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Company Registration in Saudi Arabia
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Straightforward Company Formation in Saudi Arabia
“Complex” doesn’t exist in our dictionary. We always try to simplify your business setup process in any of the Gulf countries (Saudi Arabia in this case), ensuring you don’t delay on bringing your dream startup to reality.
Why Saudi Arabia in the first place?
Benefits of company establishment in Saudi Arabia
Choosing Saudi Arabia for business is driven by its dynamic economy, Vision 2030 initiative, robust infrastructure, and diverse market opportunities for sustainable growth and international success.
Some key benefits of company formation in SA includes :
- The Saudi government has implemented reforms like “one-stop shop” centers and simplified documentation for women entrepreneurs. Hence, starting a business is less complex, even if Saudi Arabia is known for Fortune 500 brands.
- Businesses can confidently utilize their assets, such as machinery and equipment, as collateral to secure financing from banks and lenders. This approach offers lenders a safety net in case of defaults, thereby increasing their willingness to provide loans and streamlining the loan acquisition process.
- We don't need to explain how insanely good Saudi Arabia is for investors. So, let's skip…
- The Saudi Vision 2030 includes improvements to simplify importing and exporting by introducing an electronic trade window, online certification platforms, and upgrading port infrastructure to speed up cross-border trade.
- Facing financial difficulties, disasters etc doesn’t have to mean shutting down. The new processes in Saudi Arabia allows businesses to have backup plans for everything, ensuring business continuity and unstoppable growth.
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Saudi Arabia is now projected to be the second-fastest growing economy in 2025. Being the 2nd fastest-growing economic country, Saudi Arabia will be possessing a growing economy that boosts consumer spending and investment, creating a positive environment for businesses to expand and generate higher profits.
Stability in key economic indicators like the inflation rate leads to a more predictable business environment, allowing businesses to plan for the future with greater confidence. - For a simplified and profitable business process.
- Saudi Arabia is considered for having the largest economy in the Middle East for your business to grow.
Procedure of Company Formation in Saudi Arabia
Obtaining MISA License
To establish a 100% foreign-owned company in Saudi Arabia, you must obtain a MISA License (previously SAGIA). Obtaining this license tailored to your industry is crucial for ensuring the lawful operation of your business.
Choose a Business name
Create a unique identity for your company that ensures legal compliance and establishes a robust brand presence. Be sure to follow certain guidelines given by the Ministry.
Prepare the Articles of Association (AoA)
Prepare and submit your Articles of Association. Make sure to check if it’s an official approved to establish their legitimate and authorized status.
Commercial Registration (CR)
To perform commercial business activities, register your company through the required channels for your industry
Register with the Chamber of Commerce (CoC)
Registering with the Chamber of Commerce is essential to establish your company successfully. Also activate the CoC account.
Obtain a company seal
To start a company in KSA, you’ll need a company seal obtained by the authorized signatory, along with specific documents. We can assist with these requirements and also help design and order the seal from a third-party supplier.
Registering with the Ministry of Labor
After that, you need to register with the Ministry of Labor, which is a must. This ensures that your company in Saudi Arabia follows employment laws and regulations.
Register with the General Organization for Social Issuance (GOSI)
Next, you need to register your company with the GOSI which ensures social fulfillment and security for your business in Saudi Arabia.
Enroll for a National address
This ensures all the details of your company, including company location & address, recorded by the government.
Issue a General Manager's Visa
Ensure expedited approval for your General Manager’s residence permit and visa by efficiently handling all essential labor documentation through the Ministry of Labor and Social Development
We provide an efficient and smooth process for visa services. If you want experts to do all the visa services for your company tension-free, do Book A Meeting with us Today!
Register with the Absher portal
This provides you with an array of e-government services for your company in KSA
Register with the Qiwa portal
If you’re an SME, be sure to register with the Qiwa portal for business services designed for SMEs in KSA
You’ll also get to optimize the Ministry of Human Resources & Social Development services, enhancing electronic solutions for the labor sector.
Register with the Zakat, VAT & Corporate Tax
This ones mandatory for the “TAX” side of your company, ensuring your company runs smoothly in Saudi Arabia.
KSA Corporate bank account opening
There’s no question for opening a bank account in the country you wanna setup your business in. You’re required to open a corporate bank account for your company in Saudi Arabia with a trustworthy bank of your choice.
After completing everything above, you’re sure that your company registration in KSA is done!
Documents required to register a company in Saudi Arabia
Commercial Registration (Attested by MOFA and the Saudi Embassy)
Memorandum of Association (MoA) & Articles of Association (Attested by MOFA and the Saudi Embassy)
A letter of intent, a startup brief, and a pitch deck
A support letter from a VC company or a licensed incubator
Types of business entities in KSA
These are the available commercial legal structures for company formation in the Kingdom of Saudi Arabia
- Limited Liability Company (LLC)
- Joint Venture Company
- Joint Stock Company
- Limited Partnership Company
- Foreign Company Branches
- GCC National Company
- Representative Office
SEZ Company Formation in Saudi Arabia
Benefits:
- 100% foreign ownership
- Exemptions from corporate tax and personal income tax.
- Shuwaikh port is close to the international airport and capital city, making it easy for importing goods.
- No duties or customs on imports and exports of goods.
- 0% VAT on goods exchanged within an SEZ and between SEZs
- Zero withholding tax for the repatriation of profits from an SEZ to foreign.
- Super-strong infrastructure ensures business continuity by implementing numerous recovery and backup plans.
Freezone Company Formation in Saudi Arabia
Benefits:
- 100% foreign ownership
- Tax exemptions on corporate income, VAT and import/export duties of goods.
- Easy access to global markets.
- Streamline administrative processes that reduces red tape and expediting the setup and operational phases.
Why choose GCCStartup for Company Formation in KSA?
Our expert team at GCCStartup provides support for every stage of your business, from analyzing opportunities to company formation and ongoing assistance in KSA. We offer extensive capabilities and management advisory services to businesses in various sectors.
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What We Provide
Our services for company formation in Saudi Arabia includes :
- Residency Visa Services
- Accounting & Bookkeeping
- VAT registration in KSA
- Corporate tax registration in KSA
- Corporate bank account opening with a trustworthy bank of your choice