Starting a business in Saudi Arabia is considered one of the best choices for starting up. Here are some factors that make Saudi Arabia very attractive for businesses.

Setting Up a Company in Saudi Arabia: Key Questions

Can a foreigner open a company in Saudi Arabia with 100% ownership?

Yes, a foreigner or non-resident can open a business in Saudi Arabia with 100% ownership! The Saudi Ministry of Investment is the responsible government body that issues commercial licenses to foreign investors.

How long does the whole licensing process take?

It may take up to 30 days or even more depending on the type of business, required documents, and process time from relevant authorities.

What type of companies are available to foreigners?

There are various types of companies, such as LLCs and Joint Stock Companies, all with different advantages and requirements for registration.

At what rate does Saudi Arabia tax corporate foreign-owned companies?

Foreign companies operating in the Kingdom are required to pay an annual corporate tax of 20 percent on their net profit.

How long will it take to obtain a commercial registration?

It takes anywhere between 7 - 15 business days for the commercial registration to be issued. It serves as both, the certificate of incorporation and its local business license.

Does Saudi have free zones for companies?

Yes, there are 4 economic cities, 5 special economic zones, and 36 industrial cities in Saudi Arabia, all offering highly flexible business regulations and incentives for foreign investors.

How much may it cost to establish a business in the State of Saudi Arabia?

The cost will vary considering the type of business activities, shareholders, requirements of office space, etc., and for more detailed information and available options, please contact us.

Which documents are required for the issuance of the commercial license in Saudi Arabia?

Requirements vary depending on the type of company and license.

For example, if you intend to open a foreign branch in Saudi Arabia, key documents would typically include: formation / incorporation documents of the parent company, audited financial statements for the last year, a board resolution, or operating agreement all of which bearing an apostille from relevant authorities. 

How safe is Saudi Arabia for residents and businesses?

Saudi Arabia is among those countries with the lowest crime rates in the world, having excellent records for normal living standards that make it an ideal place to consider not only for residence but also for business.

Do I need to travel to Saudi Arabia in order to start my company?

Typically, the manager will have to be present in Saudi Arabia in order to complete the issuance of the residency permit, which is generally considered a prerequisite.

Can HFA help me with the investor visa for Saudi Arabia?

Yes, we assist in getting a work visa upon incorporation of your company in Saudi Arabia.

Why HFA

Choose HFA as your trusted partner for establishing businesses in Saudi Arabia and benefit from our international experience in establishing companies and adhering to the highest standards. We deal directly with service providers from the state directly and do not deal with intermediaries. We have contracts in Saudi Arabia with the Ministry of Investment, contracts with “IFSA” and “Amer” in the United Arab Emirates, in addition to the federal government of the United States of America. To date, we have established more than 400 companies around the world during the past three years. The excellent customer support we provide makes us the preferred choice for entrepreneurs around the world. We provide customized solutions and personalized services for you and your company, and our proven track record of success and experience helps you take your business to the next level in the huge market of the Kingdom of Saudi Arabia.

 

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