Business Setup Process in Saudi Arabia

Setting up a business in KSA is a profitable option nowadays. The business setup process in Saudi Arabia includes new necessary steps. Company Setup Saudi Arabia, a prominent business formation and associated service provider in KSA, is here to help you. We will assist you with understanding the how of the entire company formation process. From registration to compliance, we ensure the best solutions.

If you are wondering how you can setup a business in Riyadh, KSA and beyond, then keep reading.

Foundations of the Legal Entity

This is the first stage of starting a company, and it can take around one month. It includes registration and licensing.

Begin by securing a one-year license from the Ministry of Investment of Saudi Arabia (MISA). This license is crucial for legally operating your business in Saudi Arabia.
Reserve your company’s name with the relevant authority to ensure it’s unique and complies with local regulations.
Prepare and notarise your Articles of Association (AoA), which outline your company’s management and operational framework.
Obtain your Commercial Registration (CR) certificate.
Get the Chamber of Commerce (CoC) Registration for the formation of your business’s regional presence.

This is the second stage of starting a business and takes around two months. The steps involved are:

Obtain a Company Seal
Register with The Ministry of Labor
Register with the GOSI
Register a National Address
Issue a GM Visa
Registration with GAZT and VAT Registration

Acquiring Residency and Opening a Bank Account

The third stage of the business setup process Riyadh and KSA includes the following:

Activate the Chamber of Commerce (CoC) Account: Activate your account to manage your business’s commercial activities.
Obtain Health Insurance: Secure health insurance for your GM to ensure compliance with local regulations.
Get a Medical Check-up: Arrange for the GM’s medical check-up, as it is a requirement for residency.
Issuing the GM’s Iqama: Obtain the GM’s Iqama (residence permit), which is essential for long-term stay and work in Saudi Arabia.
Register with Key Portals: Muqeem, Absher, Mudad, and Qiwa for different services.
Open a Bank Account: The last step for starting a company is to open a corporate bank account to handle your business transactions and financial operations.

Effortless Business Setup: Start Your Journey Today

Whether you want to start a business in Riyadh or in any part of KSA to experience the benefits of Saudi’s business landscape, knowing the how of business formation is key, the above steps may seem complicated and tedious.

Our Company Setup Saudi Arabia team will help you through these steps. Our company setup services are curated by experts to ensure the best outcome. Contact us for expert guidance on the business setup process in KSA, ensuring a smooth and efficient start.