Company Registration in Saudi Arabia
Company Registration in Saudi Arabia A Comprehensive Guide Get Started Company Registration in Saudi Arabia: A Comprehensive Guide Are you considering starting a business in Saudi Arabia? One of the first and most crucial steps is the company registration process. Registering your company is not only a legal requirement but also essential for establishing your […]
Business Setup in Saudi Arabia | Company Incorporation
Hassle-Free Business Setup in Saudi Arabia We don’t only help you start your business in Saudi Arabia, we walk with you every step of the way to insure your success Why Choose PROVEN Get a Free Consultation Why Start A Business in KSA? Saudi Arabia offers abundant business opportunities. With its strategic location, strong GDP, […]
Company Incorporation
Company Incorporation What we do Creating a new legal entity is essential for any regional business growth strategy, and at PROVEN, we understand the necessity of being thorough, transparent, and supportive during this process. Therefore, a partner with experience and a proven track record is critical. This is especially true about the finer points of […]
How to Open a Company in Saudi Arabia
Are you an ambitious company looking to expand your business into a vibrant and thriving market like Saudi Arabia? By opening a satellite branch in Saudi, you would have made the correct business decision as the Kingdom offers excellent growth opportunities.
GOSI: INSURING THE FUTURE OF YOUR COMPANY
The General Organization for Social Insurance (GOSI) carries out the social insurance regulations in Saudi Arabia. GOSI collects contributions from employers, covers social insurance according to the law and pays benefits for insured persons or their families. The organization provides medical treatment, allowances and services for injured or disabled individuals or to the families of insured individuals who are deceased, in which case the death pension is received.
GOSI calculations vary across employee nationalities with employees split into three main groups, Saudi Nationals, GCC nationals who have varying contributions and other expat workers. For Saudi nationals in the private sector GOSI contributions equal 22% of the maximum monthly applicable earnings (9% each for the employee and employer for pension contributions, 1% each for unemployment contributions and 2% for occupational hazard which is covered by the employer). The monthly earning combines basic salary, housing allowance and commissions. In-kind housing is equivalent to a two-month basic salary divided by twelve months. Meanwhile, minimum salary 1500 SAR will be counted as half Saudi and minimum salary 3000 SAR will be counted as full Saudi.
Advantages of Outsourcing – how it can help your company
Outsourcing lets small to medium-sized businesses have access to experts with less risk to them in their early stages of growth.
Another shift that we are seeing is that traditionally larger companies would not need to use outsourcing services, however, this is changing as they explore new markets and sectors. Outsourcing gives them access to experts without the need to take on permanent staff.
KSA Business Setup Legal Support
Understanding the Importance of KSA Business Setup Legal Services A Comprehensive Guide Get Started KSA Business Setup Legal Services Legal services play a crucial role in any business or individual’s journey towards success. In Saudi Arabia, legal support is essential for navigating the complex legal landscape and ensuring compliance with local laws and regulations., we […]
Business Setup
Initiate Your Business Setup in Saudi Arabia for Success Embark on your business setup journey in Saudi Arabia today! Secure a complimentary consultation with our experts specializing in setting up businesses in Saudi Arabia Get Started Why Start A Business in KSA? Saudi Arabia offers abundant business opportunities. With its strategic location, strong GDP, and […]
Starting a business in Saudi Arabia
For foreign investors looking to business in Saudi Arabia, there are many misconceptions associated with starting a business in Saudi Arabia.
How to Improve Retail Speed to Market in 10 Easy Steps
Introduction Speed to market is crucial for staying ahead of the competition in our fast-paced retail landscape. At PROVEN, our proficiency in blog writing is rooted in our position as a top outsourcing organization, facilitating seamless business operations in Saudi Arabia since 2009. In this blog, take a journey with us as we explore 10 […]