The Kingdom of Saudi Arabia has facilitated the procedures for establishing foreign company in Saudi Arabia, as part of its keenness to provide an attractive investment environment for foreign investors. A set of basic conditions and procedures have been imposed so that the foreign or expatriate investor can establish his company in the Kingdom, through which Saudi Arabia regulates Investment operations and projects and creating an appropriate environment that preserves the rights of investors and informs them of the duties imposed on them. In this article, we will explain to you the most important procedures for establishing foreign companies in Saudi Arabia, and the most important conditions imposed by the Kingdom regarding establishing companies there.

Establishing foreign company in Saudi Arabia

Foreign companies can be established in the Kingdom of Saudi Arabia easily, as the Kingdom facilitates the process of establishing company to encourage investment in them.

Companies that can be established in the Kingdom take two forms: either a mixed company with a Saudi partner or a completely 100% foreign company.

In all cases, it is necessary to follow the procedures for establishing foreign companies in Saudi Arabia, as well as fulfilling all conditions for their establishment in accordance with what was indicated in the executive regulations of the foreign investment system.

What are the conditions for establishing foreign company in Saudi Arabia?

Before we delve into the conversation about the procedures for establishing foreign company in Saudi Arabia and how the Kingdom of Saudi Arabia has facilitated these procedures, we will need to know the conditions imposed on the process of establishing companies in the Kingdom.

The Kingdom of Saudi Arabia requires foreigners or expatriates wishing to establish a company there to obtain an investment license in the country.

There are certain conditions that must be met to obtain this license and be able to establish a company in Saudi Arabia for foreigners. Below we will review together the most important conditions for establishing foreign companies in Saudi Arabia:

• The investment activity in which a company will be opened and a license obtained must be one of the activities in which foreign investment is available.
• The product specifications and production method conform to the specifications in force in Saudi Arabia, the Gulf countries, or at the international level.
• No prior rulings were issued against the applicant for an investment activity license, including rulings on commercial or financial violations, whether inside or outside Saudi Arabia.
• No prior rulings were issued against the applicant for an investment activity license or final judicial decisions due to violations of the provisions of the system.
• The applicant for an investment activity license must agree to all controls and undertakings included in the application form for an investment license in Saudi Arabia.
• The investment objectives and objectives of the Authority are achieved by granting a license to the owner of foreign or expatriate investment activity.

Procedures for establishing foreign company in Saudi Arabia

The process of establishing foreign company in Saudi Arabia goes through a set of procedures and basic stages through which the process of establishing the company is completed. Below we will review together the most important procedures for establishing foreign companies in Saudi Arabia:

1. Issuing an investment license for your company

The first procedure for establishing foreign company in Saudi Arabia is to issue an investment license for its activity. The process of issuing an investment license requires the following documents:

The financial statements for the last fiscal year of the foreign company, provided that they were prepared by one of the internationally recognized legal offices and must be authenticated by the Saudi embassy.

A copy of the commercial register of the company or establishment in its country of origin, provided that it is authenticated by the Saudi embassy.

2. Signing the articles of incorporation for your company

The second procedure for establishing foreign company in Saudi Arabia is to sign the articles of incorporation, by having the branches of foreign company submit a decision containing approval to open a branch affiliated with them in Saudi Arabia, in order to complete the procedure for issuing the commercial register.

3. Issuing the commercial register for your company

The third procedure for establishing foreign company in Saudi Arabia is issuing a commercial register for the foreign company that wants to be established in the Kingdom of Saudi Arabia. The process of issuing a commercial register requires the following documents:

• The commercial register of the parent company.
• A decision by companies to open one or more branches of their foreign company.
• Notarized company incorporation contract for new companies to be established.
• Decision to appoint the General Director.
• Proof of the identity of the general manager and owners.

4. Opening the files of the establishment or company

The fourth procedure for establishing foreign company in Saudi Arabia is to open the company’s files, which will be useful to it in conducting its business in the Kingdom. The following are the entities that are required to open facility files when establishing foreign companies in Saudi Arabia:

• General Organization for Social Insurance.
• General Authority of Zakat and Income.
• Ministry of Labor and Human Resources.
• And others based on the type of activity of the company.

5. Issuing a general manager visa

The last procedure for establishing foreign companies in Saudi Arabia is issuing a visa for the general manager, which requires obtaining a decision to appoint the general manager and proof of his identity.

How can we help you establish your company in the Kingdom of Saudi Arabia?

At Solutions 360, we offer you a complete set of packages that meet your needs, including the company establishment package, which will help you complete many of the procedures related to the company establishment process.

With the opening of a number of accounts that you will need for your company, in addition to registration with the Zakat and Tax Authority and the National Office, as well as registration in the Chambers of Commerce and other matters that will benefit you greatly.

Which will facilitate the process of establishing your company. You can also design your package according to the needs of your company and business. You can request a company establishment package from Here or contact us through one of the following methods to find out the details:

• Phone number: 920001360.
• Email: info@hr360s.com .
• website contact form: from here .