COMPANY FORMATION IN SAUDI ARABIA

Economic Growth: Saudi Arabia has a rapidly growing economy, driven by diversification efforts beyond oil, creating opportunities in various sectors.

Vision 2030: The government's Vision 2030 initiative aims to transform the economy, offering support for new businesses and investments, particularly in tourism, entertainment, and technology.

Tax Incentives: The corporate tax rate is relatively low, and there are no personal income taxes, which can enhance profitability.

Foreign Investment: The country has been opening up to foreign investments, offering 100% foreign ownership in many sectors, making it easier for international businesses to enter the market.

Strategic Location: Saudi Arabia's location at the crossroads of Europe, Asia, and Africa provides a strategic advantage for trade and logistics.

Infrastructure Development: Significant investments in infrastructure, such as transport and logistics, facilitate business operations.

Skilled Workforce: Access to a young and growing workforce, with increasing levels of education and training.

Access to Regional Markets: Being part of the Gulf Cooperation Council (GCC) allows easier access to other markets in the region.

Business-Friendly Environment: The government has implemented reforms to simplify the business registration process and reduce bureaucratic hurdles.

Supportive Ecosystem: Various incubators, accelerators, and business development programs are available to support startups and SMEs.

These factors contribute to an increasingly favorable environment for entrepreneurs and businesses looking to establish a presence in Saudi Arabia.

We are here to help you successfully establish your business in Saudi Arabia. Our team of experts will handle the entire registration process, ensuring a seamless experience from start to finish. 

• Assess the client’s business idea and objectives.
• Discuss the appropriate business structure (e.g., LLC, joint stock company, etc.).

• Guide clients in choosing and registering a unique business name that complies with local regulations.

• Assist in gathering and preparing all necessary documentation, including:
  • Articles of incorporation
  • Identification documents
  • Proof of address
  • Shareholder agreements

• Help clients understand and acquire the necessary licenses based on their business activity, including municipal and sector-specific licenses.

• Facilitate registration with the Ministry of Commerce and Investment (MCI).
• Ensure registration with the General Authority for Zakat and Tax (GAZT).

• Assist in selecting a suitable local bank and opening a corporate bank account.

• Provide options for office space, whether it’s virtual offices, co-working spaces, or traditional leases.

• Assist with hiring processes, including local labor laws and contracts.
• Offer guidance on creating an employee handbook and other HR policies.

• Help set up accounting systems and ensure compliance with local tax regulations.

• Provide ongoing advisory services for compliance, market entry strategies, and operational challenges.