Benefits of Business Setup in Saudi Arabia
Saudi Arabia is emerging as a global hotspot for business and foreign investments, making it an ideal destination for international business expansion. With Vision 2030 and recent reforms in business laws, including provisions for Business Setup in Saudi Arabia with 100% Foreign Ownership, the Kingdom stands out as one of the most promising places to start or grow a business. At J K Management Consultancy, we help you navigate this dynamic landscape and unlock its full potential
Economic Growth
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Natural Resources
Large Consumer Market
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Agricultural License
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Professional License
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Steps to Start a Business in Saudi Arabia
Registration Process
Registration Process for Business Setup in Saudi Arabia with 100% Foreign Ownership
Prepare the Required Documentation
Register for a License with MISA
Finalize the Articles of Association (AoA)
Obtain the Commercial Registration (CR) License
Select Business Premises and Register National Address
Facilitate General Manager’s Visit to Saudi Arabia
Register the GM with Government Authorities
Assist in Corporate Bank Account Setup
Complete Post-Incorporation Registrations
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Frequently Asked Questions
All you need to know
The time required to complete the licensing process for a business in Saudi Arabia varies. It can take a maximum of 30 days, depending on factors like business type, documentation, and other processing. After application submission, there’s a review period, potential additional approvals, legal steps, and setting up the physical location. Staying updated with authorities and having complete documentation can help expedite the process.
Within a span of 7-15 days post the application submission.
The cost of setting up a business in Saudi Arabia is mainly dependent on several factors, like the type of business you plan to establish, industry to which the business belongs, location you plan to establish the business, and many other specific requirements.
An office address of your company or firm is required for registering your business.
Yes, the authorized signatory is physically required in order to open the bank account in Saudi Arabia.
Yes, the authorized signatory is physically required in order to open the bank account in Saudi Arabia.