fbpx

Saudi Arabia Business Setup

    Get In Touch
    Full name
    Phone number
    Email address
    Message

      Get In Touch
      Full name
      Phone number
      Email address
      Message

      Unlock Business Opportunities in Saudi Arabia

      Exploring a Thriving and Diversified Economy with Investor-Friendly Policies

      Saudi Arabia has emerged as a vibrant destination to start a business. The country is home to enormous natural resources like oil and fuels, which have driven its economy for many years. In addition, it also houses robust industries in machinery, dairy products, and pharmaceuticals which makes for a vast and diverse economy. 

      Further enhancing Saudi Arabia’s business landscape are policies that open the economy to investments and new businesses, some of which are listed below. These make the Kingdom of Saudi Arabia the ideal place for investors in the Middle East.

      Advantages of Setting Up in KSA

      Foreign companies can benefit from the many incentives Saudi Arabia offers businesses.

      A Business-Friendly
      Environment

      Saudi Arabia’s New Companies Law expands company types and improves LLCs’ financing. Monsha’at supports SMEs with incubators, accelerators, loans, and co-working spaces.

      Tax
      Incentives

      Saudi Arabia offers tax benefits with a 20% corporate tax rate and no personal income taxes. The standard VAT is 15%, with exemptions for exports and non-GCC services.

      Growing
      Diversification

      Saudi Arabia’s Vision 2023 aims for economic diversity, with non-oil sectors at 58.9% GDP. The kingdom supports SMEs and expands tourism, transport, and entertainment.

      An Ideal Standard
      of Living

      Saudi Arabia, the safest G20 nation in 2020, offers a high standard of living, low crime, and reasonable costs. It’s ideal for setting up a company for both GCC residents and foreigners.

      Cost of Establishing Your Company in Saudi Arabia

      Exploring a Thriving and Diversified Economy
      with Investor-Friendly Policies

      The cost to start a business in Saudi Arabia varies based on several factors, including whether you are a GCC national or a foreign national. Additional considerations include the specific business activities, the number of shareholders involved, and the office space requirements. Understanding these variables can help you better estimate your overall business setup costs in Saudi Arabia. For a detailed estimate and personalized assistance, contact our experienced business setup advisor now!

      Easy Payment Options

      Transform your purchase into 12 convenient, interest-free instalments with any UAE bank credit cards.

      Setup your new company
      Business Setup Services Dubai
      General trading license cost in UAE
      General trading license cost in UAE
      Or opt for flexible payment with tabby logo - Ksa Business using any UAE bank card
      Setup your new company
      Business Setup Services Dubai
      General trading license cost in UAE
      General trading license cost in UAE

      Types of Companies Recognized by the Kingdom of Saudi Arabia

      Explore the Different Business Structures Available in Saudi Arabia

      Discover the various business structures in Saudi Arabia: Joint Liability Companies, Limited Partnership Companies, Joint Stock Companies, Simple Joint Stock Companies, and Limited Liability Companies (LLCs). Each offers unique benefits and legal frameworks.

      Joint Liability
      Company

      A joint liability company, or general partnership, is a simple entity in Saudi Arabia where two or more people share equal liability for the firm’s obligations.

      Limited Partnership Company

      In this company type, general partners have unlimited liability and manage the business, while limited partners’ liability is limited to their investment and they only invest.

      Joint Stock
      Company

      Joint stock companies, owned by shareholders who buy and sell shares, provide steady funding.

      Simple Joint
      Stock Company

      Simple Joint Stock Companies cater to startups, allowing single-person setup, flexible boards, director pay, and various share classes.

      Limited Liability
      Company (LLC)

      An LLC is a common business type that limits owners’ liability to their share capital, protecting personal assets.

      Customized Job Descriptions

      Advertising & Promotions

      Screening and Interviewing

      Salary Negotiation

      Employment Contracts

      Candidate Onboarding

      Candidate-Client Coordination

      Requirement for Obtaining a Business License in Saudi Arabia

      Saudi business formation needs specific documents in Arabic.

      The business formation requirements in Saudi Arabia may depend on the nature of the company, but the following documents are best to prepare and must be submitted in Arabic.

      Parent Company’s Memorandum & Articles of Association

      Attested Financial Statement for the Last Full Year

      Business License/ Trade License

      Certificate of
      Incorporation

      Board
      Resolution

      Power of
      Attorney

      Advantages of Setting Up in KSA

      Foreign companies can benefit from the many incentives Saudi Arabia offers businesses.

      Connect with our team

      Connect with our sales experts to start your business in dubai.