Saudi Arabia: Issuing foreign investment licenses in 4 hours

The Saudi General Investment Authority (SAGIA) has reduced the processing time for issuing investment licenses from two days and five hours (53 hours) to 3 hours and 59 minutes. This was made possible through three main changes: restructuring the procedures, reducing the number of required documents and training and qualifying cadres.

Previously, licenses required up to 8 documents but have now been reduced to financial statements and a commercial license certified by the Saudi embassy in the country where the applicant company is located.

Additionally, companies are now able to self-renew their licenses through the self-service available through the SAGIA website.

SAGIA aim to attract investments through facilitating and improving procedures and in the last two weeks alone have granted 17 licenses for foreign enterprises.

Have a question?We can help.

Fill out your details and receive a call back from a consultant