Company Formation in Saudi Arabia

  • Why Incorporate a Company in Saudi Arabia?

    Saudi Arabia is one of the most powerful and competitive countries of the Middle East with the most investment potential. Its economy relies heavily on oil and one-fifth of the petroleum reserves in the word are located here. Six economic cities have been established by the government in different parts of the country to promote foreign investment. Industrial companies in Saudi Arabia have an added advantage.

  • Procedure to Incorporate a Company in Saudi Arabia

    • Reserving a company name with the Ministry of Commerce and Industry
    • Submitting an application to the Saudi Arabian General Investment Authority (SAGIA) and obtaining an investment license
    • Obtaining approval from the Companies Department at the Ministry of Commerce and Industry after submitting the Article of Association and the company name
    • Notarizing the Articles of Association with a public Notary
    • Publication of company name and a summary of the Articles of Association in the official gazette
    • Opening of Bank Account and transferring the share capital
    • Obtaining a Business Location License from the Municipality and registering with the Post Office
    • Submission of the approved documents to the commercial registry and obtaining a Certificate of Registration from the Chamber of Commerce
    • Making the company seal
    • Designating Companies Signatories and paying the Chamber of Commerce membership fees
    • Registering with the Ministry of Labour
    • Registering with the General Organisation of Social Insurance
    • Registering with the Department of Zakat (Islamic tax) and Income Tax for obtaining a File number
  • Requirements for Business Setup in Saudi Arabia

    Basic Requirements
    • Minimum 2 Shareholders (any nationality)
    • 1 Director (any nationality)
    • Minimum Issued Share Capital of SAR 5,00,000
    • Registered Office Address
    • Resident Company Secretary
    Documents Required
    • Completed Investment License Application Form
    • Notarized copy of Company’s Board resolution enclosing the partner’s names, percentage of each partner’s capital
    • contribution, activity and general manager appointment
    • Attestation of the details by the KSA Embassy in the foreign investor’s country
    • Audited Financial Statements of the past 3 years
    • Certificate of Incorporation of the company attested by the KSA Embassy in the foreign investor’s country
    • Copies of the Articles of Association of the company attested by the KSA Embassy in the foreign investor’s country
    • Copies of the passport of the Shareholders
    • Approval from the concerned Ministry of KSA for doing business activity in KSA
    • Attested copy of the Power of Attorney in the name of the consultant approved for finalising the documents
  • Our Services

    • Checking for name availability and reserving the same
    • Preparing and submitting necessary applications for obtaining Investment License
    • Preparing and submitting Articles of Association and the company name to the Ministry of Commerce for obtaining approval
    • Notarizing the Articles of Association
    • Legal publication & others
    • Appointment with local bank for opening of bank account
    • Obtaining the necessary license from the Municipality and registering with the Post office
    • Common Seal of the company
    • Assistance in bank account opening
    • Registering with the Income tax, Zakat and Social Insurance Department
  • Time Period

    It usually takes approximately 21 days for company formation in Saudi Arabia.

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