- 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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