All you need to know about the Business Setup in Saudi Arabia

What is the significance of Saudi Arabia?

Aside from the obvious benefits of the Kingdom's geographical position and easy access to Africa, Asia, and Europe, the Saudi government is making significant efforts to attract industry to the Kingdom.

In 2016, the Saudi government unveiled the Vision 2030 plan to enhance the Kingdom's investment climate, attract more foreign investment, and encourage more local and international private sector engagement in the country's economy. To entice investors, the Kingdom is detailing several significant commercial advantages and prospects. The Vision 2030 project aims to enhance the private sector's contribution to GDP from 40% to 65%.

KSA Business Setup Registration Sovereign PPG offers professional advice and step-by-step help on the Saudi incorporation procedure. Assuring sound corporate governance from the start and advising on key traps to avoid.

The primary and secondary registrations, residence (Iqama) for General Manager, authorization to hire personnel, and bank account establishment are the major processes to consider. We can assist with the full process, from initial legalization and attestation of needed papers at the Saudi Embassy in the foreign investor's nation to the issue of the Commercial Registration and entity portal registrations in the Kingdom.

What company types are available in Saudi Arabia?
The Ministry of Investment Saudi Arabia (MISA) and the Ministry of Commerce grant commercial registration (and supporting licenses) (MoC). The first step in establishing a business in Saudi Arabia is to register with MISA. MISA is essentially the entry point for recognition and license to operate in the Kingdom. The major purpose of MISA is to facilitate and encourage both international and domestic investment.

Limited Liability Corporation (LLC), Joint Stock Company (JSC), and Foreign Entity Branch are the most common commercial entities in the Kingdom. Yet, the most prevalent is the Limited Liability Corporation (LLC), which allows for 100% foreign ownership under MISA.