Business Set Up

Business Setup in Saudi Arabia

 Business Setup in Saudi Arabia | Saudi Business Setup

As you already know, we are the leading business setup company in Saudi Arabia. Setting up a business in Saudi Arabia involves a large process that includes several crucial steps. Foreign investors should first choose a business activity that fits the Saudi Arabian Standard Industrial Classification (SASIC) system. They should then register a business name with the Ministry of Commerce and Investment. In addition, they need to get a foreign investment license from the Saudi Arabian General Investment Authority (SAGIA), deposit share capital in a Saudi bank account, and finish the commercial registration process. In Saudi Arabia, it is important to get the right licenses and permits, open a bank account, hire and register employees, and meet legal and regulatory requirements when setting up a business. It's important to consider legal requirements, cultural sensitivity, regulations, language, market competition, and access to skilled labor.

Foreign investors should seek professional help, network, stay informed, consider regional differences, plan for the long term, and follow compliance and ethical practices. We can help you with the process of setting up your business, making sure everything goes smoothly and you have a successful start. The main business options for foreign investors in Saudi Arabia are the Limited Liability Company (LLC), Joint Stock Company (JSC), Branch or Representative Office, Sole Proprietorship, and Partnership. It's important to understand the complex process and stay updated on the latest developments to succeed in business in Saudi Arabia. Opening a business in the Kingdom requires careful attention to various aspects and a good understanding of the local business environment.

Benefits Saudi Business Setup

Saudi Business Setup there are numerous benefits to starting your business in Saudi Arabia, depending on the type and nature of your business. Some of the most possible benefits are:

01

Game-changing opportunities

02

Ambitious Reform
Journey

03

Strategic Global
Location

04

Attractive Property
Solutions

05

Young and Skilled Workforce

06

Expanding Quality of Life

07

Leading Financial Sector

Saudi Arabia - A Soaring Economy

Saudi business landscape supports foreign investments . Now is the right time to expand your successful business to the Kingdom!

 Business Setup in Saudi Arabia | Saudi Business Setup
$1,108 BN Nominal GDP in 2022
 Business Setup in Saudi Arabia | Saudi Business Setup
$793 BN Real GDP in 2022
 Business Setup in Saudi Arabia | Saudi Business Setup
$34,441 GDP per capita in 2022
 Business Setup in Saudi Arabia | Saudi Business Setup
46.6% Non-oil sector's contribution to GDP in Q1 2023
 Business Setup in Saudi Arabia | Saudi Business Setup
9th Largest stock market in the world & largest in the MENA region (Tadawul)
 Business Setup in Saudi Arabia | Saudi Business Setup
71% (2022) of Saudi population under the age
of 35

MISA (Foreign Investment License)

 Business Setup in Saudi Arabia | Saudi Business Setup

The Ministry of Investment is a government agency that grants international corporations permission to operate in Saudi Arabia without the involvement of a local partner. This is a mainland licence that is entirely owned by foreigners. The MISA Investor Licence is available to enterprises of all sizes incorporated in the Kingdom. We license the majority of company activity in the services industry.

Our team specialises in assisting foreign investors with the application process, obtaining necessary documents, and providing ongoing support throughout the licencing process to obtain a MISA (Ministry of Investment Saudi Arabia) investment licence in Saudi Arabia.

Types of MISA Licenses

Commercial License

Services License

Manufacturing License

License for a Scientific and Technical Office

Temporary certificate to submit proposals for government projects

Real Estate License

Temporary licenses for the performance of a government/ semi-government contract

License for transport

Consulting License for Engineering Offices

Entrepreneur Licenses

Consulting License for Technical & Economic Communication Offices

License for Serving agents and providing workers services

Licensing of Audiovisual Media

Licensing of Printing & Publishing

Professional license with Saudi shareholder

Temporary licenses for the performance of a government/ semi-government contract

License for transport

Consulting License for Engineering Offices

Process
Mandatory Documents
Certificate of Incorporation (CR, Trade License etc.)
Memorandum / Articles of Association (MoA/AoA)
Audited Financials
Power of Attorney
01
Booking your free Consultation with DVBS Licensing Expert
02
Appointment of DVBS as your licensing Consultant
03
Identifying the types of
MISA License
04
Select your business activities
05
Preparation of Foreign Entity Documents
06
Legalization of Document from the country Parent Company (Courts,Ministry of External Affairs,Saudi consulate/Embassy & chamber of commerce)
01
Obtain an investment license from the Ministry of Investment Saudi Arabia (MISA)
02
Name
Reservation
03
Preparation of AoA
04
Issuance of CR
(Commercial Register)
01
Applying for
GM Visa
02
GM Visiting
Saudi Arabia
03
Activation of Saudi Residence Permit for GM
04
Registering GM with Chamber
of Commerce
05
Activation of Govt. Portals (ZATCA,MHRSD,QIWA,MUQEEM,GOSI,MuDAD)
06
Registering National Address
07
Opening Bank Account

DuVolks - Synonym for a
swift and competent partner

We have a team of professionals with years of expertise managing these sorts of procedures that can assist you in obtaining your MISA licence quickly and efficiently.

 Business Setup in Saudi Arabia | Saudi Business Setup

Phase – 1

25-30 W. Days

Foreign Company Documentation works

Attestation of documents abroad

 Business Setup in Saudi Arabia | Saudi Business Setup

Phase – 2

5-7 W. Days

Issuance of Investment License (MISA)

 Business Setup in Saudi Arabia | Saudi Business Setup

Phase – 3

10-15 W. Days

Documentation of AoA

Issuance of Commercial Registration (CR)

 Business Setup in Saudi Arabia | Saudi Business Setup

Phase – 4

10-15 W. Days

Activation of Govt.
portals

(HRSD, GOSI, Qiwa, Muqeem, Mudad, Zatca, SPL, Balady)

GCC LLC

Being a Gulf council corporation (GCC) memebr, Saudi arabia allows the citizens of other GCC countries to invest and start their business in the kingdom without a MISA License. A GCC citizen investor can form a limited liability company or an Establishment.

 Business Setup in Saudi Arabia | Saudi Business Setup

Mandatory Documents
ID Copy of GCC Citizen
Passport Copy of GCC Citizen
Power of attorney

Phase 01 (Documentation)

Booking your FREE Consultation with DVBS Licensing Expert

Appointment of DVBS as your Licensing Consultant

Identifying the type of Business Industry

Select your business activities

Legalization of PoA from the country of Parent Company (Courts,Ministry of External Affairs, Saudi consulate/Embassy & chamber of commerce)

Phase 02 (Incorporation)

Name Reservation

Preparation of AoA

Issuance of CR (Commercial Register)

Phase 03 (Post-Incorporation)

GCC Citizen Visiting Saudi Arabia

Activation of Absher Platform

Registering with chamber of Commerce

Activation of Govt.Portals

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