Business Setup in Saudi Arabia
Expanding your business into Saudi Arabia is now easier than ever with Avenue’s expert services. We offer full support in establishing a 100% foreign-owned company, assisting you from the initial documentation stage to post-incorporation services like tax registration and payroll management. With flexible paid-up capital options, we provide guidance in selecting the most suitable company structure and offer visa assistance for General Managers. Avenue’s vast experience in company formation, licensing, and banking ensures that your business can launch and operate seamlessly within Saudi Arabia’s rapidly growing market.
Our team at Avenue allows you to retain full control over your company with 100% ownership while benefiting from low capital requirements, tailored to the nature of your business. Additionally, we offer remote setup options, meaning physical presence in Saudi Arabia is not necessary during the company formation process. With over 20 years of combined experience, Avenue manages all aspects of the setup process, ensuring that your company adheres to local laws and regulations while providing ongoing support for banking, tax, and payroll needs.
Our Process: A Step-by-Step Guide to Company Formation in Saudi Arabia
Avenue takes care of every step of the company formation process in Saudi Arabia. We begin by preparing and legally drafting all incorporation documents, ensuring that they meet local standards. Your company will be registered with the Ministry of Investment of Saudi Arabia (MISA), followed by the finalization of your legal documents, including the Articles of Association. Once this is done, we help you obtain your Commercial Registration (CR) license, which authorizes your business to operate legally within the Kingdom.Following registration, we assist in selecting a business premises and registering your national address. Post-incorporation services include necessary registrations for tax, labor, and social insurance. For businesses requiring a physical presence, we also provide full support in securing the residency (Iqama) visa for your General Manager. To complete the setup, Avenue facilitates the opening of corporate bank accounts with local financial institutions, ensuring your business is fully equipped to start operations.
Why Choose Avenue for Business Setup in Saudi Arabia?
- 100% Ownership: Retain complete control of your company in Saudi Arabia.
- Low Paid-up Capital: Take advantage of flexible capital requirements based on business activities.
- Expert Structuring Advice: Receive guidance on choosing the right company structure for your needs.
- Remote Setup: Physical presence in Saudi Arabia is not required for company formation.
- Experienced Team: With over 20 years of combined experience in Saudi business formation, we handle all aspects from licensing to post-incorporation services.
- Comprehensive Documentation: We assist with the preparation and submission of corporate documents to ensure a smooth setup.
- Visa Services: Complete support for securing residency (Iqama) for your General Manager.
- Banking Assistance: Avenue helps open corporate bank accounts with Saudi financial institutions.
- Post-Setup Support: We provide ongoing services such as tax registration, accounting, and payroll management.
Why Form a Company in Saudi Arabia?
Saudi Arabia’s booming economy, numerous business opportunities, and attractive incentives for foreign investors make it an ideal destination for business expansion. The country’s key economic indicators include:
- GDP Per Capita: $29,920
- Labor Force: 15.36 million
- FDI Inward Stock: $389 billion
With a rapidly growing economy, Saudi Arabia offers a promising environment for business growth and success.
FAQs on Business Setup in Saudi Arabia
To speed up the process of company formation, it’s essential to work with expert consultants who are well-versed in Saudi Arabia’s latest licensing procedures. The Saudi government has streamlined its company registration process significantly, and with Avenue’s assistance, your business can be operational faster than ever.
For more information on how Avenue can assist with your Saudi company setup, contact us today.
