Foreign investors can enter the Saudi market only by establishing a branch of their pre-existing companies, or they can undergo sponsorship from the GCC or Saudi Arabia.
Yes, it has to belong to the same legal entity mentioned above (a branch of a foreign company). In order to obtain an industrial license it is required to lease the land or warehouse to meet business requirements. Industrial licensing also requires additional approval from the municipality, civil defense, police, etc. Our team deals with all government procedures of the Investment Authority on your behalf.
The first condition for obtaining an industrial license in Saudi Arabia is that the investor must have owned an already existing industrial activity for at least a year.
After obtaining an industrial license for more than one year, the investor must register the industrial license at the Ministry of economy after the necessary approval from the Saudi Investment Authority.
After registration with the Ministry of economy, the investor has the opportunity to choose the appropriate location for the construction of his plant, be it land or warehouse. This process requires several approvals, from the municipality, Civil Defense and the police to ensure the manufacturing process of the products.
The investor can import raw materials for the industry from outside the kingdom after obtaining approval from the Ministry of economy, or he can buy raw materials from the local market. Once the finished product is ready, it can be started to be distributed in the Saudi market through local distributors.
20% of the factory's workforce must be Saudi nationals. This rule also applies to other activities.
Our team of experts is committed to fully support you in all steps of establishing your business and business activities in the kingdom of Saudi Arabia.
Yeah. Our team can provide you with many options to fulfill this requirement. You can have a virtual office, a physical office or a business center, as well as a number of solutions to be able to fully establish your company according to your requirements. We also provide you with a P. O. Box number in order to fulfill the conditions for opening a bank account.
There are restrictions on certain business activities of foreigners. These activities include consulting (except for some management consulting activities) medical fields, military and recruitment activities, oil exploration and drilling, and real estate investment in both Makkah and Madinah.
Obtaining approval will take 10-15 working days from the day all the required documents are attached.
All documents listed below must be translated into Arabic and certified by the Ministry of foreign affairs and the Saudi consulate.
Company registration certificate (license)
Memorandum of association
Review report of the year
A copy of the shareholders ' passport and their identity document
Board of directors disclosure
Copy of the manager's passport
A power of attorney for Tubbs in the kingdom of Saudi Arabia
The cost of setting up a company in Saudi Arabia varies according to the type of license, shareholding structure and business activities. For a free consultation on the establishment of companies in Saudi Arabia, contact us by e-mail at info@tabs-sa.com or call 966568849250 and our team will guide you on the costs and all solutions, procedures and investment standards in the kingdom
Provide legal advice and answer all inquiries during incorporation.
Choose the correct legal form and business activity that is compatible with your type of company.
Writing and notarizing the memorandum of association.
Provide a local address as well as a P. O. Box number.
Document the documents and submit them to the General Authority for investment to obtain the final license.
Pay the fees to get the final business license.
Issue a certificate of commercial registration.
Issuing a Chamber of Commerce certificate.
Registration of the company in the Ministry of Labor.
Registration of the company with the tax authority (Zakat).
Registration of social insurance of the company (GOSI).
Assistance in opening a bank account in Saudi banks.
Investors can obtain an investment license and establish a company in Saudi Arabia provided that they have already owned an existing company for more than one year elsewhere.
The Saudi Arabian General Investment Authority (SAGIA) provides a range of legal forms for companies in Saudi Arabia from which investors can choose. The legal forms in Saudi Arabia are:
The structure of the company and the requirements for paid-in capital will vary depending on the business and legal form
To establish a commercial company in Saudi Arabia, an investor must own at least SAR 30 million in a Saudi bank in order to invest in the business. In addition, the investor must prove that he owns three different branches in three areas of his business activity
The legal form is a limited liability company. The regulations require that the name of the local partner be mentioned in the license as a 100% shareholder and the actual investor as a director. As soon as the investor becomes a resident of the kingdom after stamping his residence visa on the passport, he will receive the full business management benefit including bank transactions. The rights of investors can be protected by a side agreement confirming that the company is owned by the foreign investor, while the domestic partner acts as a service provider with an annual fee
In this case, you can create a representative office. The representative office allows you to conduct your business through a distributor in the kingdom of Saudi Arabia or the UAE. Business Road Foundation provides you with distribution services.
Yes, it is possible
If you have a business license that includes two or more foreign companies, or a business license for foreign companies with a Saudi citizen or a national company in the GCC countries
If the number of employees in the company is less than 5, then you can pay by cash or bank check.
If the number of employees in the company is more than 5, you can pay by bank transfer from the company's account to the employees ' account to be reflected in the WPS portal (labor protection system)
Office rent, as well as transportation costs.
Employee benefits are determined by the letter of offer and the labor code.
Social insurance for each employee per month: 21.5% for Saudi employees and 2% for non-Saudi employees.
VAT is paid quarterly if the company is registered. For more information, you can visit the website of the General Authority of Zakat and taxes.
Company tax: 20% of the company's net profit at the end of the year.
License renewal costs.
Tarik Alamal Alalmia works to provide company formation services, focusing on meeting our clients' needs efficiently and professionally. We also offer innovative marketing strategies to help businesses reach their target audience, increase brand awareness, and deliver high-quality services that exceed customer expectations, while maintaining clear and honest communication with our clients.
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