Legal Support
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Definition
Through this service, reimbursement of fees of professional legal support and expertise in target markets.
Ceiling and Coverage
Reimbursement of 85% of fees up to a ceiling of 55,000
SAR.
Activities Covered
- Explaining
foreign market trade rules and regulations for example (tax laws).
- Identifying
trade restrictions.
- Identifying
import/export legal risks.
- Preparing
standard export legal documents.
- Negotiating
importing and exporting agreements.
- Commercial
arbitration, mediation, and resolving disputes.
Conditions
- The applicant must be one of the authority's clients
registered on the website of the authority.
- The client must have completed the export readiness
assessment.
- The establishment of the applicant must have completed one
year or more carrying out business activities since its establishment.
- The client's establishment must not have an activity ban.
- The client's establishment must not be under liquidation or
bankruptcy.
- The client must not have any financial obligations to the
authority.
Policies
- The required disbursement documents must be submitted within
120 days of approval of the application and no application will be
considered after the specified period, except if the client provides a
valid reason and enough budget is still available.
- The client must submit the application before utilizing the
service.
- The client must submit
reports on the benefit of the incentive periodically and upon request.
- The client must explain the need for the incentive by presenting
the anticipated outcome in his application for example (increase in sales,
gained expertise in specific areas and markets, market expansion, etc.).
- The client can benefit from the incentive to a maximum 3
requests during the year.
- The maximum benefit limit from the Saudi Export Incentive
program is 700,000 SAR during the fiscal year.
Required Documents
Required Documents to Provide
the Service:
- An extract of commercial register issued in the last 6 months.
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- Price
quotation.
- An authorization letter
issued by the establishment, a legitimate agency or similar document with
a copy of ID card of the person who makes the incentive request on behalf
of the establishment (a copy of ID card only in case of the applicant is
the owner).
Required Documents after
Completing the Service:
- A disbursement request form.
- A certified form of the
company's bank account
- The original invoice of payment fees.
- An extract of commercial register issued in the last 6 months.
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- The
final legal reports.
- Deadline for submitting documents: 120 days after application
approval.
