Saudi Arabia Company Formation & Business Setup
Looking for assistance with Saudi Arabia Company Formation & Business Setup? Get in touch with us today.
We can help you with Saudi Arabia Company Formation & Business Setup. Contact the team at CSP Group today.
Contact UsThere are various routes you can take for company formation in Saudi Arabia. The most suitable option for you will depend on your living arrangements and the type of business that you run. While there are many options, here are some of the most popular for a company set up in Saudi Arabia.
- Limited Liability Company (LLC)
- Branch office of foreign company
- Joint Stock Company (JSC)
- Partnership
1. Company formation Saudi Arabia requirements
To set up a company in Saudi Arabia, you will need to ensure that you have completed the relevant documents. This will help to speed up the process of opening the business.
You will need the following:
Company trade license – obtained from the Chamber of Commerce and Industry
Memorandum and Articles of Association
Power of Attorney information
Director(s) and Shareholder(s) passports
Director(s) and Shareholder(s) signatures
In addition to setting up the company, you will need to obtain the correct Saudi Arabia visa. For expatriates, the iqama Saudi Arabia residency permit is a suitable option. This allows you to live and conduct business activities within the country.
In addition to the visa permit, you will need to obtain an investment license from the Ministry of Investment Saudi Arabia. A MISA license allows you to set up a business without the need for a sponsor in the mainland. You should also apply for the business registration certificate from the Ministry of Commerce and Industry.
2. How long does it take for company set up Saudi Arabia?
The timescale for a company set-up varies based on the licence and company type. It can typically take up to three months. However, our experts can use the feasibility assessment to identify the right options for your business. Once we know this information, we can provide you with a more accurate timescale.What are the benefits of a company set up in Saudi Arabia?
- 100% foreign ownership
- Low tax rates and some VAT exemptions
- Largest economy in the Middle East
- Vision 2030 benefits for businesses
3. Why start a business in Saudi Arabia?
There are many reasons why you might choose to start a business in Saudi Arabia.
- Tax benefits
- Great business environment
- Innovative business and job opportunities
- Positive economy with business support
Saudi Arabia is a great location to live and work. The country offers a great standard of living as well as security for you and your family. We’ll support you with the entire process of a company set-up in Saudi Arabia.
4. How CSP Group Can Assist
At CSP Group, we’re passionate about supporting you with your Saudi Arabia company formation. We work closely with business owners and start-ups to determine the most appropriate business structure and practices. Get in touch with us for a hassle-free company set-up in Saudi Arabia. We can support you with all PRO services in Saudi Arabia.
FAQs
Which business activities are restricted to foreigners?
- Defence and military equipment manufacturing, including uniforms and related devices
- Security Services and Investigation Agencies
- Brokerage companies in Real Estate
- Drilling and Exploration of Oil and Gas
- Fishery Business
- Real Estate Investment in Medinah and Makkah
- Printing and Publication Business
What is the cost of setting up a Saudi company?
The cost of setting up your company in Saudi Arabia will vary based on a number of factors. Our company formation experts will create a tailored plan for your business requirements. Get in touch with us for a complimentary consultation and a quote.