International Advisory · Saudi Arabia
Financial & Business Advisory for Saudi Market Opportunities.
Accounting, IFRS-related reporting support, VAT and Zakat-related considerations, ZATCA compliance planning and market-entry advisory for the Saudi market.
Saudi Arabia
Market overview
Saudi Arabia is undergoing significant economic transformation, creating opportunities across a wide range of sectors for local businesses and international investors alike.
Our Saudi advisory focus supports businesses with the accounting, reporting and financial planning needed to operate in the Kingdom, and helps international businesses understand the financial and compliance considerations involved in entering the market.
Service Areas
Proposed service areas in Saudi Arabia
Scope is agreed for each engagement and subject to jurisdiction-specific requirements.
- Accounting and reporting
- IFRS-related reporting support
- Saudi VAT considerations
- Zakat-related support
- ZATCA compliance planning
- Outsourced CFO
- Business advisory
- Market entry considerations
- Financial systems implementation support
Key Considerations
Planning points for Saudi Arabia
Financial reporting
Reporting requirements depend on the type of entity. Many businesses prepare IFRS-based financial statements, which requires suitable accounting policies and records.
VAT and Zakat
VAT and Zakat-related obligations are administered by the Zakat, Tax and Customs Authority (ZATCA) and depend on the nature and ownership of the business.
Invoicing and systems
Invoicing and record-keeping requirements can affect accounting systems and should be considered early in any set-up or system change.
Important information
Statutory audit, tax representation, investment licensing and other regulated services in Saudi Arabia must be provided by appropriately licensed parties. H3 Global Advisory provides advisory and accounting support and coordinates with authorised professionals where required.
FAQs
Saudi Arabia FAQs
Can you help with VAT and Zakat in Saudi Arabia?
We support the records, reconciliations and documentation relating to VAT and Zakat matters, and help plan compliance timelines. Filings and any representation before ZATCA should be handled by, or confirmed with, appropriately authorised parties.
Do you help foreign businesses enter the Saudi market?
Yes. We help assess market entry options, prepare financial feasibility analysis and plan accounting and reporting. Investment licensing and legal formation steps are handled through the relevant authorities and authorised advisers.
Can you support IFRS reporting?
We can help prepare IFRS-based financial information and supporting schedules, and review accounting policies. Any audit of those financial statements must be performed by an appropriately licensed auditor.
Can you help with financial systems?
Yes. We can help define requirements, plan implementation and set up charts of accounts and reporting so that systems support local invoicing and reporting needs.
Related Services
Relevant services
Tax & Compliance
Tax compliance support, VAT and indirect tax considerations, corporate tax, Zakat-related matters, and jurisdiction-specific regulatory planning.
Learn more01Accounting & Bookkeeping
Financial records, management accounting, financial reporting support, reconciliations, and accounting process improvement.
Learn more06Company Formation & International Expansion
International market entry, business setup coordination, business structuring, financial planning, and cross-border operational considerations.
Learn moreOther Markets
Explore our other target markets
United Kingdom
Accounting, UK tax considerations, financial reporting, and business advisory.
Explore the UK
United States
US market-entry planning, accounting coordination, federal and state tax considerations, and financial advisory.
Explore the US
Pakistan
Accounting, taxation considerations, financial management, and business consultancy.
Explore PakistanDiscuss your plans for Saudi Arabia.
Tell us about your business and what you are looking to achieve in the market, and we will explore the appropriate next steps.