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Setting up a business in Saudi Arabia has evolved into a streamlined, strategic opportunity powered by one of the region’s most ambitious economic transformations. With Vision 2030 at the forefront, the Kingdom is rapidly emerging as a global hub for innovation, sustainability, and investment.

A quiet revolution is reshaping Saudi Arabia’s workforce and it’s being led by the youngest generation in the Kingdom’s history. With more than 63% of the population under 30, Gen Z is no longer the future of work; they are the present. They’re building startups, challenging leadership norms, and demanding more from their employers than any generation before them.

As global efforts to combat financial crime and improve corporate transparency grow stronger, Saudi Arabia has implemented new regulations focused on Ultimate Beneficial Ownership (UBO). These rules require all companies to identify and report individuals who ultimately own or control them. UBO details must be submitted during Commercial Registration (CR) renewal or on the anniversary of CR issuance for companies with multi-year registrations. This measure enhances accountability, aligns with international standards, and ensures businesses operate within a transparent legal framework. This guide explains what UBO means, who must comply, and how companies can meet these requirements to avoid penalties and ensure regulatory readiness.