An entrepreneur needs to understand the laws governing different types of businesses before starting his venture.
Different rules and regulations govern different types of companies according to the nature and size of the business.

The Labor Reform Initiative (LRI) announced by Saudi Arabia’s Ministry of Human Resources and Social Development last week is part of the Kingdom’s plan to create an attractive job market by improving contractual relationships between employees and employers.

Corporate governance regulations in Saudi Arabia ensure fair treatment to all shareholders. Members of the board of directors are obliged to protect the rights of shareholders and ensure fair and equal treatment.

Corporate governance regulations approved by Saudi Arabia’s Capital Market Authority (CMA) serve as the reference point for businesses operating in the Kingdom.

Efforts are underway in Saudi Arabia to develop a stimulating business environment. The government has taken several measures in this regard, leading to a spur in franchising.