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If you’ve ever thought about expanding or starting your business in the heart of the Middle East, Riyadh is the place to be. As Saudi Arabia’s capital, Riyadh is not only a thriving commercial hub but also a gateway to a rapidly diversifying economy under Vision 2030. Whether you’re a foreign investor or a local entrepreneur, now is the perfect time to open a business in Riyadh and we’re here to help every step of the way.
At J K Management Consultancies, we simplify the setup process and handle the paperwork, so you can focus on building your dream business.
Why Choose Riyadh to Start Your Business?
Strategic location
- Riyadh is centrally positioned in the Middle East, ideal for international trade.
Strong government support
- Saudi Arabia’s Vision 2030 offers incentives and reforms to attract investors.
Diverse opportunities
- From tech startups to construction and retail Riyadh has it all.
Growing economy
- With mega-projects like NEOM and the Red Sea Project, the economy is booming.
Steps to Open a Business in Riyadh
Here’s a simplified breakdown of what the process typically looks like:
1. Choose Your Business Activity
Decide the type of business you want to launch. The activity must be approved by the Ministry of Investment of Saudi Arabia (MISA).
2. Reserve a Trade Name
Pick a unique name that reflects your brand and complies with Saudi naming conventions.
3. Apply for a Commercial Registration (CR)
Submit your company documents and application to the Ministry of Commerce (MOC) to get your CR.
4. Get Necessary Licenses
Depending on your industry, additional approvals might be needed from relevant authorities like the Saudi Food and Drug Authority (SFDA) or Saudi Arabian Monetary Authority (SAMA).
5. Open a Saudi Bank Account
Once your CR is ready, open a corporate bank account in Riyadh to manage finances locally.
6. Register for ZATCA & GOSI
All businesses must register with:
ZATCA (Zakat, Tax and Customs Authority)
GOSI (General Organization for Social Insurance)
7. Establish an Office Address
Secure a physical office space in Riyadh, which is mandatory for business registration.
Can Foreigners Open a Business in Riyadh?
Yes, absolutely! Foreign investors can own up to 100% of a company in many sectors. However, a foreign license is required from MISA, and specific capital requirements may apply depending on the industry.
At J K Management Consultancies, we handle all documentation, licensing, and communication with government departments saving you time, stress, and uncertainty.
Our Business Setup Services in Riyadh
- MISA license acquisition
- Commercial registration setup
- Local partner arrangement (if needed)
- Office space assistance
- Corporate bank account opening
- Tax and Zakat registration
- Ongoing PRO services
Why Work with J K Management Consultancy?
We’ve helped hundreds of entrepreneurs and companies open a business in Riyadh with ease. Our local expertise and government connections allow us to fast-track your company formation.
- Transparent pricing
- End-to-end support
- legal support
- 24/7 WhatsApp assistance
Ready to Start Your Business in Riyadh?
Let’s make it happen! Contact J K Management Consultancies today for a free consultation. Whether you’re planning a startup or expanding your company into Saudi Arabia, our team is ready to support you.
