Saudi Arabia revealed, on Friday, the details of the regime that is updated to the property of the non -Saudi real estate, which was approved by the Council of Ministers on July 8, and will be effective at the beginning of next year 2026.
According to the regime, which was published by the official newspaper “Umm Al -Qura”, it means “non -Saudi” the natural person who does not hold the nationality of the country, the foreign company, the non -profit foreign entity, and any other non -Saudi legal person determined by a decision of the council.
It was allowed for non -Saudi to own real estate or acquire other in -kind rights in the geographical scope determined by the Council of Ministers, based on a proposal from the Board of Directors of the “Real Estate Commission” and the approval of the Council of Economic Affairs and Development, in a decision that also includes the types of these rights, the percentage of ownership in its maximum within that scope, the maximum allowance for the acquisition of the right to use, and any related controls.
According to the regime, consisting of 15 articles, a non -Saudi natural character, who is organically residing in the country has one property dedicated to his residence outside the aforementioned geographical scope, is the right to be excluded from the cities of Makkah Al -Mukarramah and Medina, which is limited to the right to the Muslim person.
The company is not included in the Saudi financial market, the institution in accordance with the provisions of the Saudi companies system, which is involved in ownership of the capital of one or more people of the natural or legal characteristic who do not have the nationality of the country, owns the property or acquires these rights in the aforementioned geographical scope, including the cities of Makkah Al -Mukarramah and Al -Madinah Al -Munawwarah, to carry out its activities and to housing its workers within the range.
The companies listed in the market can be in accordance with the provisions of the corporate system, investment funds and facilities with special purposes licensed by a system; Ownership and acquisition of those rights, including the cities of Makkah Al -Mukarramah and Al -Madinah Al -Munawwarah, according to the requirements of the market system and its executive regulations, and the controls that the “Market Authority” places in coordination with the “Real Estate Authority” and other concerned parties.
The system pointed out that the application of the “ownership system” does not prejudice the provisions of the distinguished residence system or organize the ownership of Gulf citizens to the property in the member states of the Cooperation Council for the purpose of housing and investment or other valid regulations that give the foreigner better rights regarding ownership and acquisition of other rights on it. Likewise, the ownership of the foreigner does not have any rights or privileges except for the prescribed for the owner of the right in -kind system.
It is permissible – on the basis of reciprocity – for the diplomatic representatives approved in Saudi Arabia, which owns its official headquarters and its president and its members, and for international and regional bodies as well, within the limits of the agreements that govern them; This is provided that the Ministry of Foreign Affairs approval is obtained.
The system obliged the foreign company or the non -profit foreign entity or determined by the Council of Ministers; Registration with the competent authority before ownership or acquisition of in -kind rights. The ownership of non -Saudi or the acquisition of these rights will be correct after registering it with the real estate registry in accordance with the provisions regulating that. It is also imposed a fee that the commission meets on the value of its behavior with rights, which does not exceed 5 percent of it, without prejudice to any fees or taxes prescribed as a system.
Those who violate the provisions of the system or the regulation shall be punished with warning, and a fine not exceeding 5 percent of the value of the in -kind right in question by no more than 10 million riyals, without prejudice to any more severe punishment stipulated in any other system. The regulation also determines a schedule of violations and penalties prescribed to them based on these provisions, to be taken into account in determining the punishment, the gravity of the violation, its circumstances, its circumstances, and its effects.
Except for that; The non -Saudi who deliberately provides incorrect or misleading information that leads to a property or acquires any of these rights; With a fine of no more than 5 percent of the value of the right in question, with no more than 10 million riyals, and sell it. The Public Prosecution is concerned with investigation and claiming this, and the competent court shall examine and impose the punishment. And if you judge the sale of the right right; He returns to the perpetrator of the verb, or what he paid for his acquisition of him, after resolving fines or any other taxes or fees, a system and the sale expenses from him, whichever is less, and he supplies the remainder to the state’s public treasury.
The Council of Ministers issues the regulations – based on a proposal from the authority’s board of directors and the approval of the Council of Economic Affairs and Development – within 180 days from the date of the system’s publication in the Official Gazette, and it is operated from the date of its implementation.
The regulations specify the procedures for the non -Saudi acquiring rights in the real estate in the Kingdom, the requirements for enforcing the established system provisions, and the amount of the fee that the authority meets on the value of the disposal of these rights based on the type of right and its purpose and the geographical scope, and the actions subject to it in the percentage of zero and conditions and conditions and controls for that.
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