A Guide to Set Up a Foreign Business in Saudi Arabia

Published On - May 13, 2020

info Business Plans, Business Services
Local Business Setup

The economy of Saudi Arabia is growing faster. This kingdom is the best place to start a business due to its easy to follow rules and low tax levels. Foreign investors can enjoy great business opportunities in Saudi Arabia in infrastructure, manufacturing, technology, and communication sectors. If you are planning to set up your business in Saudi Arabia and don’t know where to start, then it’s time is to consult with the experienced firm. With good knowledge, an expert can help set up your business in Saudi Arabia with a 100% ownership SAGIA license. 

Business Opportunities

We are providing you a step-by-step guide to set up your business in Saudi Arabia:

Obtain the SAGIA License: If you are going to start your new business in the kingdom of Saudi Arabia, then the very first step is to get the investment license i.e. SAGIA License. This license is provided by the government entity –The Saudi Arabian General Investment Authority. Once you get this license, you can operate your business independently and legally in KSA. Plus, you will able to apply for an account in banks of Saudi Arabia. There are different categories of SAGIA License like:

  • Limited Liability Company (LLC)
  • Limited Liability One-person Company
  • Joint Stock Company
  • Foreign Company Branch

Due Diligence Is A Necessity: To build genuine relationships in the kingdom of Saudi Arabia, foreign businesses need to do detailed due diligence. Look at the characteristics of different industries and know how they are conducting businesses. Also, get a clear idea of your target segments and actions that are required to comply with the regulations in the commercial sector.  

Searching An Ideal Office Space: For smooth execution of a business, one needs a suitable office space. Foreign businesses have to search for a space to finalize the process after documentation. A workplace is essential to register so that businesses can run smoothly. Apart from this, few government registrations also need to be completed for the formation of business.

Sign an AoA & CR: All those foreign firms who are going to start a new business in Saudi Arabia have to sign an Articles of Association. Also, they need a commercial registration that is issued by the Saudi Ministry of Commerce and Industry. These certifications are necessary to operate different activities in the kingdom of Saudi Arabia. 

Preparing for all these steps can be challenging for many. This is where a knowledgeable consultant from a firm can make things easier. They help you settle your business with ease in this emerging KSA market. A consulting firm can do the following things for you. 

  • An experienced consultant helps you find the perfect local business partners across different sectors. This allows you to work with companies having the proper license and strong credentials.
  • Getting Saudi Visas can be another challenge that comes in front of foreign business investors. There is an array of requirements one needs to complete to get the visa. Take help from an experienced consultant and meet those requirements with ease.
  • When foreign investors set up business in Saudi Arabia, they have to deal with commercial conflicts. The support of consultancy services helps keep such disputes at bay by offering guidance on local government rules. 
  • They also help businesses establish their presence in the promising market of KSA with 100% ownership. A consultant with a good experience can better help businesses in legal matters and do all the legal formalities on their behalf. Their expertise helps to clear not only the language barrier but the legal one. 
  • A consulting firm would be of great help if you don’t have enough budget to hire a full-time qualified CFO for managing finance. There are most of the firms that work for such businesses and handle financial management efficiently.

If we talk about the best consulting firm offering help to foreign investors in starting business in KSA, then Think Direct BPO is your answer. We not only help businesses to expand in the KSA market but ensure they get 100% Business Ownership in KSA. To complete the registration process, we assist business owners from start to finish. Also, we offer operational services like PRO, HR, Administrative services, IT solutions and so much more. We have a team of diverse and experienced individuals that strive to get your business launched in the KSA market on your behalf. 

To set up your business in the KSA market with ease, choose us today. We serve you with the best possible guidance!