Professional Business Setup Services in Saudi Arabia
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!
How to Start a Business in Saudi Arabia
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
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
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.
