Saudi Arabia is one of the largest economies in the Middle East, making it an attractive place to invest. Its strategic location provides access to European, Asian and African markets.
Is it mandatory to visit Saudi Arabia to start and complete company formation?
Saudi company registration can be done by an agent. The designated general manager only needs to visit Saudi Arabia after the company is set up and the business registration is obtained. During the General Manager's visit to Saudi Arabia, the General Manager's IQAMA (Saudi Residence Visa) will be completed and the corporate bank account opening process will be initiated.
Saudi Arabia Company Formation Process:
1.Preparation of registration documents.
2.Registered with the Saudi Arabian Ministry of Investment (MISA).
3.Completion of the company's legal documents – the Articles of Association.
4.Obtain a Business Registration (CR) license for the company.
5.Select a place of business.
6.Complete the registration after the incorporation of the company.
7.The General Manager (GM) is required to travel to Saudi Arabia to apply for a residence visa.
8.Register the general manager in the company's books and ** institutions.
9.Meet with the bank to open a Saudi corporate account.
Professionals assist in completing the complete Saudi Arabia company registration. Business Registration (CR) from the Ministry of Investment and the Ministry of Commerce, obtaining membership in the Chamber of Commerce, documents, and completion of registration with the Ministry of Labour, the General Directorate of Social Insurance, the Zakat and the General Directorate of Taxation. Once the Saudi company setup is complete, assistance will be provided to set up a Saudi company bank account, obtain the general manager iqama (Saudi residence visa) so that you can start doing business in Saudi Arabia.
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