21 Mar Steps to establish a company in Saudi Arabia
The steps to establish a company in Saudi Arabia , for non-Saudis, need many important procedures.
Through which you will be able to conduct your business quickly without any complications.
So we will get to know you today through this article, About the most important steps needed to start your investment project in Saudi Arabia.
خطوات تأسيس شركة في السعودية
The Kingdom of Saudi Arabia, Legislating several new laws.
attract more investors around the world, This is through the new investment law, which grants many advantages to encourage investment activity.
Among the most important steps that any company needs to establish an economic entity in Saudi Arabia are the following:
- An original of the company’s commercial registration document, Provided that it is documented by the Saudi Ministry of Foreign Affairs, In addition to the Saudi Embassy.
- A true copy of the company’s owner card, Documented and approved by the Saudi Embassy. and the Saudi Ministry of Foreign Affairs.
- If the director of the company is a Saudi national, Requests a copy of the national ID, Either if he is from the Gulf or one of the Arab countries, He asks for a true copy of his passport. In addition to the national identity. Provided that it is documented by the Saudi Ministry of Foreign Affairs and the Saudi Embassy.
- A certificate stating that the owner of the company is not wanted in any financial or criminal cases (certificate of good conduct) authenticated by the Saudi Ministry of Foreign Affairs and the Saudi Embassy.
- In the event that the commercial activity of the owner of the company requires the issuance of any licenses, It must be extracted first before the incorporation process.
- Deposit of at least twenty-five thousand Saudi riyals in a local bank, Provides a document proving it.
- Submission of a legal power of attorney to open a new company. Documented by the Saudi Ministry of Foreign Affairs and the Saudi Embassy.
- True copy of the company’s lease or ownership contract.
all of the above items, They are the papers needed to establish a new company in Saudi Arabia . The following are the procedures that will follow.
- The owner of the company should go to the Ministry of Investment and Trade. To choose a name for the company that stems from its activity.
- An official request is submitted to the Ministry of Investment to open a new company or branch in Saudi Arabia.
- Obtaining the initial approval for your investment project from the concerned authorities.
- After completing all the aforementioned procedures, The company must register with the Chamber of Industry and Commerce.
- Finally, the company’s commercial registration is obtained.
What are the fees for setting up a company in Saudi Arabia?
The Kingdom of Saudi Arabia, Determining the value of the fees for the establishment of new companies on its land.
And they are as follows:
- The fees for the company incorporation application are two hundred Saudi riyals.
- If the company is a limited liability company, the fees are one thousand two hundred Saudi riyals. If it is a joint-stock company, the fees will be one thousand six hundred Saudi riyals.
- The fees due for participation in the Chamber of Commerce are two thousand and two hundred Saudi riyals.
If you are looking for the best companies specialized in completing all procedures to establish your investment company.
All you have to do is communicate with Itqan Investment Services Company , as it is one of the most important companies providing services to businessmen in all investment fields. This is because it has the best specialized human cadres through which it can obtain all the investment advice that it needs in the future.
Also, among its services is the completion of all procedures required to register your company and start your investment project as soon as possible and at the lowest cost.
That is why Itqan is considered one of the pioneers of investment services companies in all Gulf countries.