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QATAR FAQ
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Yes, foreigners can apply to set up a business in Saudi Arabia and have 100% ownership. Ministry of Investment of Saudi Arabia (MISA) will issue a business license to foreign investors.
The minimum requirement for starting a 100% foreign owned business in Saudi Arabia is, the foreigner must have a company outside Saudi Arabia for more than 1 year. These requirements will be changed according to the activity you are planning to start in Saudi Arabia.
Here's a concise version of the types of investor licenses for businesses in Saudi Arabia:
- Industrial License: Needed for manufacturing or industrial activities.
- Service License: For service sectors like consulting, IT, finance, healthcare, and education.
- Trading License: Required for trading, importing, exporting, and distribution.
- Contracting License: For construction and contracting services.
- Real Estate License: For real estate development and management.
- Energy License: Energy sector, including oil, gas, and renewables.
- Telecom & IT License: Telecommunications and information technology
- Tourism License: For tourism, travel services, and hospitality.
- Media License: Media, publishing, broadcasting, and advertising.
- Medical License: Covers healthcare services, clinics, and equipment
- Educational License: Establishing educational institutions
The time required to complete the licensing process for a business in Saudi Arabia varies. It can take 2 weeks to 3 months, depending on factors like business type, documentation, and other processing. After application submission, there's a review period, potential additional approvals, legal steps, and setting up the physical location. Staying updated with authorities and having complete documentation can help expedite the process.
There are 4 Economic Cities, 5 Special Economic Zone and 36 Industrial Cities in Saudi Arabia. All these offer flexible regulations and incentives to foreign investors depending on the business license and type of activity.
Yes, the authorized signatory is physically required in order to open the bank account in Saudi Arabia. For other procedures the physical presence is not required.
The Ministry of Investment Saudi Arabia (formerly SAGIA) grants an investment license to foreign companies to legally operate and conduct business activities within Kingdom.
The corporate tax in Saudi Arabia is 20% annually of the net profit.
We provide flexible options of packages that fit your needs and budget. Please get in touch with us for more details about our packages or how we can create a custom package for you.
An office address of your company or firm is required for registering your business and official business communications..
Trade licenses get issued within a span of 7-15 days post the application submission.
Yes, a foreigner can start a business in Saudi Arabia. However, you need to have an investment license to start a business in Saudi. We can help you with this, all you need to do is get in touch with us.
