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  • How much does it cost to set up a company in Saudi?

    The cost of setting up a company in Saudi Arabia can vary based on factors such as the type of business entity, the industry, and the specific requirements of the business. Generally, the costs may include registration fees, legal fees, licensing fees, and other related expenses.
    For accurate and up-to-date information tailored to your specific business needs, it is recommended to reach out to a professional business setup service provider. Empowerment Gate specializes in assisting businesses with their start-up processes in Saudi Arabia and can provide detailed insights into the costs associated with establishing a company. For more information and a personalized consultation, please feel free to contact Empowerment Gate.

  • Can a foreigner start a company in Saudi Arabia?

    Yes, foreigners can indeed start a company in Saudi Arabia. In recent years, Saudi Arabia has implemented measures to encourage foreign investment and entrepreneurship. The Saudi government has introduced initiatives to simplify the process of starting a business for non-Saudi.
    Foreign investors are now able to establish businesses in various sectors without the need for a local partner, thanks to the Saudi government’s efforts to attract and facilitate foreign investment. The Vision 2030 initiative aims to diversify the economy and make Saudi Arabia more business-friendly for both local and international entrepreneurs.
    For detailed and personalized information on starting a business in Saudi Arabia, including the latest regulations, procedures, and opportunities, we recommend reaching out to Empowerment Gate. As specialists in business start-ups, we can provide comprehensive guidance tailored to your specific needs. Feel free to contact us for more information and assistance in navigating the process of establishing your business in Saudi Arabia.
    Note: The information provided is subject to change based on regulatory updates, and it is advisable to consult with Empowerment Gate for the latest and most accurate details relevant to your business.

  • Can you own 100% company in Saudi?

    As a general principle, yes, foreigners are allowed to own 100% of the shares in a company in Saudi Arabia, and this is the standard practice in most sectors. However, it’s important to note that there are certain sectors that have specific regulations regarding ownership.
    In sectors such as communication, insurance, re-insurance, real estate financing, and public transportation, Saudi regulations require a local partner with a minimum share, which can vary between 20% and 40%.
    While obtaining a commercial license in the wholesale and retail trade sectors does not mandate a Saudi partner, the capital requirements differ based on whether the company has a Saudi shareholder or not.
    For more detailed information on specific sector regulations, minimum share requirements, and capital considerations, we recommend contacting Empowerment Gate. Our expert team can provide personalized guidance and ensure that you have the most up-to-date and accurate information tailored to your business needs.
    Feel free to contact us for further assistance and clarification.
    Note: The information provided is subject to change based on regulatory updates, and it is advisable to consult with Empowerment Gate for the latest and most accurate details relevant to your business.

  • What is the minimum capital requirement for Saudi Arabia?

    As a general principle, there is no minimum capital required for business establishment in Saudi Arabia. However, it is crucial to be aware that some specific sectors are subject to regulations that stipulate minimum capital requirements.
    In sectors such as wholesale and retail trade, real estate financing, digital brokerage, collection of financing agencies debts, public transportation, and other transportation activities, Saudi regulations necessitate a minimum registered capital, which vary based on the sector between 2M SAR and 200M SAR. While there is typically no requirement for working capital, obtaining a commercial license in the wholesale and retail trade sectors without a Saudi partner mandate a minimum forecast working capital within the first five years. This forecasted capital can range from 200M SAR to 300M SAR, contingent on meeting various requirements.
    Even in sectors where there is no specific minimum capital requirement, establishing a joint stock company entails a minimum of capital, irrespective of the sector. For closed joint stock companies, the minimum capital is generally set at 500K SAR, and in the case of a joint stock company owned by a single individual, the minimum capital is 5M SAR.
    For more detailed information on sector-specific regulations, minimum share requirements, and capital considerations, we recommend contacting Empowerment Gate. Our expert team can provide personalized guidance and ensure that you have the most up-to-date and accurate information tailored to your business needs. Feel free to contact us for further assistance and clarification.

    Note: The information provided is subject to change based on regulatory updates, and it is advisable to consult with Empowerment Gate for the latest and most accurate details relevant to your business.

  • How can a foreigner open a company in Saudi Arabia?

    A: Opening a company in Saudi Arabia as a foreigner involves several steps, and here is a general guide:

    1. Choose foreign investment license type:
      • Choosing the right type of license depends on the economic activities you are willing to practice in Saudi Arabia. There are 19 types of foreign investment license offered by the ministry of investment (MISA), under each type of MISA license there is a variety of economic activities.
      • Choosing the economic activities can be done through the Ministry of Commerce (MOC).
      • Choosing the right type of license that suits the chosen economic activities can be done through the ministry of investment (MISA).
    2. Certify the required documents:
      • The foreign shareholder shall certify the documents required to establishing a foreign investment company in Saudi Arabia, those documents are shareholder company Article of association, Commercial registration, Financial Statements of the last financial year.
      • The required documents shall be certified by the Saudi Embassy and Saudi foreign affair ministry.
    3. Legal Structure:
      • Determine the legal structure for your business. Options include a Limited Liability Company (LLC), a Joint Stock Company (JSC), or a branch of a foreign company.
    4. Reserve a Company Name:
      • Choose and reserve a unique name for your company. This can be done through the Ministry of Commerce (MOC).
    5. Foreign Investment License:
      • Obtain a foreign investment license from the ministry of investment (MISA).
    6. Articles of Association:
      • Draft the Articles of Association outlining the company’s structure, objectives, and other pertinent details.
    7. Commercial Registration:
      • Apply for commercial registration with the Ministry of Commerce (MOC). This process involves submitting required documents, including the foreign investment license and Articles of Association.
    8. Tax Registration:
      • Register for taxation with the General Authority of Zakat and Tax (GAZT). This includes obtaining a tax identification number.
    9. Employer Registration:
      • Register as an employer with the Ministry of Human resources.
      • Register as an employer with the General Organization for Social Insurance (GOSI) to cover employees under the social insurance scheme.
      • Register as an employer on the Qiwa Platform.
      • Register as an employer on the Madad Platform.
      • Register as an employer on the Muqeem platform.
    10. Obtain Necessary Permits:
      • Depending on the nature of your business, you may need additional permits from relevant authorities. For example, health permits for healthcare businesses or licenses from municipal authorities.
    11. Open a Bank Account:
      • Open a corporate bank account in a local bank. This usually requires submitting the company’s documents, including the commercial registration.
    12. Rent Office Space:
      • Secure office space in accordance with local regulations. The location and type of premises might have specific requirements.
    13. Hiring Local Employees:
      • If needed, hire local employees, and ensure compliance with Saudi labor laws.
    14. Ongoing Compliance:
      • Comply with ongoing requirements, such as filing annual reports, renewing licenses, and fulfilling tax obligations.
      For a more detailed and personalized guide, as well as assistance with the entire process, feel free to reach out to Empowerment Gate. Our expertise in business startups in Saudi Arabia can provide invaluable support and guidance.
      Note: The information provided is subject to change based on regulatory updates, and it is advisable to consult with Empowerment Gate for the latest and most accurate details relevant to your business.
  • How much does Saudi investment license cost?

    The initial cost for a Saudi investment license is 12,000 SAR for the first year, with an annual renewal fee of 62,000 SAR. It’s crucial to note that the expenses associated with establishing a company in Saudi Arabia extend beyond just the license fees, encompassing various additional fees and costs. For comprehensive details in this regard, we suggest contacting Empowerment Gate. Our proficiency in business startups, especially in the Saudi Arabian context, positions us as a valuable source to offer precise and customized information according to your business needs.

  • What are the incentives provided to investors by the Saudi government?

    The Saudi government offers a range of incentives to attract and support investors, fostering a favorable environment for business growth and development. Presenting the main key incentives via a short answer will not be efficient. We recommend to see the article in this regard INVESTMENT INCINTIVES IN SAUDI ARABIA

    https://www.investsaudi.sa/en/investor/incentives

  • Do I need a license to sell online in KSA?

    Yes, in Saudi Arabia, an e-commerce business typically requires a license to operate legally. The specific type of license may vary based on the nature of your online business, the products or services you intend to sell, and other factors.
    For more detailed and personalized information on obtaining the necessary licenses and navigating the regulatory landscape for online businesses in Saudi Arabia, feel free to reach out to Empowerment Gate. Our expert team specializes in business startups and can provide comprehensive guidance to ensure a smooth and compliant establishment of your online venture. Contact us for further assistance and tailored support in setting up your e-commerce business in Saudi Arabia.

  • What is a MISA license? is it different than the SAGIA license?

    The Ministry of Investment of Saudi Arabia “MISA”, is a governmental entity which issues all the foreign investment license in Saudi Arabia. Before establishing MISA this role was performed by the Saudi Arabian General Investment Authority “SAGIA”, which became MISA after restructuring. Thus, SAGIA and \ or MISA license are all the same. This license is essential for foreign investors looking to establish a business in Saudi Arabia. MISA plays a pivotal role in promoting and regulating foreign direct investment in the country, facilitating the entry of international businesses into the Saudi market.