Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
Dismiss
This content is for our paying subscribers only
GN Focus

How to start a business in Saudi Arabia

All documents are first required to be translated into Arabic by an official translator



Khalid A. Alsheddi the Executive Director of Investor Advisory & Relations, and Hatem El Safty CEO of Business Link firm
Image Credit: Supplied

Saudi Arabia has been one of the booming investment grounds that allow business investors to step forward and form a business entity. The Kingdom of Saudi Arabia (KSA) is the largest oil producing country in the world.

Setting up a business in Saudi Arabia

The official language is Arabic, therefore all documents are first required to be translated into Arabic by an official translator and thereafter submitted to the relevant government authority.

The summary of procedures is as follows:

• Obtain the investment license from the Saudi Arabian General Investment Authority (SAGIA)

• Open a bank account with a local bank in KSA

Advertisement

• Obtain a commercial registration (CR) from the Ministry of Commerce and Industry (MOCI)

• Register with the Chamber of Commerce

• Register with the Ministry of Labor

• Register with the General Organization for Social Insurance (GOSI)

• Register with ZAKAT

Advertisement

Any non-resident who intends to set up a branch or an LLC company formation in Saudi Arabia is required to obtain the investment license from Saudi Arabian General Investment Authority (SAGIA) before starting the above procedures. Given that all the required documents should be translated into Arabic language for filing with the authorities, it may take approximately 1 month to obtain the commercial registration (CR) from the Ministry of Commerce and Industry.

Business Setup in Saudi Arabia requires an investor to go through the following steps:

1) Select the Industry & Business Structure

2) Submit the Essential Documents

3) Understand the Saudi Arabia Corporate Rules

Advertisement

4) Select a Trade Name

5) Get the Required Approvals

6) Look for a Physical Office

7) Get the Government Approvals

If you're interested to expand your business in Saudi Arabia, get in touch with Business Link at info@businesslinkuae.com and we will be happy to assist you.

Advertisement

For more info: info@businesslinkuae.com; www.businesslink.sa; 055 6070118; 04 321 5227

Advertisement