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Certificate of local content: to strengthen the national economy according to Vision 2030<\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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Prepare an extract <\/span>Local Content Certificate<\/strong> An essential step on the way <\/span>Localization of industries and development of national enterprises<\/strong>This certificate gives companies significant advantages in return for their commitment to using local components, services and personnel. In line with the objectives <\/span>Saudi Vision 2030<\/strong>, The state paid special attention to the promotion of local content as a major tributary of the national economy. Hence, this certificate came as an official document that enables enterprises to prove the extent of their compliance with the relevant regulatory controls. As a lawyer specializing in Saudi commercial regulations, I discuss in this article <\/span>Definition of the certificate, the requirements for issuing it, the steps to obtain it, and the practical challenges that companies may face during its extraction<\/strong>.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Definition of local content certification<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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A certificate of local content is an official document issued by <\/span>Local content and Government Procurement Authority<\/strong><\/a>, And is the legal reference on which it depends in determining the percentage of local contribution of enterprises within the kingdom. This ratio reflects the volume of the company's spending on national products and services, and the extent of its dependence on <\/span>Saudi workforce<\/strong> In exchange for expats. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The percentage of local content is calculated through a precise mechanism that includes several key elements, most notably:<\/span><\/p>\n