Business Setup in Saudi Arabia

How to setup a business in Saudi Arabia?

PRE-SETUP

Explore our comprehensive pre-checks service, where we meticulously examine your business plan and provide expert guidance on crucial aspects such as corporate legal forms, optimal corporate structure, shareholder arrangements, licensing prerequisites, documentation requirements, Saudization compliance, and strategies for employment visas.

INCORPORATION

Set your business on the path to success with our comprehensive services that encompass the vital initial steps of company establishment. From securing your desired company name to obtaining an Investment license from MISA and completing the registration process, we handle all the legal and administrative formalities required for business registration in KSA.

POST INCORPORATION

Once you have obtained the necessary licenses, the next crucial step is obtaining authorization to hire staff and grant visas. It entails registering with the required government ministries and departments, including the Ministry of Interior, Ministry of Labor, GOSI, DZIT, and the Chamber of Commerce’s online portal.

Process Timeline for KSA Company Formation

• Pre-Checks

  Within a span of two working days, our team will provide expert advice and guidance on the pre-checks required for your business.

• MISA License

  The approval process for a The Ministry of Investment of Saudi Arabia (MISA) license typically takes approximately few working days.

• Commercial Registration

  Typically, the issuance of the Commercial Registration (CR) takes approximately two weeks.

• Post Incorporation

  The post-incorporation process includes registering with various government portals.

• GM Visa

  The issuance of a General Manager Visa typically occurs within a swift timeframe of just two days.

Why Choose HLB HAMT for Company Formation in Saudi Arabia?

Extensive Experience

With years of experience in company formation, we have a deep understanding of the Saudi Arabian market and regulatory environment.

Personalized Approach

We believe in building relationships with our clients and providing tailored solutions to meet their specific requirements.

Professional Expertise

Our team consists of skilled professionals with in-depth knowledge of Saudi Arabian business laws, practices, and cultural norms.

Timely and Efficient

We value your time and strive to deliver services in a timely and efficient manner.

Confidentiality and Trust

All your sensitive information gets handled with the highest level of discretion.

Cost-effective Solutions

Discover our cost-effective solutions for company incorporation that are tailored to your specific needs.

Hassle-free Process

Our dedicated team handles all the complexities, paperwork, and legal formalities in company incorporation, allowing you to focus on your core business activities.

Business Setup Services in Saudi Arabia

Trust us to deliver the highest level of service and support as you embark on your business setup journey.

• Portal’s registration
• GM Visa issuance
• Bank account opening assistance
• MISA Investment License
• MCI Commercial Registration
• Chamber of Commerce Registration
• Saudization Consultancy
• Business Visa Services

Business Setup Licenses in KSA

The investor must acquire the necessary government licenses to start any business in Saudi Arabia. Our services ensure a fast and convenient licensing process for foreign and GCC companies, eliminating unnecessary complications. Our team of experts offers a wide range of services that includes company incorporation procedures and post-incorporation services so you can carry out business activities smoothly.

Explore the Potential Opportunities of 2030 Saudi Vision

Investing in the Kingdom’s Vision 2030 can prove to be a prudent choice since the initiative strives to revolutionize the Saudi Arabian economy and society. By promoting economic diversification, fostering the growth of non-oil industries, and encouraging greater private sector involvement, the plan seeks to establish fresh avenues for flourishing economic development, generate employment opportunities, and underscore the social and cultural diversification within the Kingdom.

Why Investing in Saudi Arabia is a Strategic Move?

• Futuristic Opportunities
• Paramount Global Location
• Captivating Real Estate Solutions
• Dynamic Young Workforce
• Enriched Lifestyle
• Thriving Financial Sector

Major sectors that offer investment opportunities in KSA

• Financial Sector
• Renewable Energy Sector
• Information And Communication Technology
• Construction & Real Estate Sector
• Tourism Sector
• Healthcare Sector

Saudi Premium Residency Scheme

The Kingdom of Saudi Arabia, driven by its ambitious Vision 2030 reform plan has introduced the Saudi Premium Residency Scheme. This scheme offers expatriate investors and business owners a pathway to obtain residency visas with privileges comparable to those enjoyed by Saudi nationals.

The Premium Residency Scheme provides holders with the right to live, invest, work, own property, and establish businesses in the Kingdom. Notably, premium residency visa holders enjoy economic privileges and can freely travel to and from Saudi Arabia without requiring sponsorship from a Saudi national.

Two options are available under the Premium Residency Scheme:

1. Permanent Residency (SP1): This option offers indefinite residency with a fee of 800,000 SR.
2. 1-year Renewable Residency (SP2): This option is renewable annually, with a more affordable fee of 100,000 SR.

For individuals who find the premium residency visa financially challenging, alternative options include the Saudi Iqama Visa and the Investor Visa. While these visas have their own limitations, they provide opportunities for individuals to reside or invest in Saudi Arabia, respectively.

How to Get a Premium Residency Visa in KSA?

The application process for the premium residency visa is overseen by the Saudi Arabia Procurement Regulatory Commission (SAPRC) in collaboration with the Saudi Council for Economic Affairs and Development.

Step 1: Complete the Visa Application

Step 2: Submit Documentation

These may include a valid passport, clean criminal record, health report obtained within the past six months (confirming freedom from contagious diseases), proof of valid residency status (if applying from within Saudi Arabia), and evidence of financial solvency.

Step 3: Pay Fees: Based on your chosen visa option (SP1 or SP2), you will need to pay the appropriate fees.

Step 4: Receive Approval: The timeline for approval is not explicitly specified. However, applicants should anticipate that the process may take some time.

Step 5: Visit a Saudi Embassy which is Optional:

If you are applying for the premium residency visa from outside Saudi Arabia, you may need to visit the nearest Saudi embassy or consulate to collect your visa. Ensure that you bring physical copies of the documents submitted with your application.

Sponsorship and Dependents

Under the premium residency visa, family members who are dependents of the SP1 or SP2 visa holder are covered automatically, eliminating the need for separate applications or additional fees. Additionally, those with SP1 and SP2 visas can sponsor the trip of non-dependent relatives including grandparents, aunts, and uncles.

HLB HAMT offers professional support to streamline the application process and help you avoid common challenges. Our experienced team provides expertise in document preparation, ensuring accuracy and completeness. We work closely with you to facilitate effective communication and simplify the entire process.

Schedule a consultation to learn more about our services in KSA.

Call us +971 4 327 7775 or email to dubai@hlbhamt.com to reach our experts.