COMPANY FORMATION IN SAUDI ARABIA

Why should you register your business in Saudi Arabia?

Company formation in Saudi Arabia

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    REQUIREMENT TO OPEN A COMPANY

    • Minimum 2 Shareholders (any nationality)
    • 1 Director (any nationality)
    • Minimum Issued Share Capital of SAR 5,00,000
    • Registered Office Address
    • Resident Company Secretary

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    OUR SERVICES

    Company Formation 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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    ADVANTAGES OF COMPANY FORMATION IN 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. Industrial companies in Saudi Arabia have an added advantage.

    • Six economic cities have been established by the government in different parts of the country to promote foreign investment

    • Foreign companies can negotiate working in the country without a local partner

    • The business friendly government provides labor saving equipment and staff training services

    • It’s one of the worlds main trading nations