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Potential Buyer Visit Support

​Description:

Reimburse the fees associated with the visit of potential b​usiness buyers in support of business development efforts.

Policy - Ceiling and Coverage:

  • Reimbursement of 90% of fees up to a ceiling of  40,000 SAR.
  • For visits of less than 3 guests, the sub-ceiling will be 13,000 SAR  per invitee.

Activities Covered:

  • Visa fees.
  • Airline tickets.
  • Hotel nights.

Terms for using the service:

  • The applicant must be a Saudi Exports registered the client.
  • The client must have completed the Export Readiness Assessment.
  • The establishment of the applicant must have completed one year or more carrying out business activities since its establishment.
  • The client's establishment must not have an activity ban.
  • The client's establishment must not be under liquidation or bankruptcy.
  • The client must not have any financial obligations to the Saudi Exports Development Authority.


General Policies:​

 

  • The applicant must submit documents that confirm the buyers visit before his incentive payment can be processed. Examples of these documents: visa, flights, and hotel invoices, commercial registration, claim letters.
  • The client must have approved application to obtain the incentive.
  • The client must  have submit the application before utilizing the service.​
  • The above disbursement documents must be submitted within 30 days of approval of the application and no application will be considered after the specified period, except if the client provides a valid reason and enough budget is still available.
  • The client must submit quarterly progress reports and upon request. 
  • The client must explain the need for the incentive by presenting the anticipated outcome in his application (e.g. increase in sales (%), gained expertise in specific areas and markets, market expansion, etc.).
  • The maximum requests limit for ( Potential Buyer Visit Support ) are  3 requests during the year. 
  • The maximum benefit limit from the Saudi Export Incentive program is 70​0,000 SAR during the fiscal year. 


Required Documents – Application:

 

  • Getting Commercial Register full data for an Est in the last 6 months. Click Here
  • Quotation.
  • The person filling and submitting an application should possess a delegation letter attested by the company, power of attorney or similar document together with the copy of ID number or iqama of the person making the application.


Required Documents – Reimbursement:

 

  • Request form for reimbursement.
  • The original invoice for fees incurred.
  • Getting Commercial Register full data for an Est in the last 6 months. Click Here
  • Deadline for submitting documents: 30 days after the application approval.

 

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