Saudi Arabia, strategically located at the crossroads of Asia, Africa and Europe, is the ideal gateway to markets on all three continents.
In order to attract more business activity, since 2016, Saudi Arabia** has launched Vision 2030, which aims to improve the investment climate, attract foreign investment, including Chinese, and promote deeper participation of the domestic and international private sector in the national economy. The A-China Industrial Research Institute will help you register a company in Saudi Arabia and make full use of the grand goals of the program to gain career development opportunities for Chinese in Saudi Arabia.
1. Saudi company registration
In this country full of business opportunities, the Azerbaijan-China Industrial Research Institute provides professional advice and step-by-step guidance on the process of setting up a Saudi company. From preliminary and secondary registrations, general manager's residence permit (iqama) to hiring employees and opening bank accounts, we are committed to ensuring good corporate governance and advising businesses on avoiding common problems.
2. Obtain an iqama residence visa in Saudi Arabia
Once the company is set up, the Saudi entity will need to obtain an IQAMA residency visa for the employee and begin the onboarding process. We help you familiarize yourself with and register on multiple portals to meet labor law, immigration, and employee management requirements.
3. Why choose us to register a company in Saudi Arabia?
We have a permanent presence in Saudi Arabia and are able to assist Chinese companies in setting up in the Saudi market and realizing their business plans. We not only provide expertise, but also support your business in all aspects.
Fourth, the type of company in Saudi Arabia
Business registration and related licenses are issued by the Saudi Ministry of Investment (MISA) and the Ministry of Commerce (MOC). MISA offers investment opportunities for both foreign and local businesses, and registration through MISA is the first step in setting up a business in Saudi Arabia.
Business types include Limited Liability Company (LLC), Shares***JSC) and Foreign Entity Branch. A limited liability company (LLC) is the most popular, and through MISA, foreign investors can own 100% of the shares. This is more flexible in the Gulf than elsewhere and is very attractive to foreign investors.
5. Limited Liability Company (LLC).
Through MISA, 100% foreign ownership can be allowed. LLCs are highly regarded as one of the most common legal entities chosen by foreign investors in the Kingdom market.
6. Single-shareholder limited liability company (LLC).
In Saudi Arabia, it is now possible to set up a single-shareholder limited liability company, which allows a single shareholder to own 100% of the shares and exercise the powers of the general manager, board of directors and general meeting of shareholders.
7. Shares***JSC).
JSC is probably the most regulated type of company in Saudi Arabia and is controlled to a certain extent by the Ministry of Commerce and Industry (MOCI). The liability is borne by each ** owner, limited to their contribution to the share capital.
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8. Branches of foreign companies
A branch office is seen as an extension of the parent company and is set up at a faster pace. Participation in various activities is permitted through the MISA license, but **, marketing, or trading activities are not permitted.
9. Saudi Arabia's cooperative professional companies are self-employed
Self-employment is suitable for small businesses and is owned by individuals who are self-employed and have unlimited personal liability for the business.
In summary, Saudi Arabia is one of the popular destinations for foreign investors due to its geographical location, Vision 2030 plan, and diverse company types. Chinese companies planning to do business in Saudi Arabia can choose the appropriate company type according to their needs and streamline the registration and operation process through the Saudi company registration agency service of the A-China Industrial Research Institute to better focus on expansion and successful implementation of the business plan. Qidu and the A-China Industrial Research Institute are strategic partners, if you have any Middle East company registration needs, please contact us.