Sei sulla pagina 1di 4

Job description for

Work place Restaurant names

Responsible to Leading and directing employees


Delegates administrative tasks, such as accounting,
paperwork and payroll.
Ensures administrative efficiency, proper procedure,
implementation of policies and employee morale.
Responsible for
Job purpose including
scope
Duties
Responsibilities
Legal and regulatory requirements to start a business in
KSA (Including tax, Insurance, Staffing, Business
operations)

Tax:

The Zakat (a form of tithe) is paid annually by Saudi individuals


and companies within the provisions of Islamic law. The Zakat is
an annual flat rate of 2.5 percent of the assessable amount.

Tax on Business Income:

A company, under the tax regulations, means a company or


partnership having material gain as the basic objective. The
taxable incomes of companies include:

* Profits of a foreign company;

* Shares of non-Saudi sleeping partners in the net profits of


partnership companies.

Insurance:

Insurers must be licensed by SAMA to write specific classes of


business, which are broadly grouped as general insurance
(including accident, liability, motor, property, marine, aviation,
energy and engineering), health insurance, and saving and life
insurance, or for two or more of these.

The Implementing Rules further set out details provisions


governing legal deposits, the investment and valuation of assets,
financial risk management, solvency margins, technical reserves
and the distribution of profits. Unless SAMAs approval is
obtained, at least 50% of an insurance companys assets must be
maintained in Saudi Riyals, and not more than 20% of the assets
may be invested outside of Saudi Arabia. The Implementing Rules
provide a detailed table outlining the permitted investments and
the investment limits for each category, and a table outlining the
permitted limits for evaluation of assets for the purpose of
determining the companys solvency ratio.

Staffing:

Every employer must have at least one Saudi national employee,


regardless of size.

Certain functions may be undertaken only by Saudi nationals.

An employer must employ a Saudi national in a job before employing a


non-Saudi national in that job.

A workers' compensation plan exists under the direction of the General


Organization for Health and Social Security (GOSI).

Normal working hours are eight hours per day for six days a week. Work in
excess of 48 hours per week must be compensated at overtime rates.

Women may be employed, but work permits for non-Saudi women tend to
be restricted to the health, education and air transport sectors. There are
no restrictions on the employment of Saudi women, provided that the
appropriate working environment is provided.

Business operations:

You must keep all registrations for your business structure up to date.
Taxation requirements of businesses include GST and PAYG.
If you go into a partnership, your solicitor should draw up a written
contract before you begin trading or make any financial commitments.
Protecting your intellectual property (IP) gives you the legal
entitlement to that IP. You can protect your IP using trademarks,
patents and designs.
You will need to review and, if appropriate, renew IP protection
regularly (e.g. trademarks must be renewed every 10 years).
You should make offers of employment in writing, including conditions
of awards, agreements and the employment contract.
Getting your agreements with suppliers in writing will minimise
misunderstandings and disagreements. Agreements may include
creditor terms.
Your business must have a responsible attitude to HSE issues.

Potrebbero piacerti anche