What You Need to Know About Company Incorporate In Saudi Arabia
If you don’t have the proper guidance of a reputable service consulting firm, the process of company incorporate in Saudi Arabia can be a tough and challenging one. There are strict regulations, and businesses have to adhere to complex formalities before getting a license. At 3E Accounting, we provide detailed business reports for potential investors in Saudi Arabia, and we also help in the business formation process. You can contact us irrespective of the business entity you are interested in registering. Furthermore, we are a competent team of legal experts, tax experts, and business consultants. Thus, we not only register your business but provide you with every corporate assistance you need for doing business in Saudi Arabia.
About the Foreign Investment Environment in Saudi Arabia
The Kingdom of Saudi Arabia has put in place extremely favorable investment policies designed to attract foreign investors. One notable aspect of the policy is the foreign capital investment license. With this license, foreign companies have the liberty of enjoying all the privileges enjoyed by companies with local ownership. This lets companies enjoy freehold properties and real estate. At the same time, they receive the benefits of not being subjected to double taxation.
Additionally, the region is primarily an oil-producing country. Just like any other country blessed with black gold, the economy of Saudi Arabia is extremely vibrant. So it comes as no wonder that the population has very high purchasing power. Irrespective of the business you are interested in, you will have higher chances of success if you get things right, and we are here to help you with every process of company incorporate in Saudi Arabia.
Types of Legal Entities You Can Register in Saudi Arabia
The Kingdom of Saudi Arabia allows the registration of the following business entities-:
- General Partnership
- Limited Partnerships
- Joint Stock Company
- Limited liability company
- Cooperative company
- Variable Capital company
If you need specific information on the particular requirement needed to form any of the above entities, kindly feel free to contact our business consultants for the finer details. Based on the business goals you wish to achieve, we will also advise you on the most suitable business entity to register so that you have higher chances of getting the results you want.
The Compulsory Steps for Company Registration in Saudi Arabia
The very first step for company incorporate in Saudi Arabia is deciding on the type of business. This will then be followed by the registration of the business name with the Ministry of Commerce and Trade. The name must be unique and must not be in use by any other company or business in the country. You can do both the name search and the name registration on the ministry’s website.
After successful name registration, the next step will be to submit the statutory documents. In Saudi Arabia, the Ministry of Commerce and Industry handles the documents. The documents will vary based on the business entity you want to register. The investor needs to personally collect the documents, fill them up and sign them before a public notary within Saudi Arabia.
We have a team of business consultants specializing in the processes for company incorporate in Saudi Arabia, and we are ready to offer you with assistance regarding the legal aspects as well as all the legal documentation needed for successful incorporation. With us by your side, you will simplify the incorporation process, save time and spend less in establishing your new entity in Saudi Arabia.
Contact us today for more details.