Facilitating Potential Buyers Visits
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Definition
Through this service, reimbursement of fees of potential buyers visits to create greater cooperation with external companies to increase sales of the facility.
Ceiling and Coverage
- Reimbursement of 90% of fees up to a ceiling of 40,000
SAR.
- Visits of less than 3 invitees, ceiling will be 13,000 SAR per
invitee.
Activities Covered
- Visa fees.
- Airline tickets.
- Hotel accommodation.
- The above covered activities
shall apply to auditors who are sent by the buyer or (a potential buyer) to review and approve the applicant on his
list of approved clients for future sales.
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.
General Policies
- The client must submit all documents that confirm buyers visit
before disbursement of his incentive including (visa fees, invoices of
tickets and hotels). The client must
submit a commercial registration, claim letter and required
documents after completing the service.
- The client must have submit the application before utilizing
the service.
- The disbursement requirements must be submitted within 30 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 reports on the benefit of the incentive 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 Apply:
- 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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- Deadline for submitting documents: 30 days
after participating in the trade fair.
