Embark on your business setup journey in Saudi Arabia today!

No, you do not need to relocate to Saudi Arabia to start a business. You can appoint a local sponsor, also known as a Saudi national partner, to fulfill the legal requirement of having a Saudi partner or agent for certain types of businesses.

Incorporating your company in Saudi Arabia offers several benefits. It provides a stable and business-friendly environment to operate in, access to a growing economy, potential tax advantages, and the opportunity to tap into the thriving Saudi Arabian market.

Various types of companies can be incorporated in Saudi Arabia, including Limited Liability Companies (LLCs), Joint Stock Companies (JSCs), and Branch Offices of foreign companies. The type of company you choose depends on your business objectives, ownership structure, and legal requirements.

The specific documents required for business setup in Saudi Arabia may vary depending on the type of business and legal structure chosen. However, some common documents include a valid passport, visa, company registration certificates, business plan, Memorandum of Association, and Articles of Association, among others.

Yes, as part of our comprehensive services, we can assist with the process of obtaining visas and work permits for your employees. Our team will guide you through the necessary requirements and procedures to ensure legal compliance.

While there are certain restrictions on foreign ownership in some industries, Saudi Arabia has introduced reforms to encourage foreign investments. Many sectors now allow full or partial ownership by foreigners, making it an attractive destination for international businesses.

The timeframe for company incorporation can vary depending on factors such as the type of company, completeness of documentation, and government processing times. On average, it can take several weeks to a few months to complete the entire process.

Yes, our company provides comprehensive post-incorporation services to ensure a smooth transition and ongoing compliance. This includes assistance with obtaining necessary permits and licenses, tax registration, opening bank accounts, and ongoing corporate secretarial support.

After incorporating your company, you will have certain compliance obligations, such as filing annual financial statements, holding regular shareholder meetings, and fulfilling taxation requirements. Our team can guide you through these obligations and assist with maintaining compliance.

To start a business in Saudi Arabia, it is recommended to consult with a professional firm like PROVEN. We can guide you through the entire process, including choosing the right legal structure, obtaining required licenses and permits, completing registration procedures, fulfilling documentation requirements, and providing ongoing support for your business operations.

As a business owner, you can apply for residency in Saudi Arabia by fulfilling the requirements set by the Ministry of Interior. This typically includes having a valid commercial registration (CR), a leased office space, meeting capital requirements, and proof of financial stability. PROVEN can assist you with the residency visa process and provide guidance on the specific requirements.

Yes, certain industries in Saudi Arabia have specific regulations and licensing requirements. Our team is well-versed in the local legal framework and can provide guidance on any industry-specific licenses or permits your business may require.

Yes, we can assist you in finding a suitable business location or office space in Saudi Arabia. Our network and local knowledge enable us to identify viable options that align with your business needs and objectives.

Absolutely. Our experts can provide guidance on taxation and tax planning for your company in Saudi Arabia. We will ensure that you are aware of your tax obligations and help you structure your business operations in a tax-efficient manner.

Certainly. We can provide you with an overview of the legal and regulatory framework that businesses need to navigate in Saudi Arabia. This includes information on company law, labor regulations, intellectual property rights, and any recent legal developments relevant to your industry.

Yes, foreigners can start a business in Saudi Arabia. The government encourages foreign investment and has implemented various reforms to streamline the process of company incorporation for non-Saudi individuals and entities.

To expedite the company formation process, it is recommended to engage the services of a professional firm like PROVEN. We have the expertise and local knowledge to efficiently handle the necessary procedures, paperwork, and liaisons with relevant authorities to accelerate the incorporation process.

Saudization, also known as Nitaqat, is a policy implemented by the Saudi Arabian government to encourage the employment of Saudi nationals in the private sector. It aims to reduce unemployment rates among Saudis and increase their participation in the labor market.

Saudization requirements vary depending on the size and type of business. Employers must meet specific quotas by employing a certain percentage of Saudi nationals in their workforce, failing which they may face penalties or restrictions on their operations.

To obtain a business visa in Saudi Arabia, you need to fulfill the requirements set by the Ministry of Foreign Affairs and the Saudi embassy or consulate in your home country. Generally, you will need an invitation letter from a Saudi business partner or sponsor, a valid passport, and other supporting documents.