Foreign investment & Company formation
Year after year, the Kingdom has seen a rise in the number of investors looking at setting up business in Saudi Arabia. Foreign investors are permitted to own and operate numerous types of companies. It can be either a sole proprietorship or with a Saudi shareholder, but they must first hold an investment license. At SB Lawyers & Consultants, our team of expert business setup lawyers in Saudi Arabia has helped countless clients navigate Saudi company registration and business setup in KSA.
Setting up a business in Saudi Arabia provides some fantastic opportunities and benefits. One of the most significant benefits of having business registration in Saudi Arabia is the generous tax allowances. With minimal liability for personal income tax and corporation tax sitting at 20%, foreign investors can operate far more comfortably than in other parts of the world. The Kingdom of Saudi Arabia also has a broad economy as it looks to expand from oil and gas. Because of this expansion, many more diverse industries are growing, making setting up business in Saudi Arabia more attractive.
Company formation in Saudi Arabia is also a great option because the Kingdom is a wonderfully safe environment to live and work in. The Saudi market is expanding rapidly and is eager to position itself as a global hub for new technologies. A business registration lawyer will promptly complete company registration in KSA under foreign ownership or with a Saudi shareholder permitting you to conduct business in this beautiful southwest Asian destination.
Although complex and stressful, setting up a company in Saudi Arabia is possible. You must prepare all the necessary documents for your Saudi company registration and submit them to the proper authorities in the Kingdom. The most straightforward way to complete company formation in Saudi Arabia is to use a company registration solicitor in Riyadh to handle the process for you.
The cost of setting up company in Saudi Arabia is heavily dependent on which type of company you require to do business in the Kingdom. But, the basic prices for a business setup in KSA are 2000 SAR for applying to MISA and obtaining a license. Getting your company name and Article of Association published in the Saudi newspaper will be 5500 SAR. And then 8100 SAR for registering with the Ministry of Commerce and Chamber of Commerce.
If you are a foreigner and use a company registration attorney in Riyadh at SB Lawyers & Consultants, Saudi Arabia, company formation can be completed in 9-12 months. We are experts in Saudi Arabia commercial registration and, in many cases, can complete the process quicker.
Setting up a company on the Saudi Arabia business registry will require a minimum capital investment of 500,000 SAR, roughly 130,000 USD. With foreign participation in the LLC, the minimum capital investment is 100,000 SAR or 26,000 USD.
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