Fast Compliant & Affordable Business Setup in Saudi Arabia
With over 12+ years of experience, Profound specializes in company formation in Saudi Arabia. Our comprehensive services go beyond just setting up your business – we also assist with staffing and more. You can confidently focus on your core business while our dedicated team handles all the necessary processes.
Now is the perfect opportunity to establish your business in the Kingdom. Our team of experts utilizes their experience, resources, and market intelligence to ensure a swift and fully compliant setup process. With Profound, you can expect a fast and hassle-free experience for your company formation in Saudi Arabia.
End-To-End Business Setup Services
- Comprehensive Assistance
- Qualified Local Support
- Business Setup in 30 Days
- End-to-End Company Registration
- Business Operation Services
Types of Companies in Saudi Arabia
Saudi Arabia offers various corporate vehicles for business owners and investors, and understanding the right corporate entity is crucial before making investment decisions. The New Companies Regulations (NCR) Act, effective from May 2, 2016, governs company formation and operations in Saudi Arabia.
The five forms of companies available for both local and foreign businesses in Saudi Arabia are:
Limited Liability Company (LLC): The most common type, providing limited liability to owners with a maximum of 50 shareholders.
Joint Stock Company (JSC): Capital is divided into equal-value shares.
Single Member Limited Liability Company (SMLLC): A limited liability company with a sole owner who owns all the shares. Only one SMLLC is allowed per owner.
Limited Partnership Company (LLP): A partnership company with limited liability for some or all partners, combining elements of partnerships and corporations.
Additionally, special business forms are available for foreign companies operating in Saudi Arabia:
Joint Ventures: Collaboration between local and foreign companies for specific projects.
Branch Office: A subsidiary of a foreign company in Saudi Arabia.
Representative Office: An office established by a foreign company to conduct non-commercial activities, such as market research or liaison.
These different company types offer flexibility and options for businesses operating in Saudi Arabia.
Steps to start a business
in Saudi Arabia
Book a free consultation with Profound before starting your business license application process. Gain a thorough understanding of business setup in Saudi Arabia and receive expert guidance throughout the process.
Yes, Profound provides comprehensive assistance for Saudi Arabia Company Formation. Our team of experts will guide you through the registration process, legal requirements, documentation, and government interactions to establish your company in Saudi Arabia.
Saudi Arabia allows several types of business entities, including Limited Liability Companies (LLC), Joint Stock Companies (JSC), Branches of Foreign Companies, and more. The suitable business structure will depend on your business goals and activities.
In certain sectors, foreign investors can have 100% ownership of their company in Saudi Arabia. However, some industries may require a local partner or Saudi ownership participation.
The specific requirements for obtaining a commercial license in Saudi Arabia may vary based on the type of business activity. Generally, you will need to submit relevant documents, obtain necessary approvals, and comply with industry-specific regulations.
Yes, establishing a physical office is generally required for most types of business entities in Saudi Arabia. The office space should comply with local regulations and be suitable for your business activities.