WELCOME TO GloboPrime Corporate Services Provider

Professional Business Setup Services in Saudi Arabia

Welcome to the exciting world of business opportunities in Saudi Arabia! With its growing economy, strategic location, and ambitious Vision 2030 plan for diversification, the Kingdom offers a compelling landscape for entrepreneurs and investors.
Saudi Arabia, with its growing economy and strategic location, presents exciting opportunities for businesses of all sizes. If you are considering setting up a company in the Kingdom. If you are looking to establish your company in the Kingdom, We will assist and guide you with the essential steps and considerations for a smooth setup process.
man-with-airplane-tickets-and-passport-4SYCE7N

Understanding Saudi Arabia Landscape for company set up

Business Structure

Choose the most suitable structure for your company, such as a Limited Liability Company (LLC) or a branch of a foreign company. Each has its own ownership requirements and regulations.

Free Zones

Consider operating in a free economic zone to benefit from tax exemptions, simplified procedures, and full foreign ownership.

Foreign Ownership

While 100% foreign ownership is possible in certain sectors, some activities may require a local Saudi partner. Familiarize yourself with the regulations for your chosen industry.

Contact GloboPrime Corporate Service Provider business setup specialist today to explore the exciting possibilities!

The Steps Involved

How to Start a Business in Saudi Arabia

Effortlessly Launch Your Business in Saudi Arabia: Business Setup in Saudi Arabia a Step-by-Step Guide
Choose Industry & Structure
Identify your desired industry (e.g., tech, tourism) and select the business structure that aligns with your goals and capital.Select your business sector and legal structure (e.g., LLC, Joint Stock Company, Branch Office).

Limited Liability Company (LLC)

Ideal for SMBs (Small and Medium Businesses) with moderate capital needs.

Joint Stock Company (JSC)

Geared towards large companies seeking significant capital through public offerings.

Branch Office

Perfect for foreign businesses entering the Saudi market while maintaining control over operations.

Name Registration

Select a unique and trademark-friendly trade name that reflects your brand identity and complies with local regulations.Secure Approval. Obtain the green light from the Ministry of Commerce and Investment (MOCI)

Understand Corporate Rules

Familiarize yourself with Saudi business laws. Gain a solid understanding of Saudi Arabia's corporate rules and regulations. This ensures compliance and avoids future hurdles.We can guide you with this

Draft a Business Plan

Develop a well-defined business plan outlining your company's goals, target market, marketing strategy, financial projections, and key details to secure funding and build a strong foundation.

Document Submission

Prepare and submit the necessary documents for registration with MOCI, including a Memorandum of Association, Articles of Association, and other required certificates.

Obtain Approvals

Secure necessary permits from the Ministry of Commerce and Investment. The approvals from MOCI. This process might take several weeks

Establish Your Physical Presence

Secure a physical office space in Saudi Arabia, considering rental or purchase options based on your budget and requirements.

Government Registrations

Complete registrations for government approvals, such as a commercial registration certificate, tax registration, and social insurance registration.

Additional Considerations

Corporate Bank Account: Open a corporate bank account to manage your business finances.

Why Invest in Saudi Arabia?

Saudi Arabia's Vision 2030 and Foreign Direct Investment

Vision 2030 sets out a roadmap for Saudi Arabia to diversify its economy and become a global investment destination. As part of this plan, the Kingdom has set ambitious goals to increase foreign direct investment (FDI). Here are some of the relevant targets: Increase FDI inflow to 5.7% of GDP by 2030. Increase the private sector's contribution to GDP from 40% to 65% by 2030.

  • Increase FDI inflow to 5.7% of GDP by 2030.
  • Increase the private sector's contribution to GDP from 40% to 65% by 2030.

Free Zones and Economic Cities

Saudi Arabia’s free zones and economic cities (e.g., King Abdullah Economic City) offer tax exemptions and streamlined regulations, making them ideal for various industries.

Types of Business Entities in Saudi Arabia

The legal structure you choose for your business in Saudi Arabia significantly impacts your operations and growth potential. Here's a breakdown of the most common options for foreign investors and local entrepreneurs:

Limited Liability Company (LLC)

The go-to choice for SMBs (Small and Medium Businesses) in Saudi Arabia. Owners enjoy limited liability for their investment, making it ideal for ventures with moderate capital needs.

Joint Liability Company

Simple and inexpensive to establish, this structure is suitable for small, informal businesses. However, all partners share responsibility for debts, so consider this for low-risk ventures.

General Partnership Company

Similar to a Joint Liability Company but with a formal agreement outlining partner roles and responsibilities. This option provides clarity for partnerships with shared goals.

Limited Partnership Company

Offers flexibility by combining partners with limited and unlimited liability. This structure can attract investment while protecting some partners' assets.

Joint Stock Company (JSC)

Functioning like a corporation, JSCs have ownership divided into shares. Public JSCs can even list on the Saudi Stock Exchange (Tadawul). This structure is ideal for large businesses seeking significant capital through public offerings.

Branch Office

An extension of a foreign company operating under the parent company's regulations. This option allows foreign businesses entering the Saudi market to maintain control over operations.

Representative Office

A cost-effective way for foreign companies to establish a presence in Saudi Arabia for market research and relationship building. However, these offices cannot engage in commercial activities or generate revenue.

Partnership Limited by Shares

This structure offers some liability protection while maintaining a partnership format. Liability is limited to each partner's investment amount.

Variable Capital Companies

A relatively new structure, this type of company allows capital to fluctuate based on shareholder contributions. It offers flexibility for businesses with evolving capital needs.

Technical and Scientific Offices

Established by foreign companies for conducting R&D activities in Saudi Arabia. This option allows foreign entities to contribute to the Kingdom's scientific advancement.

Choosing Your Perfect Fit

The best business entity depends on your specific goals, investment needs, and risk tolerance. Consider consulting with a professional & reliable company for business setup in Saudi Arabia like GloboPrime Corporate Service Provider specializing in Saudi Arabian business law for tailored advice.

Why Invest in Saudi Arabia: A Land of Opportunity Awaits

Thriving Economy

Boasting the largest Arab economy and a projected GDP growth of 4.8% in 2024 (IMF), Saudi Arabia offers a stable and promising economic environment.

Vision 2030

The Kingdom of Saudi Arabia's ambitious Vision 2030 plan is actively diversifying the economy beyond oil, creating exciting opportunities in sectors like tourism, renewable energy, technology, and healthcare.

Strategic Location

Saudi Arabia's strategic location at the crossroads of three continents makes it an ideal gateway to access over 40 fast-growing markets within a four-hour flight radius.

Business-Friendly Environment

Saudi government is actively streamlining regulations and procedures to make it easier for foreign businesses to invest and operate.

G20 member Country

Economic Saudi Arabia boasts the largest Arab economy and is a G20 member, signifying its global economic significance.

Geopolitical Stability

Saudi Arabia enjoys a stable political climate, providing investors with the peace of mind they need to focus on long-term growth strategies.

Book a free consultation today and let us guide you through the process!

Costs of Setting Up

SAGIA License

2000 SAR

Company Gazette Publication

600-5500 SAR

Bank Account Deposit

100,000 SAR for LLC

Office Spaces

4000-1700 SAR

Commercial Certificates

100-8100 SAR

Chamber of Commerce Membership

2000 SAR

Our Services

Consultation

Expert advice on business setup and regulatory compliance.

Documentation

Assistance with paperwork and formalities.

Legal Support

Guidance through legal processes and requirements.

Continued Support

Ongoing business support post-establishment.

Seek Professional Help

Consider partnering with a business setup consultant like GloboPrime Corporate Service Provider to ensure a smooth and compliant company formation process.

Get Your Free Quote Now!

We look forward to partnering with you!

Call Us Now