Set Up Your Company
in Saudi Arabia
Saudi Arabia has emerged as a premier business hub, underpinned by its resources that extend beyond oil reserves. The Kingdom is now at the forefront of high-growth sectors including artificial intelligence, real estate, and fintech. Supported by forward-thinking policies aimed at attracting investments and fostering new enterprises, Saudi Arabia offers a dynamic and diverse economic landscape. These advantages make the Kingdom an exceptionally appealing destination for investors and entrepreneurs eager to tap into the Middle East’s vibrant market opportunities.
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Key Advantages of Doing Business in Saudi Arabia
Beyond its well-known economic advantages, Saudi Arabia offers the following advantages to both startups and SMEs:
Robust Business
Framework
The latest iteration of the New Companies Law provides a streamlined and flexible approach to company formation, accommodating various business types and preferences. This modernized framework extends enhanced financing options and numerous advantages to limited liability companies (LLCs), facilitating easier market entry and operation.
Empowering
SMEs
The kingdom’s Small and Medium Enterprises General Authority, Monsha’at, remains a pillar of support for SMEs, offering resources like incubators, accelerators, lending programs, and co-working spaces. These initiatives are designed to bolster the growth and sustainability of both local and international businesses.
Attractive Tax
Regime
Saudi Arabia continues to offer compelling tax benefits, maintaining a competitive edge with a 20% corporate income tax and no personal income taxes. The VAT rate stands at 15%, with exemptions that include exports outside the GCC and services to non-GCC residents.
Economic
Diversification
As part of its ongoing economic diversification efforts, Saudi Arabia is expanding its focus beyond traditional sectors. Non-oil industries are increasingly contributing to the GDP, supported by strategic initiatives that promote sectors like technology, tourism, and green energy.
High Quality
of Life
Saudi Arabia is consistently ranked among the safest countries globally, offering a secure and high-quality living environment. The kingdom provides a cost-effective lifestyle with extensive government services, making it an attractive location for entrepreneurs and expatriates alike.
Start Your Business in Saudi Arabia with
Creative Zone's Flexible Financing
As part of its ongoing economic diversification efforts, Saudi Arabia is expanding its focus beyond traditional sectors. Non-oil industries are increasingly contributing to the GDP, supported by strategic initiatives that promote sectors like technology, tourism, and green energy.
Flexible Monthly Payment Plans: Creative Zone streamlines your business setup with tailored financing solutions. Convert your setup costs into manageable monthly payments through our exclusive banking partnerships. With a minimum spend of just SAR 1,000 on services, you can access easy installment plans on favorable terms.
How It Works:
1
Make Your Purchase:
Start with a minimum transaction of SAR 1,000 on any Creative Zone service using your credit card.
2
Activate Your Plan:
Contact one of our partner banks to convert your purchase into an Easy Payment Plan.
3
Select Your Schedule:
Choose from flexible repayment periods 3, 6, 9,
or 12 months to fit your financial strategy.
4
Enjoy Transparent Terms:
All payment plans follow
clear and straightforward
terms set by our partnering banks.
Choose the Right Structure for Your
Saudi Arabian Venture
Discover a Range of Company Types and Licenses for Your Business
Joint Liability Company (General Partnership):
Best suited for small, closely-held businesses and partnerships, where partners equally share liabilities and management duties, providing a straightforward setup and direct control over business operations.
Limited Liability Company (LLC):
Ideal for businesses seeking to protect owners’ personal assets from company debts, offering limited liability while allowing for a flexible management structure.
Joint Stock Company (JSC):
Designed for large-scale projects requiring substantial capital, with ownership divided into shares that can be traded on the stock market, offering access to public funding and potential for significant growth.
Simple Joint Stock Company (SJSC):
Supports startups and ventures that prioritize flexibility and growth, featuring simplified requirements and flexible management options that facilitate easier setup and scalability.
Limited Partnership Company (LP):
Tailored for businesses that aim to attract investment without relinquishing operational control, combining general partners who manage the business with limited partners whose involvement is restricted to their investment.
Business Licenses
Commercial
License
Suitable for businesses involved in general trading, retail, import/export, and various service industries, providing broad coverage for a wide range of commercial activities.
Industrial
License
Necessary for companies engaged in manufacturing, processing, and industrial production, allowing the import of raw materials and the export of finished products.
Professional
License
Designed for professionals offering specialized services in consulting, IT, training, and other fields, authorizing the provision of these expert services.
Tourism
License
Essential for businesses operating within the tourism sector, such as travel agencies, tour operators, and hotels, enabling them to thrive in Saudi Arabia’s growing tourism industry.
Launch Your Business in Saudi Arabia in 8 Simple Steps
Follow our expert-guided steps
from licensing to launch:
1
Determine Your Business Activities:
Clearly define your business scope to understand the specific operations you will engage in within Saudi Arabia. This step is crucial as it influences the type of company structure and licensing required.
2
Obtain the Necessary Licenses and Approvals:
While a license from the Ministry of Investment (MISA) is commonly needed for foreign investors, your business might also require additional approvals or licenses depending on its specific activities. Our experts are on hand to identify and secure all the necessary permissions from the relevant government entities, ensuring full compliance.
3
Submit Articles of Association:
Prepare and submit your company’s Articles of Association to the Ministry of Commerce, which must be notarized following approval. This document is essential for completing your Commercial Registration (CR) and acquiring your Tax Identification Number.
4
Register Your Company Name:
Choose a name that reflects your business identity and secure approval from the Unified Centre to ensure that the name adheres to local regulations.
5
Apply for Commercial Registration:
Obtain a commercial registration certificate, which confirms your business as legally recognized and authorized to operate in Saudi Arabia.
6
Register Your Company’s National Address:
Registering a national address for your company ensures compliance with Saudi regulations and facilitates smoother communications with government services.
7
Register with Government Departments:
Secure registration with crucial government bodies such as the General Organization for Social Insurance (GOSI), the Zakat, Tax and Customs Authority (ZATCA), and the Ministry of Human Resources and Social Development (HRSD). Each department has specific requirements that your business needs to meet.
8
Open Your Corporate Bank Account:
It is essential to establish a corporate bank account to manage your business finances. We recommend setting up your account soon after receiving your Commercial Registration to streamline financial operations effectively.