Business Setup in Saudi Arabia
ESTABLISH YOUR BUSINESS COMPLIANTLY WITH US
At TASC Corporate Services, we specialize in assisting entrepreneurs and investors in setting up their businesses, but in actuality we do a lot more than that. From legal assistance to staffing solutions, we’re here to offer all the help you need to launch and grow your business in any industry.
Business setup in Saudi Arabia couldn’t get any easier! With an extensive range of services and a team of talented and experienced professionals, we plan to make the process of setting up a business seamless and profitable for you.
If you’re looking for an ideal destination for global expansion, Saudi Arabia is the ideal choice. With tons of opportunities for investors and business owners, you can expect to reap enormous benefits in the long run.
We are the business partner
you need in Saudi Arabia!
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One-Stop Suite for Business Setup & Operations
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Expert Assistance with Regulatory & Compliance Processes
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Strong Adherence to the Best Industry Practices
Why choose
Saudi Arabia?
Apart from the advantages of the strategic geographical location and easy access to major global markets in Europe, Asia, and Africa, Saudi Arabia offers a welcoming business ecosystem to foreign investors and entrepreneurs from across the globe. Vision 2030, an initiative by the Saudi Arabian government, was launched in 2016 to improve the investment in the country, encourage greater international and domestic private sector participation, and attract foreign investment in the economy.
If you have the entrepreneurial drive within you, company formation in Saudi Arabia can be the perfect catalyst for your hopes and dreams. With experienced professionals at our disposal, we are here to help shape the future of your business in Saudi Arabia’s innovation-driven economy.
3 Reasons that make
saudi
arabia
the ultimate business destination
Tasc corporate
suite of services
Business Setup with an expert advisory team
Liaison with prominent authorities
Approvals from municipal and health authorities
Trade license, administrative, and visa management
Accounting, legal, and staffing solutions
Why Partner
With Us?
Business setup and expansion
Assistance with legal authorizes
Reduce costs, time, and efforts
Support with government approvals
Dedicated managers with industry expertise
TASC CORPORATE
expert guidance and assistance with business setup in Saudi Arabia
A quick overview of
the market opportunity in ksa
Vision 2030 stands to be the driving force behind reorganizing the national economy into a more diverse, private-sector-led structure backed by the largest sovereign wealth fund in the world.
Vision 2030 stands to be the Saudi Arabia is the largest economy, in terms of consumer spend and population, in the MENA region.
Vision 2030 stands to be the In 2019, Saudi Arabia’s stock exchange (Tadawul) was fully included in the MSCI Emerging Market Index, which opened the country’s financial markets to global investors.
Types of Company Registration in
Saudi Arabia
When you want to open a company in Saudi Arabia, you’d have to choose between four main types. They include.
Limited Liability
VIn a limited liability company (LLC), each shareholder’s personal liability will be limited to their contribution to the share capital.
Limited Liability One Person Company
VIn a limited liability It is possible to form a limited liability company (LLC) with a single shareholder who controls 100% of the shares with powers and rights of the Board of Directors, General Manager, and Shareholders General Assembly.
Foreign Company Branch
VIn a limited liability It would be an extension of the parent company in Saudi Arabia. It is easier and quicker to establish branches as compared to JSCs and LLCs.
Joint Stock Company
VIn a limited liability It is the most regulated form of company registration in Saudi Arabia, with regulations set by the Ministry of Commerce and Industry (MOCI).
Steps to open a
company in Saudi Arabia
Before you can start the process of business setup in Saudi Arabia, you must schedule a consultation with TASC. Our experts after taking a complete understanding of your needs will offer their guidance in the following processes
- Step #1
Choosing the Industry and Business structure
In the beginning, you must choose an industry to work in and define the business activities you plan to undertake. It would help in determining whether it’s best to open a company in Mainland Saudi Arabia or a free economic zone. Depending on the choice, it will be possible to outline the type of legal entity and license the company may need.
- Step #2
Looking for Business premises
From 2023, the government won’t issue licenses to foreign enterprises that don’t have a regional office in Saudi Arabia. Because of this reason, the second step of company formation in Saudi Arabia mandates leasing business premises or working with a local service agent.
When you open a company in Saudi Arabia, it’s possible to either seek a mainland premise or a license package in any of the free economic zones.
- Step #3
Getting an Investment License
The third step of company registration in Saudi Arabia involves seeking an investment license. The Saudi Arabia General Investment Authority (SAGIA) will issue this license. After possessing this license, businesses can invest in the Kingdom, set up a foreign brand, or launch a new company. At this stage, obtaining a commercial registration certification issued by the Ministry of Commerce and Investment is also necessary.
- Step #4
Choosing the Industry and Business structure
In the fourth step of company registration in Saudi Arabia, you must submit a couple of additional documents to the Ministry of Commerce, and we can handle this process for you. Our consultants will liaise with the relevant legal bodies to obtain your Issuance of Commercial Registration and Memorandum of Association. In order to register company in Saudi Arabia, you must appoint a General Director and submit the following documents –
- Proof of address and ID of directors and shareholders
- Passport copies of directors and shareholders
- Copy of trade name confirmation
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Bank Reference Letter
As a business owner, you will need a visa to work and live in Saudi Arabia. Our professionals at TASC can provide you with much-needed visa assistance as well.
Some of the perks of company
formation in Saudi Arabia
100% foreign ownership of companies and property in specific industries
Low minimum capital requirements
Zero restrictions on capital repatriation
Ability to sponsor foreign employees (specific to foreign investors)
Tax benefits for companies registered in specific ‘economic cities’ situated in the lesser developed provinces of the Kingdom.
Why choose
TASC corporate services for company formation in Saudi Arabia?
Having the best consultants for company registration in Saudi Arabia, TASC is committed to taking a tailored approach to help streamline the process of setting up your business, regardless of the industry
As your feedback is valuable to us, we’ll remain 100% transparent throughout the process to better understand your expectations.
When you choose us for company formation in Saudi Arabia, you can expect our highly experienced team to initiate
Business registration and setup
Local Sponsorship
Approvals from major authorities
Administrative, trade license, and visa management
Legal, account, and staffing assistance
Building a business from scratch in a new location is easier said than done. Keeping that in mind, we provide the best-in-class assistance for strong business setup in Saudi Arabia
With an extensive knowledge of the dynamic policies of company formation in Saudi Arabia, our business consultants have all the tools and experience they need to make the process easier for you.
If you wish to register your company in Saudi Arabia and want assistance to streamline the process, feel free to reach out to us.