Anonymous
ID: PPpV4d1j
7/4/2025, 12:07:18 PM No.509478424
Whats it like Saudi Bros?
Benefits of Living in Saudi Arabia Under NEOM Business Visa
Tax Benefits
>NO personal income tax on salaries or wages (0% rate)
>NO capital gains tax on property or investments
>NO wealth tax or estate tax
>No inheritance tax
>No annual property taxes
>Potential 0% corporate tax for up to 20 years in NEOM (vs 20% elsewhere)
>Only 5% property transaction tax (reduced from 10% in 2025)
>No tax on crypto
>Keep 100% of earnings (vs 30-50% tax in Australia)
NEOM-Specific Benefits
>100% renewable energy - zero carbon footprint
>Access to $1 billion AI investment fund
>Free trade zone - no customs duties
>Cutting-edge infrastructure - 5G, smart city tech
>Direct access to Red Sea and beaches
>Proximity to Europe (3-hour flight) and Asia
>English as business language in NEOM
>Western-style regulations in NEOM zones
>Mixed-gender work environments allowed in NEOM
>100% foreign ownership allowed (NEOM visa)
>No local sponsor required (unlike rest of Saudi)
>No minimum capital for AI/tech businesses
>Government contracts prioritize NEOM suppliers
>Startup incubators and accelerators
>World-class data centers being built
>NEOM IPO access (planned 2024-2025)
Financial Benefits
>High rental yields (8-12% vs 3-5% in Western countries)
>Property ownership rights as business owner
>No property taxes after purchase
>Strong currency (SAR pegged to USD)
>Low utility costs (government subsidized)
>Cheap fuel (SAR 2.33/liter for petrol)
>No tipping culture (saves 15-20%)
Legal Protections
> Equal treatment with Saudi investors (new 2025 law)
> Intellectual property protection
Hidden Savings
> Lower food costs (subsidized staples)
> Free parking everywhere
> No council taxes or rates
> Lower healthcare costs than West
Get me a towel and wrap my head.
Benefits of Living in Saudi Arabia Under NEOM Business Visa
Tax Benefits
>NO personal income tax on salaries or wages (0% rate)
>NO capital gains tax on property or investments
>NO wealth tax or estate tax
>No inheritance tax
>No annual property taxes
>Potential 0% corporate tax for up to 20 years in NEOM (vs 20% elsewhere)
>Only 5% property transaction tax (reduced from 10% in 2025)
>No tax on crypto
>Keep 100% of earnings (vs 30-50% tax in Australia)
NEOM-Specific Benefits
>100% renewable energy - zero carbon footprint
>Access to $1 billion AI investment fund
>Free trade zone - no customs duties
>Cutting-edge infrastructure - 5G, smart city tech
>Direct access to Red Sea and beaches
>Proximity to Europe (3-hour flight) and Asia
>English as business language in NEOM
>Western-style regulations in NEOM zones
>Mixed-gender work environments allowed in NEOM
>100% foreign ownership allowed (NEOM visa)
>No local sponsor required (unlike rest of Saudi)
>No minimum capital for AI/tech businesses
>Government contracts prioritize NEOM suppliers
>Startup incubators and accelerators
>World-class data centers being built
>NEOM IPO access (planned 2024-2025)
Financial Benefits
>High rental yields (8-12% vs 3-5% in Western countries)
>Property ownership rights as business owner
>No property taxes after purchase
>Strong currency (SAR pegged to USD)
>Low utility costs (government subsidized)
>Cheap fuel (SAR 2.33/liter for petrol)
>No tipping culture (saves 15-20%)
Legal Protections
> Equal treatment with Saudi investors (new 2025 law)
> Intellectual property protection
Hidden Savings
> Lower food costs (subsidized staples)
> Free parking everywhere
> No council taxes or rates
> Lower healthcare costs than West
Get me a towel and wrap my head.
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