Get Started in the Kingdom of Saudi Arabia
Advising Foreign Companies Since 1969
Setting up Business in Saudi Arabia
100% Foreign Ownership Company
Are you considering starting your business in Saudi Arabia?
Whether you are from the United States of America, the United Kingdom, China, Russia, the United Arab Emirates, and other significant and industrial countries in Europe, the Far East or the Middle East and North Africa region, It’s an exciting time to do business in the Kingdom of Saudi Arabia . At the same time, it requires right approach and most feasible form of set up for making investments. At AlGhazzawi & Partners, we get things done in a right manner.
With the new opportunities which the kingdom is actively pursuing in line with its Vision 2023 initiative to attract skilled professionals and foreign investors who can contribute to its economic and social transformation, Saudi Arabian commercial landscape is rapidly changing. As part of this initiative, the Kingdom has recently revamped its New Companies Law, Premium Residency Program and host of other laws and regulations to provide a more appealing and flexible framework.
For over five decades, we have been working with our clients to create strategies for market entry including new business structuring, mergers and acquisitions, franchising/distribution agreements, financing arrangements, Intellectual property protection, taxation, employment, and real estate. In fact, the firm had been in the forefront in assisting foreign entities in them forging business transactions.
Here are some considerations to guide you through the process
Presence in Saudi Arabia or Delegating Tasks:
A simple (Zoom meeting) with our specialized team will help us understand your needs.
Under the New Companies Law, there are several options available foreign investors, each with its own nuances: Limited Liability Company, Joint Stock Company, Simplified Joint Stock Company. These entities require fulfilment of specific criteria and conditions based on their capital structure. It’s crucial to recognize that these prerequisites may differ from similar company types in other countries.
Ministry Approvals and Licenses:
Our team will handle obtaining approvals from the Ministry of Investment, sparing you from any in-person meetings or document submissions. After obtaining the investment license, we’ll assist with incorporation applications, bank account setups, and registrations with different governmental and quasi governmental agencies.
No matter the industry—be it Financial services, Healthcare, Insurance, Manufacturing, Contracting and Construction, Hospitality and Tourism, Real Estate, Telecommunications, Education, Agriculture, Retailer, or another sector—rest assured, our team will secure all essential licenses from the appropriate authorities.
Furthermore, concerns regarding foreign residency and investment licenses are nothing to fret about. Our team handles these procedures seamlessly, whether it’s the initial application or annual renewals. You can trust us to navigate through any bureaucratic hurdles, ensuring your business operates smoothly and legally in the Kingdom of Saudi Arabia.
Sustainability and Compliance:
Moreover, we’ll guide you through labor laws, ensuring compliance with national employment requirements and proper maintenance of work contracts. We’ll advise on pitfalls to avoid concerning labor relations, safeguarding your business from potential legal issues.
Liquidation Planning:
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A Heritage Of High Standards
We are proud of the pivotal role our firm has played in some of the Kingdom’s most prolific nation-building projects. Our robust advocacy for client interests, proven over five decades, established our reputation as a powerful partner for local and global organizations looking to successfully conduct business in the Kingdom.
With the Kingdom’s “Vision 2030” underway, recent economic reforms and massive investments intended to diversify the economy have driven rapid changes in the legal and regulatory environment across all sectors of the economy. Our legal team remains at the forefront of these changes and promptly apply them to our clients’ advantage.
Insights
Read Our Latest Updates on the Kingdom’s Laws & Regulations
Insights
Read Our Latest Updates on the Kingdom’s Laws & Regulations
Offices Across The Region
Dammam Office
Prince Muhammad Street
P.O. Box 381, Dammam 31411
T: +966 13 8331611
F: +966 13 8331981
Jeddah Office
Al Maady Street, Corniche Al Hamra
P.O. Box 7346, Jeddah 21462
T: +966 12 6531576
F: +966 12 6532612
Riyadh Office
King Fahd Road
P.O. Box 9029, Riyadh 11413
T: +966 11 4632374
F: +966 11 4627566
