Amicorp Group, a global provider of corporate management, financial markets and fund administration services, has opened an office in Riyadh to offer on-the-ground support for clients looking to invest in the Kingdom. The new office expands Amicorp’s presence in the Gulf region, adding to its already established offices in Dubai and Abu Dhabi.
“The Riyadh office is an important and strategic addition to our network and opens up new opportunities for our clients,” said Julien Natale, managing director of Amicorp Business Services Co. “Vision 2030, for example, presents huge opportunities for the private sector as the Kingdom looks to build further economic growth by diversifying across different sectors, with strong incentives being offered to encourage investment in that, including four special economic zones.
“As one of the first global providers of corporate management, financial markets and fund administration services to open an office in Saudi Arabia, our team is on hand to take advantage of these opportunities and help clients get set up and to manage their operations here.”
Crown Prince Mohammed bin Salman’s Vision 2030 saw $870 billion being committed to 15 megaprojects in 2023, including The Line, a 170-km linear smart city, and the Red Sea Project, which will house 50 hotels and 1,000 residential homes when completed. Potential investors stand to benefit from a variety of incentives such as enhanced market access, capital availability, a robust infrastructure and investor-friendly tax rate and business environment.
Amicorp Group can provide a range of services from its Riyadh office, including corporate management and administration services, such as entity setup, provision of corporate or personal directors, opening bank accounts and other administrative duties. The team can also provide accounting and bookkeeping services, tax compliance services, corporate secretarial services, as well as support individuals looking to get premium residency permits.
