Running a property business in Saudi Arabia
Saudi property businesses deal with REGA, the Real Estate General Authority, which oversees the sector, while brokers and advertisers need a FAL licence. Leases are registered on Ejar, and off-plan sales follow the Wafi programme with escrow accounts. ZATCA collects VAT at 15%, and the 5% Real Estate Transaction Tax applies to property disposals. FATOORA phase 2 continues in waves, and wave 25 covers VAT-subject revenue above SAR 187,500 in any year from 2022 to 2025, with integration by 1 February 2027. RealMake issues compliant invoices carrying the Arabic fields ZATCA requires.