Hazim Almadani Law Firm

Establishing A Company in Saudi Arabia

Having been experts at foreign company registration in saudi arabia and international business practices in the Saudi market, we provide our clients with tailored legal services designed to fit their needs, starting from pre-contract negotiations, drafting and reviewing joint venture agreements, advising on document related matters to the establishment of companies, subsidiaries and branches, advising companies on day-to-day matters, organizing attendance at minutes of board meetings, drafting and approving meeting reports, obtaining official licenses, advising on the company structure, setting policies, and providing the best tax and customs solutions to our clients in terms of procedures and fees, all while ensuring the element of speed upon each and every stage, knowing time is the only currency that cannot be replaced.

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Steps to establish a foreign company in Saudi Arabia

Hazim ALMADANI will gladly assist you through your journey to establish your Company – company formation in saudi arabia – and expand in Saudi Arabia, we will acts on your behalf through all the below steps, don’t hesitate speak with one of our Lawyers to discuss the best form that suits your company , discuss your requirements and how we can help you.
01

Registering with Ministry of Investment (MISA) and obtaining the foreign investment license.

02

Preparing Articles of Association, notarizing and publication.

03

Apply for the Commercial Registration Certificate (CR) in Ministry of Commerce (MOC).

04

Activating of CR in MOC.

05

Opening Bank account

06

Registering with Chamber of Commerce

07

Assisting in leasing agreement

08

Liaison for obtaining approval from Civil Defense

09

Obtaining Municipality license.

10

Opening the labor file with Ministry of labor office.

11

Registering with General Organization for Social Insurance (GOSI).

12

Registering with General Authority of Zakat and Tax (GAZT)

13

Registering with Value Added Taxes (VAT) authority.

14

Registration with Saudi Post authority for National Address.

15

Registration with QIWA

16

Registration with MUDAD Platform.

17

Getting visa for the General Manager.

18

Subscribe and activate Muqeem Service.

Saudi vision 2030

With the new investment project initiative, Saudi vision 2030, as well as the latest National Investment Strategy issued by the Ministry of Investment, strongly encouraging foreign investors to join in on the major economic developments in Saudi Arabia, it has become an ideal hub for investments of Multinational Corporations, as well as Small and Medium Enterprises, on a global scale. Lastly, the Saudi Government’s latest announcement to stop governmental entities and agencies from dealing with companies whose headquarters are not Saudi based by 2024, further stating that having a regional headquarters is no longer sufficient, there is no better time to have a company registration in Saudi Arabia. As such, we’re here to help and assist you in setting up your business, accompanying you in each step up to full operations.

types of companies in Saudi Arabia

The Ministry of Investment seeks to facilitate the value-added foreign company establishments through the following legal entities:

Limited liability companies (LLC)

it’s the most popular type of company establishment in Saudi Arabian market. In this company type there is no liability for owners against the company debt.

Joint stock company (JSC)

it formed of a capital that is divided into equal value shares.

Sole proprietorship Limited liability company (SPLLC)

It is a limited liability company, but a sole owner owns all the shares of the company.

Limited partnership company (LLP)

General partners own and operate a business, while limited partners invest in the business but do not make operational decisions or carry any personal liability for company debt. One or more of each type of partner can come together to create a limited liability partnership.

Joint ventures

is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.

There is also two forms of businesses are available for foreign investors:
Advantages of Establishing A Company in Saudi Arabia

You can establish a 100% foreign company without Saudi Arabian partners.

Structural Flexibility, where you can have a non-Saudi citizen, as its director, general manager, or shareholder

Easy procedures for transfer of shares.

The minimum number of company directors or shareholders required to form an company is just one

Investment diversification.

Freedom of complete repatriation of capital and profits.

Multi-currency bank accounts.

Ease in opening a corporate bank account in Saudi.

Simplicity in managing and handling international operations.

No requirement for a special license to conduct banking and insurance businesses.

Reducing the time to establish certain companies from 15 days to 30 minutes

Asset protection.

Zero Individual Income Tax.

Guaranteed favorable Tax climates.

Why join the Saudi market?

For investors, Saudi Arabia has a lot of potential and opportunities. A G20 economy with a population of more than 30 million young, educated people. It also has a strategic location at the crossroads of major trade routes spanning three continents, as well as abundant natural resources. A wide range of economic reforms implemented as part of Vision 2030 have succeeded in creating new business opportunities, leveraging Saudi Arabia’s key strategic assets, and driving economic growth and diversification.It is the largest (by market capitalization) and liquid stock market in the Middle East and North Africa.

33.4 Million.

Total population

782 Billion

Nominal GDP

Low cost

Low cost of living and
individual income tax-free

Approximately 50%

Percentage of youth (under 25)

23,570 $

GDP per capita

Safe

Safe cities with considerably
low crime rates

1.6%

Population growth (next 5 years)

230.8 Billion

FDI Inward Stock

Geographical location

Compelling Geographical location for trading and travel.

Why the Law Firm of Hazim Al-Madani?

Experts

we will assist you through a team of expert lawyers who established the leading companies in the Saudi Arabian market.

Globally

we are a leading international law firm that established hundreds of international incorporations all over the world. Our lawyers are experts in supporting all the business needs.

Best offer

Our foreign business setup service is the best in KSA market. We earned this reputation by giving our clients the needed satisfaction throughout the process. So, if you only need assistance with having visa, company incorporation, or long-term business support, our costs are extremely good value.

customer care

we care about all our clients; we give the same support and attention whether you are a startup company or even a big brand you will find your satisfaction and the best legal opinion.

Transparency

our fees are crystal clear. We spend time and effort to explain the steps and prices to our clients.

Simplicity

our aim is to make the registration process easier and simple for our clients. We will assist you in everything.

Got a Question?

FAQ

Having been experts at establishing foreign companies and international business practices in the Saudi market, we provide our clients with tailored legal services designed to fit their needs, starting from pre-contract negotiations, drafting and reviewing joint venture agreements, advising on document related matters to the establishment of companies, subsidiaries and branches, advising companies on day-to-day matters, organizing attendance at minutes of board meetings, drafting and approving meeting reports, obtaining official licenses, advising on the company structure, setting policies, and providing the best tax and customs solutions to our clients in terms of procedures and fees, all while ensuring the element of speed upon each and every stage, knowing time is the only currency that cannot be replaced.

MISA is The Ministry of Investment in Saudi Arabia, it is the governmental  entity that licenses foreign companies to operate in Saudi Arabia without a local partner.

upon ensuring all necessary documents are in order, the company will be fully established within approximately 45 working days.

only the General Manager needs to visit Saudi Arabia to establish his Iqama documentation.

The price is set according to whether there are requirements to gain special permits from certain ministries or government associations. It also depends on the activity of the company being established.

For more information regarding the costs, feel free to reach out to us via email. info@almadanilaw.com

Our Success Stories

The Case

We would like to brief about the incorporation of a Foreign Trading Company that our firm handled and successfully incorporated under the Saudi Arabian General Investment Authority (SAGIA) and Ministry of Commerce and Industry (MOCI). SAGIA is the governing body for foreign investments. Any foreign entity willing to invest in Saudi Arabia should get approval and a foreign investment license from SAGIA. Our client is one of the leading frozen food manufacturers and a well-known brand having its presence in Asia, Gulf and Southeast countries. They already hold a foreign investment license from SAGIA for manufacturing activity of frozen food, and they wanted to enter the trading sector. As such, we advised and guided them about trading practices in Saudi Arabia and got them incorporated smoothly.