ofrecer a sus clientes extranjeros para que éstos financien sus compras. 2.     Falta de personal directivo preparado. La carencia de medios humanos preparados se manifiesta en algo tan sencillo como que muchas pymes no tienen personal que hable idiomas. Hay empresas que para preparar un correo ele...

INTERNACIONALIZACION ARABIA - SAUDIZACION

Nitaqat - Proceso de Saudización. Nitaqat is a a new Saudization program, introduced by the Saudi Ministry of Labour. Under the program, private firms are classified into Premium, Green, Yellow and Red categories based on their percentage of Saudization. The program sets penalties and incentives for companies based on which category they fall under. Companies with high Saudization rates will fall under the Premium or Green categories, while those who fail to achieve the required rates will be included in the Yellow and Red categories. Nitaqat ensures that Saudization rates are based on the actual performance of private businesses, and takes into consideration the sector as well as the size of work force for each company. How many employees does my company have to have to fall under the Nitaqat program? Companies with less than 10 employees will not fall under the Nitaqat program. Which category does my company fall under? The criteria used for classification depends o...

INTERNACIONALIZACIÓN ARABIA BLOCK VISA

Visas for Saudi Arabia Introduction Foreign investment into Saudi Arabia has accelerated dramatically in recent years.  The Saudi government is increasingly receptive to the establishment of foreign owned businesses in the Kingdom, and is opening more and more sectors of industry to foreign investors.  As Western companies scramble to get in on the action, what should you be aware of?  There is one item that is often overlooked in the excitement of initial planning, but which, nevertheless, must be examined in detail and well before any of your employees set foot in Saudi Arabia – immigration regulations.  Overview Saudi Arabian immigration regulations are complex.  The process involves a block visa approval granted in Saudi Arabia , followed by individual work visa applications for each employee from their country of residence and then, once the employee has arrived in the Kingdom, work permit and residence permit ( iqama ) applications....