Setup in KSA
Setting Up Business in Saudi Arabia (KSA)
Pre-Setup Guide
-Partner with us to get a free consultation.
-Decide on your legal business structure.
-Select your business activities.
-Choose a unique name for your business.
Required Documents
The below documents for notarisation and legalisation are required
-Parent Company’s Business License
-Memorandum & Articles of Association
-Certificate of Incorporation
-Board Resolution
-Power of Attorney
Business Incorporation Stage
-Obtain your investment license from the Ministry of Investment Saudi Arabia (MISA)
-Get your Articles of Association notarised
-Get your Commercial Registration
-Register for your organizations National Address.
-Register for Chamber of Commerce certificate, taxation, insurance and hiring employees.
-Have your corporate bank account opened
Documents Required for Company Setup in Saudi Arabia
- Investment License Application Form
- Notarised Board Resolution with Partners’ Names and Shares of each Partner’s Capital
- Audited Financial Statements for the last full year
- Articles of Association
- Passport Copies of the Shareholders
- Proof of ID and Proof of Address of Directors and Shareholders
- Attested Copy of the Power of Attorney
Important facts:
Cost
We provide our flexible packages which will cate your needs and within your budget. Gte in touch with us to create a custom package for you
Corporate Tax/ Zakat
The corporate tax for foreign investors is 20% annually of the net profit. The corporate tax (Zakat) for GCC nationals is 2.5% of the net profit annually.
Saudi Ministries that are responsible for set-up
-MISA – The Ministry of Investment Saudi Arabia (MISA)
-MCI – The Ministry of Commerce and Industry
Combining the activities for your businesse
If the activities are from the same category and under the same license type, you can combine. If they fall under two types, you can’t combine them
Time-frame
For setting up your foreign company or LLC branch takes around three to six months depending on your documentation clearances
Structures available for foreigners
Below are the different structures available having advantages and different business activities:
-Limited Liability Company (LLC)
-Limited Liability One-person Company
-Joint Stock Company
-Foreign Company Branch
-Solidarity professional company
Local Sponsor
No Local sponsor is required to register your business with MISA
Requirements for Branch Office
Branch offices can engage in commercial activity within the scope of the license and require a minimum capital investment. Somewhere around SR 500,000.
Documents required for a branch office in Saudi Arabia
-Trade license/Commercial Registration
-Articles of Association (AOA) and/or Memorandum of Association (MOA)
-Audited financial statement of the last year
-There can be additional documents required.
Free Zones available
There are 4 Economic Cities, 5 Special Economic Zone and 36 Industrial Cities in Saudi Arabia. All these offer flexible regulations and incentives to foreign investors depending on the business license and type of activity.
Saudization
This is a national localisation programme called the Nitaqat Program. The percentage varies from Industry to Industry
Wages Protection System (WPS)
The Ministry of Human resources & Social Development introduced a Program in the year 2013 which allows all the establishments, private sectors etc to submit the wages files of their workers. This programme monitors compliance rates, Violations and addresses all types of justifications for the employees benefit.
Types of Wages
-Daily-paid workers receive their wages weekly.
-Monthly-paid workers receive their wages monthly.
-Employees receive weekly payments proportional to the completed portion for piecework lasting over two weeks, with the remaining balance paid in full the following week.
-In all other cases, wages are paid to workers at least once a week.
GOSI
The General Organization for Social Insurance (GOSI) is a government entity responsible for enforcing the Social Insurance Law in Saudi Arabia. GOSI collects employer contributions, ensures legal social insurance coverage, and disburses benefits to insured individuals and their dependents.
Get Started
Join the ranks of successful businesses that have chosen SLA for their business setup and growth needs.
Your success story begins here.
Head Office Riyadh – KSA
Phone Number : +966 112291125
Phone Number :+966 53 921 4049
Email : vinod@soundlinesgroup.com
Location : #204, 2nd Floor, Al Malaz, Above Jarir Book store, Al Hamidat Street, P.O Box. 275310, Pin Code 11314, Head Office Riyadh – KSA
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