Set Up Your Business in
Saudi Arabia Within 30 days*

DuVolks helps with setting up a company in Saudi Arabia for foreign investors and GCC citizens offering complete support from paperwork and permits to registration and compliance.

*Business can be set up within 30 days maximum only if the GM has residency. Otherwise, a maximum of 45-60 days would be required

140+
Businesses Formed
20+
Industries Served
45-60 Days
Turnaround Time

Business Setup Timeline in Saudi Arabia

For GCC Citizens

1

Issuing PoA (Power of Attorney) – 2 to 5 days

2

Trade Name Reservation – 1 to 3 days

3

Selecting Business Activities – 1 to 2 days

4

Drafting and Submitting AoA – 3 to 7 days

5

Issuance of CR (Company Registration Certificate) – 5 to 10 days

6

GCC Citizen Visits Saudi Arabia – Varies based on travel plans

7

Issuing Saudi Residency (Iqama) for GCC Citizens – 5 to 10 days

8

Getting a New SIM Card Under Saudi Iqama – 1 day

9

Activating Absher Account After Enrolling Biometric Data – 1 to 2 days

10

Linking Saudi Residency (Iqama) with CR – 1 to 3 days

11

Activation of Chamber of Commerce Membership – 1 to 3 days

12

Activation of Government Portals (Qiwa, GOSI, ZATCA, etc.) – 5 to 10 days

13

Renting Business Facility – Varies (typically 5 to 15 days)

14

Opening a Bank Account – 5 to 10 days

15

Issuing Baladiya (Municipality) License for the Facility – 7 to 15 days

For Foreign Entities

1

Selecting the Business Activities – 1 to 2 days

2

Preparing Foreign Entity Documents – 5 to 10 days (varies based on document availability)

3

Legalizing Foreign Entity Documents – 7 to 15 days (depends on country of origin)

4

Obtaining an Investment Registration Certificate from MISA – 5 to 10 days

5

Reserving the Trade Name – 1 to 3 days

6

Drafting & Publishing AoA – 3 to 7 days

7

Issuance of CR (Commercial Register) – 5 to 10 days

8

Applying for a GM Visa or Transferring GM Sponsorship – 7 to 15 days

9

Issuing Iqama (Residence) for GM – 5 to 10 days

10

Linking GM Residency (Iqama) with CR by amending AoA – 2-4 days

11

Registering GM with the Chamber of Commerce – 1 to 3 days

12

Activation of Government Portals (Qiwa, GOSI, ZATCA, etc.) – 5 to 10 days

13

Renting Office or Outlet for the Client – Varies (typically 5 to 15 days)

14

Registering National Address – 1 to 3 days

15

Opening a Bank Account – 5 to 10 days

16

Issuing Municipality Commercial License – 7 to 15 days

Disclaimer:
The timelines mentioned above are estimated durations based on standard processing times and may vary depending on factors such as government approvals, document readiness, legal formalities, and procedural changes. Delays may occur due to additional requirements, public holidays, or regulatory updates. We strive to expedite the process as efficiently as possible, but we do not guarantee completion within the specified timeframe in cases of unforeseen circumstances.

Why Start Your Business in
Saudi Arabia?

  1. Game-changing opportunities
  2. Ambitious reform journey
  3. Strategic global location
  4. Attractive property solutions
  1. Young and skilled workforce
  2. Expanding quality of life
  3. Leading financial sector
  4. Investor-friendly country

For the most up-to-date & accurate information,
we recommend consulting with our team directly.

Globe
GDP Icon
$2.354 TN
GDP in 2024
Per Capita Icon
$70,333
GDP Per Capita
Stock Market Icon
12th
Largest Stock Market in the World
Nominal GDP Icon
$1.057 TN
Nominal GDP in 2024
Non-oil Sector Icon
54%
Non-oil Sector's Contribution to GDP
Growth Icon
2.8%
Growth in GDP During Q3 of 2024

How to Start a Business in Saudi Arabia

Find the process below

For Foreign Entities
  1. 1
    Issuing Power of Attorney (PoA)
    If you are not in Saudi Arabia, you must issue a PoA to authorize a representative, such as a business consultant, to handle legal and administrative procedures on your behalf.
  2. 2
    Tradename Reservation
    You must reserve a unique business name in English or Arabic through the Ministry of Commerce. This ensures your business name is available and compliant with local regulations.
  3. 3
    Selecting Business Activities
    Define the specific business activities your company will engage in, ensuring they align with Saudi regulations. Different sectors have distinct rules, so selecting the right category is crucial.
  4. 4
    Drafting & Submitting Articles of Association (AoA)
    Prepare the AoA, which outlines your company's structure, shareholder roles, capital distribution, and profit-sharing. Submit it to the Ministry of Commerce for approval.
  5. 5
    Company Registration Certificate (CR)
    Once the AoA is approved, obtain the CR from the Ministry of Commerce. This document officially registers your business and is required for banking, licensing, and contracts.
  6. 6
    Saudi Residence (Iqama) for GCC Citizens
    Although GCC citizens can enter Saudi Arabia freely, they must obtain an Iqama (residence permit) to run a business, hire employees, and access government services.
  7. 7
    Getting a Saudi SIM Card
    After obtaining your Iqama, purchase a Saudi SIM card from a local telecom provider. This is necessary for business communication and receiving government notifications.
  8. 8
    Activating Absher Account
    Enroll your biometric data to activate your Absher account, a government portal used for managing residency, business, and labor-related services.
  9. 9
    Linking Iqama with CR
    Your Iqama must be linked to your CR to validate your legal authority to operate the business in Saudi Arabia. This process is handled through government portals.
  10. 10
    Chamber of Commerce Membership
    All LLCs must register with the Chamber of Commerce, which provides trade licenses, business verification, and networking opportunities.
  11. 11
    Activating Government Portals
    Register your business on essential platforms, including Qiwa, GOSI, ZATCA, SPL, Muqeem, and Mudad.
  12. 12
    Renting a Business Facility
    Secure a suitable office, shop, warehouse, or factory based on your business needs. Ensure compliance with zoning laws and obtain a lease agreement.
  13. 13
    Opening a Business Bank Account
    Submit your CR, Iqama, and other required documents to a Saudi bank to open a corporate account for business transactions.
  14. 14
    Obtaining a Baladiya (Municipality) License
    This license is required to operate your business facility, ensuring compliance with local safety, health, and environmental regulations.
For Foreign Entities
  • 1 Selecting the business activities
  • 2 Preparing foreign entity documents
  • 3 Legalising foreign entity documents
  • 4 Obtaining an investment license from MISA
  • 5 Reserving the trade name

Read the complete process on our blog

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Eligible to Start a Business in Saudi Arabia?

Answer a few quick questions. Our team will review and let you know if you’re eligible to start a business in Saudi Arabia.

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Check the Cost to Set Up Business
in Saudi Arabia

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Frequently Asked Questions

A MISA (Ministry of Investment Saudi Arabia) license is a mandatory license for foreign investors to set up business in Saudi Arabia. It's the first step in company formation and serves as official authorisation for foreign investment in the Kingdom.

No, GCC citizens don't need a MISA license. They can establish businesses in Saudi Arabia under the same regulations as Saudi nationals, following the Economic Agreement between GCC countries.

Yes, foreign individuals can obtain a MISA license to set up a business in Saudi Arabia. However, they must have premium residency in Saudi Arabia and follow sector-specific regulations for company registration in Saudi Arabia.

• Certificate of Incorporation (CR, Trade License etc.)
• Memorandum / Articles of Association (MoA/AoA)
• Audited Financials
• Power of Attorney

• ID Copy of GCC Citizen
• Passport Copy of GCC Citizen
• Power of attorney

• Joint-stock company
• Limited Liability Company
• Establishment/Sole Proprietorship
• Limited Partnership Company
• Joint Venture

Sometimes, it could take just a few days and at times, it could take a few weeks. The exact time depends upon the bank you have chosen and timely document submissions.



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