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Muhammad Al Qahthani – Senior Business Consultant
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Yes, foreigners can set up a business in Saudi Arabia and have 100% ownership. Ministry of Investment of Saudi Arabia (MISA) will issue a business license to foreign investors.
The time required to complete the licensing process for a business in Saudi Arabia varies. It can take maximum of 30 days, depending on factors like business type, documentation, and other processing.
The corporate tax in Saudi Arabia is 20% annually of the net profit and withholding tax rates between 5% to 20%.
Choosing the right business consultants in Saudi Arabia requires thorough research. Several factors contribute to choosing a certain organization for your business needs. Research the background, current operation and cost effectiveness to ensure you are partnering with the right entity.
CR get issued within a span of 7-15 days post the application submission. Upon approval, your company’s commercial registration (CR) is electronically issued, which acts as your company’s certificate of incorporation and local trade license.
Different types of business structures are available with their advantages, requirements, and differing scope of business activities and registration requirements:
– Limited Liability Company (LLC)
– Branch Of A Foreign Company
– GCC National Owned Company
– Joint Stock Company
– Solidarity professional company
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Our team of Business Setup experts looks forward to meeting with you and providing valuable insights tailored to your business.
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