Your business establishment might be an overwhelming process for you. As your trusted incorporation specialists, we take ultimate responsibility for your business setup and company formation. Our innovative approach has replaced outdated and tedious business setup processes from obtaining a license and business’s successful inception to profitable operations.
Business Setup In Saudi Arabia (KSA)
Streamline Your Business Setup in Saudi Arabia with Our Comprehensive Services
Al Taasis specialises in company formation with extensive experience across the UAE and the Saudi markets.
Benefits of setting up Business in Saudi Arabia!
Saudi business landscape supports foreign investments . The Kingdom offers:
- Ease of doing business
- 100% foreign ownership of business
- Regulatory and financial incentives
- Fast and streamlined processes
Now is the right time to expand your successful business to the Kingdom!
Business setup processes and dealing with government departments might be overwhelming. As your trusted incorporation specialists, we take ultimate responsibility for your business setup and company formation in Saudi Arabia.
Read our blog to understand Why is Saudi Arabia the Next Hotspot for Business and Investment?
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Step-by-Step Process for Setting Up Business in Saudi Arabia (KSA)
Our consultants take you through the complete business setup process and provide you with up-to-date information so you can start your business compliantly in Saudi Arabia.
- Partner with Al Taasis to get a free consultation.
- Decide on your legal business structure.
- Select your business activities.
- Choose a unique name for your business.
Documents Required for Pre-Setup Stage in Saudi Arabia
Prepare the following documents for notarisation and legalisation of your parent company’s documents in Saudi Arabia.
- Parent Company’s Memorandum & Articles of Association
- Business License
- Certificate of Incorporation
- Board Resolution
- Power of Attorney
Business Incorporation Stage
- Obtain an investment license from the Ministry of Investment Saudi Arabia (MISA).
- Get the Articles of Association notarised.
- Get your Commercial Registration issued.
- Register your company’s National Address.
- Register with government departments for taxation, insurance and hiring employees.
- Open your corporate bank account.
Documents Required for Company Setup in Saudi Arabia
- Investment License Application Form
- Notarised Board Resolution with Partners’ Names and Shares of each Partner’s Capital
- Audited Financial Statements for the last full year
- Articles of Association
- Passport Copies of the Shareholders
- Proof of ID and Proof of Address of Directors and Shareholders
- Attested Copy of the Power of Attorney
Our Extended Services
Corporate Setup in Saudi Arabia
We provide expert guidance on the legal and administrative requirements for setting up a company and support running a successful business.
We assist with the incorporation process, registration with government departments for taxes, social insurance and employee recruitment and obtaining necessary licenses and permits. Our experienced business professionals and industry experts will guide you through the process, ensuring that all the required steps are completed correctly and efficiently.
Understand the step-by-step post-incorporation process in Saudi Arabia.
There are various business structures available in Saudi Arabia. We know the advantages and disadvantages of each legal structure and we guide you well according to your specific business activity.
Understand the difference between a branch and a subsidiary.
Al Taasis provides a wide range of services to help you establish the right business structure and grow your business in Saudi Arabia in your desired jurisdiction.
We Ignite Growth and Sustain Trust
What We Offer
We will assist you in registering your business with the relevant government entities and obtaining the necessary licenses and permits.
We will ensure that your company follows all relevant laws and regulations, including labour laws, health and safety regulations, and environmental regulations.
We will assist you in registering for taxes and ensure that your business complies with all tax laws and regulations.
Visa and Work Permit Assistance
We will help you obtain your employees' necessary visas and work permits. We also offer employee management services to handle your staff recruitment and help you with Saudization requirements.
We assist you with opening your corporate bank account in Saudi Arabia. We support your business interests by choosing the bank with the best facilities at low tariffs and competitive fee charges, with high-quality reporting, transparency, and customer service. We have close tie-ups and relations with leading banks in Saudi Arabia.
We provide ongoing support to help ensure the smooth operations of your company. With our unwavering support, your company will grow fast.
Setting Up Business in Saudi Arabia: All You Need to Know
Please get in touch with us for more details about our packages or how we can create a custom package for you.
- The Ministry of Commerce and Industry (MCI)
- The Ministry of Investment Saudi Arabia (MISA)
Different types of business structures are available with their advantages, requirements, and differing scope of business activities and registration requirements:
- Limited Liability Company (LLC)
- Limited Liability One-person Company
- Joint Stock Company
- Foreign Company Branch
- Solidarity professional company
No local sponsor is necessary to register a business with the MISA. As such, there are no legal disadvantages compared to other local companies.
Branch offices can engage in commercial activity within the scope of the license and require a minimum capital investment of $133,100 (500,000 Riyals).
- Trade license/Commercial Registration
- Articles of Association (AoA) and/or Memorandum of Association (MoA)
- Audited financial statement of the last year
Further documentation can be requested subject to the formation structure.
According to the Ministry of Investment (MISA), the minimum capital required to practice wholesale and retail trade activity for foreign companies with 100% ownership is (30) million Saudi Riyals.
Limited liability companies (LLC) require a minimum capital investment of around $133,100 (SAR 500,000)
Limited Liability Company (LLC) can have one shareholder and is limited to a cap of 50 shareholders.
A minimum of two shareholders are required for a Saudi Joint Stock company, and the minimum capital requirement is SR500,000 or SR5,000,000 (in the case of a single shareholder).
There are 4 Economic Cities, 5 Special Economic Zone and 36 Industrial Cities in Saudi Arabia. All these offer flexible regulations and incentives to foreign investors depending on the business license and type of activity.