Our Mission & VISION
Our mission is to facilitate seamless business establishment with precision and care. Through meticulous planning,expert execution, and unwavering dedication to excellence, we aim to exceed client expectations in every aspect of business setup.
Empowering entrepreneurs and businesses by providing comprehensive, reliable, and innovative solutions for seamless business setup
Why Saudi Arabia?
Apart from the obvious advantages of the Kingdom’s geographical location and its easy access to Africa, Asia, and Europe, there is a lot of effort being made by the Saudi government to drive business to the Kingdom. The Saudi Arabian government launched the Vision 2030 initiative in 2016 to improve the Kingdom’s investment climate, attract increased foreign investment ,and encourage greater domestic and international private sector participation in its economy. The Kingdom is outlining some key business incentives and opportunities to attract investors.The Vision 2030 initiative is seeking to increase private sector's contribution from 40% to 65% of GDP.
Our process
Company Formation Process in Saudi Arabia
Set up a 100% foreign owned company in Saudi Arabia. We provide expert company formation solutions that will safeguard and maintain control of your company and group’s presence in Saudi Arabia. Save time and money by setting up your business in Saudi Arabia.
Prepare Company Incorporation Document
REGISTER WITH MINISTRY OF INVESTMENT OF SAUDI ARABIA (MISA)
Finalize Company Documentation - Articles of Association
Receive Commercial Registration (CR) License for the company.
Select Business Premises & Register National Address
Complete Post Incorporation Registration
General Manager(GM) Visits KSA to complete Residency (Iqama) Visa.
Register GM on the company books & with Government Authorities.
Meet with bank to sign & apply for KSA Corporate Bank Account.
Portal Systems in Saudi Arabia
QIWA
General Organization Social Insurance (GOSI)
Absher & NAFATH
Mudad
Zakat
GeneralAuthority Zakat & Tax (GAZT)
Saudi Arabia Business Setup
Our Services in Company Formation:-
• 100% Foreign Ownership
• Limited Liability Company(LLC), One PersonLLC
• Closed Joint Stock Company (CJSC) andSimplified CJSC
• Branch Office, Regional Headquarters (RHQ),Visa and Licenses:
• General Manager Iqama Application
• Visa processing ,renewals and cancellations
• MISA License applications & renewals
• Regulatory licenses (subject to assessment)
• Commercial registration renewals
All Corporate Services:
• Accountancy & Bookkeeping
• VAT registration and Tax advisory HR Consultancy Services
• Nitaqat Quotas
• Payroll and WPS assistance
• Company Secretarial Services
• Compliance Services - AML, KYC and DD Bank Account Opening Assistance
• Interim General Manager Services
• Document Attestation and Legal Drafting &Translation Regulatory Approvals
• Saudization requirements
• KSA Government Portal Maintenance - GOSI,QIWA etc. Company Secretarial Services
Company Formation Services
Registration through the Ministry of Investment Saudi Arabia (MISA) is the first step insetting up a foreign-owned business in Saudi Arabia. MISA is the gateway to permission to operate in the Kingdom with the primary goal to facilitate and encouraging foreign investment. Local and fully owned GCC national companies are set up directly through theMinistry of Commerce. The principal business entities in the Kingdom include Limited Liability Company (LLC), Branch of a foreign entity and a Regional Head Quarters (RHQ). However, the most common is the Limited Liability Company (LLC) for which100% Foreign Ownership is permissible throughMISA and is applicable from day one. This makes it appealing to foreign investors and applies to many business activities. However, there are some activities which require a Saudi National Shareholder to be active in the business and become a true 25% Shareholder, e.g.Engineering & Consultancy.
It is essential to obtain independent tax and legal advice, specific to your companies operations in Saudi Arabia before setting up in the Kingdom.
Before Setting Up in Saudi Arabia
MISA typically will only consider a foreign business if it has: Profitable accounts- The company has an established track-record (minimum one year) and can demonstrate profitable, audited accounts in the last financial year.
Parent Company Trade License - MISA requires submission of the parent company trade license which should be legalised and attested in the home country, as well as submitting other documents such as Articles of Association (AoA). Appoint a General Manager- The business must also be willing and able to appoint an individual as General Manager who will obtain residency in Saudi to open/operate a Bank account, amongst other mandatory formalities.
1st Hire - The first hire after the GM must be a SaudiNational. Saudization is measured on a scale through the Nitaqat(Quota) rating system and business should be willing to embrace “Saudization”initiatives as bad Saudization scores have operational implications.
LLC & Foreign Ownership
A LLC is one of the most common forms of legal entity opted for by foreign investors when making market entry to the Kingdom and is well regarded and widely used. The Ministry ofInvestment of Saudi Arabia (MISA) offers foreign ownership of a company in theKSA without a local partner and minimal government restriction. MISA registration/license is required for a business to establish with 100% foreign ownership in Saudi Arabia.
