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Start Your Business in Saudi Arabia

Setup you Business in Saudi Arabia (KSA)

Expand‎ and Run your own business in Saudi Arabia without a need for a sponsor.
Trusted Company Setup in Saudi Arabia

Business Setup in Saudi Arabia

Set up your company in the Saudi Arabia and we are the experienced professional Business Advisors
To ensure fast and efficient mainland company formation in Saudi Arabia.

From many destinations in the Middle East, Saudi Arabia turned into one of the best places Business Setup in Saudi Arabia. Thanks to their prosperity, people from other countries go there to begin operating businesses. This country is the largest economy in the area and offers a lot of benefits to entrepreneurs and foreign investors.

By 2021, the Saudi Ministry of Investment announced measures to allow foreigners to start a business in the country. Seeking to reform the economy, the government introduced the Saudi Vision 2030. Through this plan, they expect to bring more foreign innovation to boost national productivity by Business Setup in Saudi Arabia. Thus, authorities have been improving the mechanisms by which foreigners can invest in their territory.

This has resulted in better collaboration between government agencies and investors. Consequently, the Kingdom became a quite popular place for companies. Also, the latest reforms reduced bureaucratic obstacles and allowed firms to be owned completely by foreigners. Considering the advantages, Saudi Arabia leverages the efficacy of Business Setup in Saudi Arabia run in its territory.

If you want to benefit from Saudi’s Arabia commercial advantage, come with us and learn how to Business Setup in Saudi Arabia for foreigners. This way you will learn all the necessary steps to take your organization to the next level. Throughout this article, we will discuss the different kinds of companies allowed in the country and how to register your firm there.

CONTACT USOur Experts will help you in Setting up Business in Saudi Arabia.

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How to Register a Company in Saudi Arabia

Steps to Register
a Company in Saudi Arabia

To operate legally in the KSA, you must complete three registration stages. Even though the process might be long, the new reforms have reduced the time to register. Overseas business owners have the facility of completing these steps online. Through the MISA website, you can submit several of the requested documents and check your registration status.

The primary registration consists of requesting permission to own a business in the Kingdom’s territory. During this stage, the company owners must apply for attestation of a contract on the MISA’s website. Then, they submit the mandatory documents to Saudi Arabia’s consulate including the company name registration and the new articles of association.

  • After applying for permission to own a business, the government should enable the legal entity to hire personnel. Thus, you must register the company to the Ministry of Labour, the General authority of Tax and Zakat, and the General Organisation for Social Insurance (GOSI). These authorities allow you to have Saudi workers under your command. Finally, the business rules in Saudi Arabia establish that you should request a residence permit and a bank account. To do this, the authority will run you through a health check and will request health insurance coverage. Also, you must register in the Muqueem to scrutinize your resident workers’ data. At last, you will be able to create a bank business account for your company.
Office Space
No currency exchange restrictions
International exposure
Best Location
Business Setup in Saudi Arabia

The types of companies that you can set up are:Type of
Company Setup in Saudi Arabia

You can find four major business Setup that the DED issues for companies in Saudi Arabia.

Limited Liability Company (also known as LLC)

In this case, you can own 100% of the company’s assets if you are a foreigner. Also, this is the most popular kind of company chosen by investors from outside the country.

Limited Liability One-Person Company

This legal entity is exclusively for companies of a single shareholder. This is especially focused on professionals acting on their own.

Foreign company branch

A foreign company can establish one of its branches in the country. This process is easier than formatting a new LLC but has fewer benefits when compared.

Joint Stock Company

This kind of legal entity is one of the most regulated in the Kingdom. However, foreign companies can participate in government contracts and are exempt from customs duties in particular areas.
PROPER BUSINESS WORKING

Types of
Business License in Saudi Arabia

The MISA supervises setting up a company in Saudi Arabia. This institution allows five different types of business to operate inside the country. Even though we described them before, we will explore more in-depth what is the benefit of each one. We recommend you to know the kind of company you want to open because this can affect substantially your business’ performance.

First, there are the LLCs or Limited Liability Companies. With a maximum of 50 shareholders, only one person can open the business. Also, it protects the shareholders from the company’s debt. This happens because the liability is limited to the company’s capital. And the LLC has the capacity to sponsor workers for residency in the country.

Then we have the Joint Stock Company. The capital of this kind of business is divided into equal shares. Investors take a bigger role in decision-making along with the board of executives. We recommend this type of firm if your project requires huge amounts of money to initiate.

On the other hand, a Limited Liability Partnership (LLPs) sets a limit to each partners’ liabilities to the amount of their contribution. Generally, law and accounting firms aim to get this kind of business license. It works well for those firms because spreading the risks among partners facilitates a long-term structure.

Lastly, Joint Ventures are temporary businesses in which two or more participants work together to fulfill a goal. They reach an agreement to provide enough resources that guarantee the project implementation. Nonetheless, each party takes responsibility for all costs and profits generated by the task.

Office Space
No currency exchange restrictions
International exposure
Best Location
Business Setup in Saudi Arabia

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