Starting a business is a great step that is able to transfer you and make a huge transformation in your life. But huge beginnings require huge planning as well, and starting a business in Saudi Arabia can be the huge transformation you need to find. But still the question is, how to start business in Saudi Arabia for foreigners? That is what we will tell you in this article.
How to start a business in Saudi Arabia for foreigners? The required registrations in steps
Starting a business in Saudi Arabia is an easy and facilitated step, as most required registrations can be easily done through the internet. To start a business in Saudi Arabia and begin your foreign company (foreign investments), you need to finish the following registrations:
- The first step you need to finish is the issuance of a commercial license through entering the E-portal of the Ministry of Investments MISA’s. You need to complete the following documents:
- The company’s commercial registration, which needs to be certified by the Saudi embassy.
- Last year’s financial statement which needs to be certified by the Saudi embassy as well.
- Branches of foreign companies (foreign investments) must submit a decision to open the branch in the kingdom of Saudi Arabia from the Ministry of Commerce to complete the issuance of a commercial register. This step can be done by visiting the ministry of Commerce
- The second step you need to do is the issuance of commercial registration this can be done by visiting the ministry of Commerce and preparing the following documents;
- Commercial registration of the parent company.
- Proof of the owners and general director ID.
- A letter that proves the appointing of the general director.
- In the case of branches of foreign companies (foreign investments), you need to get a decision from the board of directors of opening a branch.
- Via visiting their official website you need to open the following files:
- A File of the general authority of Zakat and Tax.
- A file of the Saudi ministry of labor and social development.
- A file of the general organization of social insurance.
- The final step you need to perform is the issuance of the general directors visa. This can be done through visiting the ministry of Investments website and they enter the e-service portal and attach a letter that proves the appointment of the general director and the proof of the general directors ID.
All the previously mentioned steps can be done easily through the official website of the Ministry of Commerce, Ministry of investment, General authority of Zakat and tax, Saudi ministry of labor and social development, and organization of social insurance.
What are the different types of companies that can be established in Saudi Arabia?
Via investment in Saudi Arabia you can open different types of companies as follows:
- Limited liability company
- Limited liability one Pearson company
- Joint stock company
- Foreign company branch (foreign investments).
- Solidarity of professional company
Mousa & partners services
Mousa & partners legal office can help you start your business in Saudi Arabia and establish your own company whatever its business type. Mousa & partners legal services in the field of company services and establishment of foreign companies (foreign investments) can be listed as follows:
- Helping in the establishment of a limited liability company, as the establishment of a limited liability company requires wide knowledge about its management and operation, which you can get through Mousa & partners legal services.
- Giving legal advice to open a representative office for foreign companies (foreign investments), which is characterised by its complex procedures but will be finished easily with our legal advice.
- Helping in the establishment of Joint Ventures, which will facilitate your partnership with a Saudi shareholder.
- Helping in the establishment of foreign branches.
Company services offered by Mousa & partners legal office can be as follows:
- The transformation of companies from simplified joint-stock companies to closed or publicly listed joint-stock companies.
- The transformation of companies from limited liability companies to publicly listed joint-stock companies.
- Attending Board of Directors Meetings
- Transforming companies from limited liability to simplified joint-stock companies.
- Transforming companies from limited liability to closed joint-stock companies.
Common questions on how to start business in saudi arabia for foreigners
Why to start your business in Saudi Arabia?
In complying with the 2030 vision, investment in Saudi Arabia is a great opportunity. Investment in Saudi Arabia can give you the following advantages:
- Facilitated procedures: starting business in Saudi Arabia is easy and facilitated without the need for complex procedures, as most steps can be done via the official websites of the ministries.
- Financial stability of the Saudi market.
- Access to a wide range of markets in the gulf and middle east area.
- Rapid growth of the Saudi market, which facilitates the entry of new investors.
- Easy access to different energy sources.
Why choose Mousa & partners for your legal advice?
- Experienced team who can give you the legal advice you need.
- Experts in the different specialties of commercial law.
- Great customer care, with attention to different details related to customers.
- Customised solutions that can fit every customer.
- Comply with quality measures, to give customers the best legal advice.
Reserve your free consultation with Mousa & partners legal office
Do you need to begin your business but you need to get a legal consultation ? Get a free consultation with a great legal team who can give you the best legal advice to begin your business without any complications, and get the highest benefits from the encouraging investment climate in Saudi Arabia. Visit our website, and get your free consultation, with the best legal team.
Contact information for Mousa & partners legal office
Address: Floor H, Building 407, Zone 4, King Abdullah Financial District (KAFD), Riyadh, Saudi Arabia
Phone number: +966505898510
Email: info@mousalegal.com
Working time: everyday from 9 AM to 5 PM, except Saturday and Sunday from 10 AM to 6 PM.
With Mousa & partners legal office you can find the most appropriate legal advice that can fit with your business. All you need is to contact us and get your free consultation now.
Starting a new business in Saudi Arabia is a great step toward achieving your dreams. With the 2030 vision, starting a new business in Saudi Arabia is an easy process that can be made mostly through online steps. Do not let this chance go and begin your business in Saudi Arabia now.
