Leveraging vast experience, we handle legal disputes and provide Company Formation at every step.
Setup a Business in Saudi Arabia
With extensive experience, we specialize in handling legal matters and facilitating company formation in Saudi Arabia at every stage. Our team of experts offers tailored business setup services to meet your unique requirements, ensuring the perfect KSA structure for both current operations and future growth.
We provide comprehensive support, including strategic planning for expansion, making the process cost-effective and efficient. From initial company registration to establishing a fully operational business, we streamline every step, including staff onboarding, visa and Iqama processing, and opening a business bank account.
Whether you’re a global investor or a local entrepreneur, we simplify the complexities of setting up a business in Saudi Arabia, ensuring a smooth and hassle-free experience.
SAUDI ARABIA BUSINESS SETUP & CONSULTANCY SERVICES
COMPANY FORMATION
TAX CONSULTANCY SERVICES
MERGERS & ACQUISITIONS
MANAGEMENT CONSULTING
GOVERNMENT LIAISON
CORPORATE SPONSOR SERVICES
COMPANY LIQUIDATION
CASH FLOW MANAGEMENT
CORPORATE STRUCTURING
- Socially Responsible Investment
- Comprehensive Investment Plans
- Financial Planning for Business
- Tax Mitigation Strategies
Need Any Help!
Why to Setup a Business in Saudi Arabia
Saudi Arabia is a prime destination for businesses due to its stable and rapidly expanding economy. The government’s initiatives, like Vision 2030, aim to diversify the economy beyond oil, creating lucrative opportunities in various industries. Strategically located, Saudi Arabia serves as a gateway to the Middle East and North Africa.
The Kingdom offers robust government support, infrastructure development, and a business-friendly environment. With favorable tax policies, a large, affluent population, and a young, skilled workforce, Saudi Arabia is an ideal place for business growth.
Starting a business in Saudi Arabia requires navigating several essential steps, including obtaining the necessary licenses, preparing incorporation documents, and complying with local regulations. At AL Tawakkal Group, we make this process smooth and efficient. Our services include:
- Preparing company incorporation documents.
- Registering with the Ministry of Investment of Saudi Arabia (MISA).
- Securing the Commercial Registration license.
- Assisting with business premises setup and national address registration.
- Managing visa and residency applications for the General Manager.
- Opening a corporate bank account in Saudi Arabia.
Benefits of Partnering with AL Tawakkal Group
With our in-depth knowledge of Saudi Arabian business laws and a dedicated team of over 150 professionals across 13 branches, AL Tawakkal Group is your trusted partner for hassle-free company formation. We have successfully assisted over 2,000 businesses, delivering reliable and cost-effective solutions.
Whether you are a local entrepreneur or an international investor, we focus on simplifying the complexities of business formation. Trust us to provide timely, unbiased advice and support tailored to your goals.
Starting a business in Saudi Arabia begins with a thorough consultation to understand your unique requirements. Once your business details are reviewed, we guide you through applying for a foreign entity registration with the Ministry of Investment of Saudi Arabia (MISA). After obtaining your Commercial Registration, we handle post-formation tasks, including setting up a corporate bank account and assisting in acquiring the General Manager’s residency visa.
Company Formation in KSA Process
• PREPARE COMPANY INCORPORATION DOCUMENTATION
• REGISTER WITH MINISTRY OF INVESTMENT OF SAUDI ARABIA
• RECEIVE COMMERCIAL REGISTRATION LICENSE FOR COMPANY
• SELECT BUSINESS PREMISES & REGISTER NATIONAL ADDRESS
• COMPLETE POST INCORPORATION REGISTRATIONS
• REGISTER GM ON THE COMPANY BOOKS & WITH GOVERNMENT AUTHORITIES
• GENERAL MANAGER VISITS KSA TO COMPLETE RESIDENCY VISA
• APPLY FOR KSA CORPORATE BANK ACCOUNT
• PREPARE COMPANY INCORPORATION DOCUMENTATION
1. Choose Your Industry and Business Structure
Begin by determining the industry and activities for your business. This decision influences whether you should operate in mainland Saudi Arabia or a free economic zone and dictates the type of license and legal entity required. AL Tawakkal Business Setup Consultancy ensures compliance and legal clarity throughout this process.
2. Select a Trade Name
Selecting an appropriate trade name is crucial as it represents your business’s public image. Our team provides guidance to help you choose a name that aligns with regulations and resonates with your brand identity.
3. Secure Business Premises
Starting in 2023, Saudi regulations mandate that foreign companies must establish a regional headquarters to obtain licenses. AL Tawakkal assists in finding suitable business locations or coordinating with local service agents.
4. Develop a Business Plan
A comprehensive business plan outlines key objectives and operational steps, facilitating effective management and saving time during the setup process.
5. Obtain an Investment License
Foreign investors must secure an investment license from the Saudi Arabia General Investment Authority (SAGIA). This license allows you to establish a company, invest in existing ventures, or create foreign branches. Additionally, you’ll need a commercial registration certificate from the Ministry of Commerce and Investment.
6. Prepare Additional Documentation
Our expert team customizes solutions tailored to your business requirements, ensuring a hassle-free setup experience. From document preparation to legal formalities, we simplify every step.
Streamlined Formation Process: Professional consultancy ensures a seamless entry into the market.
Diverse Economic Opportunities: Driven by Vision 2030, Saudi Arabia’s economy offers lucrative prospects across various sectors.
Tax Advantages: The absence of personal income tax enhances financial efficiency for foreign businesses.
Dynamic Market: A tech-savvy, youthful population adds vibrancy to the economy, fostering growth opportunities for new ventures.
Cost of starting a business in Saudi Arabia
Starting a business involves initial costs for company formation, licenses, and permits, which vary depending on the chosen business structure. Additional expenses include securing a business location, meeting capital requirements, and covering ongoing operational costs such as salaries, rent, and utilities.
AL Tawakkal Business Setup Consultancy helps manage these steps efficiently, ensuring cost-effective solutions. While there may be an upfront financial outlay, Saudi Arabia’s thriving economy and business-friendly environment make it a worthwhile investment.
Experience the difference of working with seasoned professionals. We simplify every aspect of company formation, enabling you to focus on your business ambitions while we handle the complexities. Let us help you thrive in Saudi Arabia’s dynamic market.