ZATCA Introduces New Rules for Bonded Zones in Saudi Arabia

• ZATCA issued new rules for Bonded Zones in Saudi Arabia
• The rules outline procedures for licensing and operations
• Bonded Zones facilitate the movement of goods and international trade
• They allow importers and exporters to store goods and perform logistics operations
• Fees and taxes are suspended until goods are entered into the local market or re-exported
• Bonded Zones are supervised by ZATCA and managed by licensed operating companies
• The goal is to position KSA as a global logistics hub
• Advantages include flexibility in customs procedures and enhanced operational efficiency
• Various types of licenses are issued for Bonded Zones
• Temporary licenses allow activities for up to 6 months

Source: mailchi.mp

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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