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
Why Start A Business in KSA?
Saudi Arabia offers abundant business opportunities. With its strategic location, strong GDP, and economic reforms, it provides a favorable environment for foreign investors. The country’s young and educated population serves as a skilled workforce, while the government offers incentives like tax exemptions and land grants. These factors make Saudi Arabia an attractive destination for entrepreneurs seeking to expand their business operations.
What Else We Can Do?
Company Incorporation
Our services include expert assistance with all the necessary documentation for company incorporation, ensuring a smooth and legally compliant process.
Company Registration
We handle the entire company registration process, helping you navigate the necessary procedures and requirements to ensure your business is officially registered with the relevant authorities.
Legal Support
Our legal support services encompass all aspects of associate documentation, ensuring that all agreements, contracts, and legal paperwork are properly drafted and executed to protect your business interests.
Company licensing
We facilitate the process of obtaining the necessary licenses and permits for your business, ensuring compliance with local regulations and enabling you to operate legally and confidently in Saudi Arabia.
Iqama
Our IQAMA facilitation services assist businesses and their personnel with obtaining and renewing the required residency permits, ensuring compliance with Saudi Arabian laws and regulations.
Corporate Banking
We provide expert facilitation services for corporate bank account opening and financing, streamlining the process and helping you secure the resources you need to succeed.
Saudization Services
Our Saudization compliance services assist businesses in meeting the necessary quotas for Saudi national employment, ensuring compliance with local labor laws and regulations.
Ready to expand your business in Saudi Arabia?
Let PROVEN handle the complexities of company incorporation so you can focus on conquering your business goals.
Why Choose PROVEN?
01
Local Expertise
Our experts have years of experience navigating the Saudi market to ensure a smooth and compliant expansion.
02
One-Stop Solution
We handle HR, immigration, payroll and compliance to simplify your expansion journey.
03
Personalized Approach
We offer tailored solutions and expert guidance that fit your unique business needs and aspirations.
04
Growth-Focused Strategies
We help you not just enter, but thrive in the Saudi market and maximize your success potential.
05
Proactive and Reliable
We anticipate your needs, provide transparent communication and build long-term partnerships.
Don't miss out on the tremendous growth opportunities in Saudi Arabia.
Our Process
PROVEN provides a strategic and consultative approach to their clients when setting up new business in KSA.
The incorporation procedure is divided into 4 phases.
First Stage
01
Consultation
02
Entity License Stage
03
Obtaining Special Approval
04
Secondary Registration Stage
Second Stage
01
Document Legalization and Attestation Services
Legalization, Attestation of documents, certificate required from Saudi Embassy
02
Visa Endorsement Support
Visa endorsement support in home/resident country
03
Government Approval Support
Entities with restricted activities must refer to the relevant government authority for approval, for example the Ministry of Energy, Industry and Mineral Resources for industrial projects. We can support you with this request
04
Payroll Management Services
Payroll management for General Manger and Saudi National (first two employees onboarding and payroll
Contact our expert team at PROVEN to discuss your company incorporation needs and explore how we can support your success in Saudi Arabia.
FAQs
Starting a business in Saudi Arabia offers numerous benefits, including access to a growing market, strategic location, a skilled workforce, government support through incentives and initiatives, favorable taxation policies, and opportunities for partnerships and collaborations with local and international companies.
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.
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