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Yes, you read that right foreigners can set up a business in Saudi Arabia, and 2025 is proving to be the best time to do it. With Saudi Arabia’s Vision 2030 and reforms in full swing, the Kingdom is welcoming international entrepreneurs and investors like never before.
Why Set Up a Business in Saudi Arabia?
Saudi Arabia offers a strategic location, tax advantages, and a rapidly diversifying economy, making it one of the top destinations for foreign investors. Here’s why more entrepreneurs are moving in:
- 100% foreign ownership in many sectors
- No personal income tax
- Easy access to GCC markets
- Robust infrastructure and logistics
- Government incentives for new businesses
Can Foreigners Start a Business in Saudi Arabia?
Absolutely. Since recent reforms, foreigners can fully own and operate a business in Saudi Arabia especially in key sectors like consulting, IT, trading, contracting, manufacturing, and more. However, it requires proper licensing through the Ministry of Investment of Saudi Arabia (MISA), formerly known as SAGIA.
Key Steps to Start a Business as a Foreigner in KSA
Here’s a simplified overview of the process:
1. Obtain a Foreign Investment License (MISA License)
This is the first and most important step. You’ll need to submit:
- Company profile
- Financial statements (last year)
- A notarized Board Resolution and Articles of Association
2. Register with the Ministry of Commerce
After getting your MISA license, you’ll need to register the company with MoC to obtain your Commercial Registration (CR).
3. Open a Local Bank Account
To operate officially, you’ll need a corporate bank account in Saudi Arabia.
4. Register with GAZT and Other Authorities
This includes ZATCA (formerly GAZT) for tax registration, Chamber of Commerce, and other local bodies.
5. Issue Iqama and Visas for Employees
Once your setup is complete, you can sponsor foreign employees and obtain work visas and iqamas.
Business Structures Available for Foreigners
Foreign investors can choose from multiple structures:
- Limited Liability Company (LLC)
- Joint Stock Company
- Branch of a Foreign Company
- Technical and Scientific Services Office (TSSO)
Each structure has its own compliance and capital requirements. At J K Management Consultancies, we help you choose the right setup based on your business goals.
Which Sectors Are Open for Foreign Ownership?
As of 2025, foreigners can invest in:
- Information Technology
- Consulting & Advisory
- Manufacturing & Industry
- Healthcare & Pharmaceuticals
- Real Estate (under certain conditions)
- Education & Training Services
- Contracting & Engineering
- E-Commerce & Trading
Some restricted sectors may require joint ventures or special approvals.
Cost of Setting Up a Business in Saudi Arabia
The overall cost depends on:
- Type of business structure
- License category
- Local office rental
- Legal translation & document attestation
Typical startup costs range between SAR 25,000 to SAR 100,000, including government fees and consultancy charges.
How J K Management Consultancy Helps You
At J K Management Consultancies, we make the process of starting your business in Saudi Arabia smooth, fast, and hassle-free. Our team handles everything from:
- MISA Licensing
- Commercial Registration
- Local Office Setup
- Tax Registration
- Bank Account Opening
- Visa & Iqama Processing
- PRO and Legal Support
Whether you are a solo entrepreneur or a multinational firm, we provide end-to-end assistance tailored to your needs.
Ready to Set Up a Business in Saudi Arabia?
Foreigners can set up a business in Saudi Arabia, and now is the best time to get started. Let our experts at J K Management Consultancies guide you through every step of the journey.
Contact us today for a free consultation or WhatsApp us directly for a quick chat.
