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Business setup in Saudi Arabia

Setting up a business in Saudi Arabia can be a complex process, especially for foreigners. Business setup in Saudi Arabia Consultant can provide valuable assistance in navigating the country's legal, regulatory, and cultural landscape. These consultants can help with company registration, licensing, visa processing, tax advice, and more.

Business Setup in Saudi Arabia

Types of companies/ Licences

The Saudi Arabian government offers nine types of business licenses to foreign companies and individuals. Each license allows for specific business activities,and a General Trading License allows for trading in up to 3 permitted business activities.
  • Service license
  • Industrial license
  • Real Estate license
  • Trading license
  • Entrepreneurial license
  • Mining license
business setup consultants in Saudi Arabia

OUR BUSINESS SETUP SERVICES IN SAUDI ARABIA

TASC is the right partner for a company set up in Saudi Arabia. We offer a comprehensive suite of services for company formation in Saudi Arabia. We help increase your business efficiency while lowering costs at the same time. Our services include:
  • COMPANY SETUP IN SAUDI ARABIA WITH AN ADVISORY TEAM
  • LIAISON WITH SAUDI-GOVERNMENT AUTHORITIES.
  • PPROVALS FROM HEALTH AND MUNICIPAL AUTHORITIES
  • VISA/ IQAMA, ADMINISTRATIVE AND TRADE LICENSE MANAGEMENT
  • STAFFING, ACCOUNTING, AND LEGAL SERVICES
  • A TEAM OF 30 ON-GROUND SUPPORT SPECIALISTS
  • END-TO-END BUSINESS SETUP SUPPORT
Business setup in Saudi Arabia

Expand & Succeed in Saudi Arabia

Branches the Saudi opportunity with the only tech solution to handle your expansion needs. We’re ready to work sorting your license to do business in Saudi Arabia, in full regulatory compliance.

Our AI-Powered SaaS Platform Automates:

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Business setup in Saudi Arabia

Setting up a business in Saudi Arabia

It's crucial to conduct thorough research and seek professional advice to ensure compliance with local laws and regulations when setting up a business in Saudi Arabia. Setting up a business in Saudi Arabia involves several steps and considerations. Here are some key points and services you might need:

Business Structure:

Decide on the type of business entity you want to establish (e.g., LLC, Joint Stock Company, Branch of a Foreign Company).

Legal Requirements:

Understand the legal requirements and regulations for your chosen business structure. This includes licensing, permits, and approvals from authorities such as the Saudi Arabian General Investment Authority (SAGIA) or Ministry of Commerce.

Local Sponsorship:

Depending on the business structure, you may need a local sponsor or partner who is a Saudi national or a company owned by Saudi nationals. Office Space: Arrange for office space or a commercial address as per the legal requirements.

Consultancy Services:

Consider hiring consultancy services that specialize in business setup in Saudi Arabia. They can provide guidance on the legal and procedural requirements, help with documentation, and liaise with local authorities on your behalf.

Bank Account:

Open a corporate bank account in a local bank.

Taxation:

Understand the tax obligations and implications for your business in Saudi Arabia.

Visas and Work Permits:

Arrange visas and work permits for expatriate staff, if applicable.

Corporate Services:

Branches firms offer comprehensive corporate services that include legal advice, document processing, translation services, and ongoing compliance support.

Cultural and Business Etiquette:

Familiarize yourself with the cultural norms and business etiquette in Saudi Arabia, as these can significantly impact business operations and relationships.

Business setup in Saudi Arabia

REASONS WHY COMPANY REGISTRATION IN SAUDI ARABIA

Registering a company in Saudi Arabia

Registering a company in Saudi Arabia can offer various benefits and opportunities. Here are four reasons why company registration in Saudi Arabia can be advantageous

Strategic Location:

Saudi Arabia is strategically located at the crossroads of Europe, Asia, and Africa, making it an ideal location for businesses looking to access markets in these regions. The country's proximity to major global markets can facilitate trade and business expansion opportunities.

Stable Economy:

Saudi Arabia has a stable and growing economy supported by its vast oil reserves, government investments in infrastructure and diversification efforts. The country offers a business-friendly environment with various incentives for foreign investors, such as tax exemptions, incentives for specific industries, and access to government contracts.

Growing Market:

Saudi Arabia has a large consumer market with a young and tech-savvy population. The country's Vision 2030 initiative aims to diversify the economy and reduce dependence on oil, creating opportunities for businesses in various sectors such as technology, healthcare, tourism, and entertainment.

Business setup in Saudi Arabia
Business setup in Saudi Arabia

Steps for Company Registration in Saudi Arabia

Determine a Business Activity

Choose a business activity that aligns with your interests and skills

- Research the market to ensure there is a demand for your product or service.

Choose a Company Structure

- Decide whether you want to establish a sole proprietorship, partnership, or corporation
- Consider the legal implications and tax requirements associated with each structure.

Reserve a Company Name

- Select a unique and appropriate name for your company
- Check with the Saudi Arabian General Investment Authority (SAGIA) to ensure the name is available.

Obtain a Commercial Registration Certificate

- Apply for a commercial registration certificate
- Provide all necessary documentation, including proof of identity and business activities.

Register with the Ministry of Commerce and Investment

- Complete the registration process with the Ministry of Commerce and Investment
- Pay any required fees and obtain your registration certificate.

Apply for a Tax Registration Number

- Register with the General Authority of Zakat and Tax (GAZT) to obtain a tax registration number - Comply with all tax laws and regulations to avoid penalties.

Open a Bank Account


- Choose a local bank to open a business account
- Maintain accurate financial records and comply with banking regulations.

Business setup in Saudi Arabia

By following these steps, you can successfully register your company in Saudi Arabia and start your journey as a business owner in the kingdom.

Ease of Doing Business: In recent years, Saudi Arabia has implemented various reforms to improve its business environment and attract foreign investment. These reforms include initiatives to streamline company registration processes, enhance investor protections, and promote entrepreneurship. The country's efforts to digitize government services have also made it easier for businesses to operate there.

Overall, registering a company in Saudi Arabia can provide businesses with access to a strategic location, a stable economy, a growing market, and an improved business environment, making it an attractive destination for entrepreneurs and investors looking to expand their operations in the region.

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What are the benefits of an RHQ?

Saudi government offers perks for RHQ setup, including:

 tax-efficent Country

No visa limitations

Spousal work permits

How can I maintain regulatory compliance? To qualify:

Start within 6 months of getting the license.

Have at least 15 full-time employees, including 3 top executives, after a year.

The RHQ must not generate revenue.

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