There are many ways to establish a presence in the country. The most suitable approach for Company Formation Saudi Arabia depends on your requirements.
In a majority of the cases, it is required to establish a presence in the country in order to participate in a project. There are many ways to set up a business in Saudi Arabia. It will be our role to find the “ideal” or “optimal” solution for you.
The company setup in Saudi Arabia or in other words the formation, incorporation and registration of a business in the Kingdom of Saudi Arabia depend on the requirements of the initiator of the business or project and the activities as well as the organizational and operational structure of the proposed business.
The most popular options are legal entities with limited liability with a local partner under the Ministry of Commerce or legal entities with or without a local partner under the Saudi Arabian General Investment Authority.
A local partner is a natural person with the nationality of the Kingdom of Saudi Arabia or a legal entity fully owned by a natural person with the nationality of the Kingdom of Saudi Arabia. As per the local laws, a local partner shall hold at least fifty-one percent of the shares of the proposed business (if it will be registered under and regulated by the Ministry of Commerce). A popular option for the compensation of the local partner is a retainer package consisting of a monthly fee and a percentage of the income. The compensation of the local partner depends on the seniority and his or her role and responsibility in the proposed business.
Most of the businesses in the Kingdom of Saudi Arabia are registered under and regulated by the Ministry of Commerce. In the majority of the cases, these are businesses with a local participation of more than fifty one percent of the shares.
The Ministry of Commerce facilitates the contribution of Start Ups and Small & Medium Sized Enterprises (SMEs) to the economy and development of the Kingdom of Saudi Arabia in line with the Saudi Vision 2030.
The focus is on a number of sectors with priority such as:
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It applies for Small & Medium Sized Enterprises (SMEs) and larger corporations in particular.
In case of Start Ups the focus is on:
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The process of formation, incorporation and registration is divided in three stages or phases. These are Pre-Licensing (to assess your possibilities, to evaluate the potentials and to determine your options), Licensing (to apply for a license) and Post-Licensing (to become operational with visas, office, insurance, bank account and others).
Starting a business in Saudi Arabia may be complex. In turn, it can be lengthy and costly.
We have been part of the formation, incorporation and registration of legal entities in any and all shapes and sizes in the Kingdom of Saudi Arabia. These are legal entities with a local partner under the Ministry of Commerce or legal entities with or without a local partner under the Saudi Arabian General Investment Authority.
We are working with the most relevant stakeholders in the country to optimize the efficiency and to advance, enhance and improve the ease of doing business in the Kingdom of Saudi Arabia.
Our experts and specialists in starting up a business in Saudi Arabia understand their policies and procedures.
It would be our pleasure to learn more about your objects and plans in the Kingdom of Saudi Arabia and the activities as well as the organizational and operational structure of the proposed business in order to determine your options.
We are in a position to promote and support you in accordance with your requirements in Pre-Licensing, Licensing and Post-Licensing. It includes without limitation or restriction the pre-selection and selection of a local partner, the mediation between the parties and the formalization of the relationship between the parties (before the formation, incorporation or registration). We have a network of local partners with members of the royal family, current and former senior administration officials and key businessmen and -women.
Please click on the link and reach out to our experts and specialists to discuss your requirements. It would be our pleasure to assist you!
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