How To Start A Business In Saudi Arabia

How To Start A Business In Saudi Arabia – 5 steps for expats to start a business in Saudi Arabia? Saudi Arabia plans to spend more money in the next 10 years than it spent in the last 300 years… Let’s take you through the step-by-step process of starting your business in Saudi Arabia: Step 1: From the website, visit the SAGIA (e-services) portal ) www.sagia.gov.sa Issuing an investment permit The first step is to obtain an investment permit from the Saudi Arabian Public Investment Authority (SAGIA). This allows legal investment in Saudi Arabia, but a business registration certificate from the Ministry of Trade and Investment is required to purchase or establish a business to operate a foreign branch. There are certain situations where 100% ownership is possible. Ownership and share capital restrictions are directly related to the licensed activity of the economic enterprise. For example, service-related industries may be 100% foreign-owned, and on the other hand, some business activities, such as trade, require at least 25% local ownership. It is important that foreign investors familiarize themselves with the latest legislation before purchasing or joining a KSA business. Requirements: The company’s business registration is approved by the Saudi Embassy Last year’s financial statement is approved by the Saudi Embassy Step 2: Visit the Ministry of Commerce at www.mci.gov.sa Foreign investors should visit the Ministry of Commerce documents to obtain the memorandum. Their platform. The requirements for this type of document are as follows: Branches of foreign companies must submit their decision to open a branch in Saudi Arabia only to complete the issuance of the business register. Step 3: Visit the Ministry of Commerce at www.mci.gov.sa Visit the Ministry of Commerce and apply for a business register. Foreign companies interested in doing business in the Kingdom must do the following: submit the business register of the parent company and the decision of the board of the company to open a branch. If you are a new company, you will need to submit a Memorandum of Association. The company must appoint a general director, and the certificate of the owner and the identity of the general director must be submitted. Step 4: Open the files Open the following files: Zakat Directorate General File and Saudi Ministry of Labor and Social Development Tax File Social Security Organization Step 5: Go to the Department to get investment or submit related documents. Website: www.misa.gov.sa The last step is to visit the Department of Investments to obtain a Director General visa. In order to get a visa, companies must submit the following documents: letter of appointment of general managers, identification of the general manager, these steps will not take much time, but in order to be effective, you must strictly follow the instructions of the Saudi authorities. It should be remembered that after 2023, Saudi Arabia will no longer sign contracts with foreign companies that do not have regional headquarters in this country. Therefore, all investors must have a local representative or local representative (distributor) in the region. . If you want to expand your business in Saudi Arabia, please contact us at info@ and we will be happy to help you. Francois-Xavier Depireux LD Export 2021-04-12 12:00:00 https:///upload/-f03254-large.jpg https:///fr/5-steps-to-start-a-business- in- Saudi Arabia-foreign_affairs_c2deff.html

Saudi Arabia plans to spend more in the next 10 years than in the last 300 years.

How To Start A Business In Saudi Arabia

The first step is to obtain an investment permit from the Saudi Arabian General Investment Authority (SAGIA). This allows legal investment in Saudi Arabia, but a business registration certificate from the Ministry of Trade and Investment is required to purchase or establish a business to operate a foreign branch.

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There are certain situations where 100% ownership is possible. Ownership and share capital restrictions are directly related to the licensed activity of the economic enterprise. For example, service-related industries may be 100% foreign-owned, and on the other hand, some business activities, such as trade, require at least 25% local ownership. It is important that foreign investors familiarize themselves with the latest legislation before purchasing or joining a KSA business.

Foreign investors are responsible for obtaining memorandum documents from the Department of Commerce. The requirements for this type of document are as follows:

Contact the Department of Commerce and apply for a business register. Foreign companies interested in doing business in the Kingdom must:

The last step is to go to the Department of Investment to get a CEO visa.

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These steps will not take much of your time, but in order to work, you must strictly follow the instructions of the Saudi authorities.

It should be remembered that after 2023, Saudi Arabia will no longer sign contracts with foreign companies that do not have regional headquarters in this country. Therefore, all investors must have a local representative or local representative (distributor) in the region. .

If you want to expand your business in Saudi Arabia, please contact us at info@ and we will be happy to help you. Saudi Arabia has become a vibrant business destination. The country’s abundant natural resources, combined with recent policies aimed at opening the economy to foreign investment, make it an ideal location for investors looking to do business in the Middle East.

With more than 10 years of experience in starting businesses in the region, Creative Zone can guide investors through the entire startup process in Saudi Arabia. Providing 360-degree services from business creation to post-launch business support, Creative Zone is the ideal partner in this journey.

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Saudi Arabia has a population of 28.7 million, of which about 20 million are Saudi citizens and about 8 million foreigners.

Saudi Arabia has 20% of the world’s proven oil reserves. It is the world’s largest oil exporter and plays a leading role in OPEC. Saudi Arabia’s economy has grown at an annual rate of 4 percent over the past seven years, supported by a favorable business climate that is rapidly driving investors to the core of the Arab market.

MISA was established to assist foreign investors in obtaining work permits in KSA, obtaining work permits and visas and conducting other business matters under one roof.

Our business startup services are the highest in the market and we ensure this by giving our clients the much needed peace of mind throughout the process and afterwards. So, whether you just want a visa, help setting up a business or long-term business support, our prices are worth every penny.

The Kingdom Of Saudi Arabia

We provide the same care and attention to all our customers, always focusing on providing quality service. Whether you are a small startup or a large brand, rest assured that we will serve you in the best possible way.

All our fees are clearly disclosed with no hidden fees. There are many costs involved in the business of registering a company that are not communicated to clients in advance. To avoid unpleasant situations, we take the time to explain each step and prices. We’ll explain our best deal to you, as well as any other deals you might need to make a true like-for-like comparison.

Serving clients worldwide, our more than 200 employees speak 22 languages ​​and are experts in supporting various business needs since the company was founded. Thousands of customer reviews attest to our unparalleled service.

Our shared workload package is unique to the market and offers real flexibility as your business grows. This package not only includes corporate licensing and sponsor/agent services, but also helps with documentation services, providing city collaboration opportunities, online forums, and more.

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During these turbulent times, we prioritized your safety and well-being and made the registration process easy and safe. With our help, almost all documents related to the establishment of a company can be sent remotely or online, making the process faster and more efficient. We deliver documents to your home for free.

Creative Zone is a big family with 200 members and we take care of our customers like ourselves. All related visas sponsored by you as an investor are your PRO fees.

Our business start-up consultants offer expert business start-up advice tailored to your business type. We have the experience of presenting more than 200 different businesses to our clients without any problems.

Our business is not your typical radio show or media platform. Our business is your business. Our attention to detail, knowledge and customer focus set us apart. Business culture in

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