Saudi Arabia aims to be one of the 15 largest economies in the world by 2030. The Kingdom has launched a smart roadmap to accelerate economic diversification and transform into a global investment hub. Saudi Arabia is the perfect platform for business expansion with guaranteed growth if you want to expand to a buoyant market.

Al Taasis, Your Trusted Saudi Business Hub

We are fast-paced, seasoned, and innovative!

Al Taasis is well-informed about the Saudi market and business landscape with a depth of expertise. We partner with SMEs and corporates across more than 15 Saudi sectors to help them achieve their business goals. Al Taasis provides comprehensive services to access capital, clients, partners, and growth opportunities.

The prior knowledge of the Saudi market will simplify your expansion. We will take you through ten frequently asked questions about setting up a business in Saudi Arabia.

Ten Frequently Asked Questions about Saudi Business Setup

1.Can a foreigner get 100% ownership of his business in Saudi Arabia?

The Kingdom allows foreign investors to own their businesses fully in most sectors.

2.Which language is acceptable by Saudi government departments for incorporation documents?

The official language of Saudi Arabia is Arabic. Therefore, you must translate all legal documents into the Arabic language.

3.Which government entity is responsible for business setup for foreigners in Saudi Arabia?

The Ministry of Investment Saudi Arabia (MISA), formerly known as SAGIA, is a one-stop shop for foreign investors. Obtaining the MISA Investment License is the first and foremost requirement for company formation. Understand the step-by-step process to get MISA license.

4. Which legal structures are available in Saudi Arabia?

• Limited Liability Company
• Limited Liability One-person Company
• Joint Stock Company
• Foreign Company Branch
• Solidarity Professional Company

Know more about business setup types in Saudi Arabia.

5.What are the main incorporation stages in Saudi Arabia?

1. MISA Investment License
2. Documentation of Memorandum/Articles of Association
3. Commercial Registration
4. Registration with Government Departments
5. General Manager’s Visa
6. Corporate Bank Account

6.Does the Kingdom offer incentives to foreign investors?

The Kingdom offers plenty of lucrative incentives and assistance to facilitate foreign investment in the Kingdom. Learn more.

7.What is Saudization?

Saudization or Nitaqat is a programme by the government to support Saudi nationals with employment. Foreign businesses must hire Saudi employees per their entity size and business activities. Learn more.

8.Are there any free zones in Saudi Arabia?

Saudi Economic cities, Industrial Cities and Special Economic Zones offer flexible regulations, incentives and support to foreign investors. Learn more.

9.What were the top five business activities in Saudi Arabia in 2022?

1. Construction
2. Wholesale and Retail Trade
3. Manufacturing
4. Professional, Scientific and Technical Activities
5. Information and Communication

10. Can a foreigner open a new company in Saudi Arabia?

A foreigner can only set up a subsidiary or a branch of his existing company in Saudi Arabia. To learn more about Saudi business setup, click here: FAQs by Al Taasis

Al Taasis is Your Forever Business Partner.

We are committed to setting up your business in Saudi Arabia and providing comprehensive services to ensure your continued growth.

Your business setup is one click away!

Contact us to know more about the prerequisites of your business journey.