Company Formation in Saudi Arabia

Company Formation in Saudi Arabia

Get Professional Assistance for Company Formation and Registration in Saudi Arabia

You can avoid piles of paperwork and take our assistance for company incorporation. We will assist you with Saudi Arabia company registration at a reasonable cost

Our Amazing Clients

You can now save time while getting company registration done and utilise that time and effort on your business.

Do your registration from anywhere

Do your registration from anywhere

You do not need to be physically present here to set up and manage your company in Saudi Arabia; so there is no need to fly here to do the process
Streamlined and simplified processes

Streamlined and simplified processes

We’ve simplified and streamlined all the processes for you to make it quick and simple to get your company started
Transparent pricing model

Transparent pricing model

We do not burden you with any hidden fees. There’s just one cost to get you up and running

Company Formation in Saudi Arabia

We establish and administer secure & efficient corporate and trust structures for HNIs, expatriates, businesses, entrepreneurs, family offices and individuals. We set up and customize these structures to meet the specific personal or business objectives of our clients. We ensure fast and efficient company formation and incorporation in Saudi Arabia

Company Formation in Saudi Arabia

We establish and administer secure & efficient corporate and trust structures for HNIs, expatriates, businesses, entrepreneurs, family offices and individuals. We set up and customize these structures to meet the specific personal or business objectives of our clients. We ensure fast and efficient company formation and incorporation in Saudi Arabia

Looking to Expand Your Hotel Business in Saudi Arabia?

How IMC can help you register a business in Saudi Arabia?

IMC has the experience and expertise to advice customers on the suitable company type taking in to account the laws of the land and the unique customer’s needs. We have the experience having handled different industries and geographies across the world. We understand finance and the legal framework required to handle a company’s operations. We will advise on the percentage of shareholding allowed for foreigners, and the rights which go with that percentage and other such business matters. IMC has been operating in GCC for over 10 years. With a partnership in Saudi Arabia, IMC is closer to the customer with a better understanding of the Saudi ArabiaCompanyLaws and Practices.

The Saudi Arabian General Investment Authority (SAGIA) is the foreign investment company registration license provider for the Kingdom.

100% foreign investment allowed in service sector. However, trading and retail activities is reserved for Saudi National and Saudi owned entity only.

SAGIA may prescribe additional requirements

  • Services: NA but recommended to maintain $0.13m
  • Industrial: SAR 1m ($0.27m)
  • Trading: SAR 20m ($5.33m)
  • Agriculture: SAR 25m ($6.67m)
  • Real estate: SAR 30m ($8m)

Service Company taxed @20%

Saudi Owned Local companies taxed @2%\ 

ACCOUNTING AND TAX

There is no personal income tax on income earned by individual and employees. However, there are three type of taxes levied on the Companies based on the shareholding structures:

  • Corporate Tax: on all registered entities including companies or branch having foreign ownership.
  • Withholding tax : on entities making payment to non-residents, such as for rent, loyalties and management fees
  •  Zakat (Islamic wealth tax): Zakat, a religious levy, is charged on the company’s Zakatbase at 2%. Saudi citizen investors (and citizens of the GCC countries, who are considered to be Saudi citizens for Saudi tax purposes) are liable for Zakat. 

Where a company is owned by both Saudi and non-Saudi interests, the portion of taxable income attributable to the non-Saudi interest is subject to Corporate tax, and the Saudi share goes into the basis on which Zakat is assessed.

Corporate Tax Rate for unlisted Company is 20%

Basis for Corporate Taxation:

  • Tax is on the net adjusted profits
  • The share of profits attributable to interests owned by non-Saudi / non-GCC nationals is subject to income tax.
  • The share of profits attributable to interests owned by Saudi / GCC nationals is subject to Zakat (religious levy).

Withholding tax rates

Rent 5%
Royalty or proceeds 15%
Management fees 20%
Payments for airline tickets, air or maritime freight 5%
Payments for international telecommunications services 5%
Type Limited Liability Company (WLL)
Under Saudi Law, Foreigners Can own 100% (in certain activities) subject of FSI approval and manufacturing / trading requires local national participation
Share Capital SR 500,000
Director Minimum One
Shareholders Minimum Two
Memorandum & Article of Association Yes
Can the Entity hire Expatriate in Saudi Yes
Saudi Resident Secretary Required Yes
Statutory Audit Required Yes
How Long to open corporate Bank Account? 4 Days
Timeframe for Incorporation 6 Months
Annual Return Must be Filed
Annual Tax Must be filed
Access to Saudi Double Tax Treaties Yes

COMPANY INCORPORATION

Having decided on the type and structure, we can assist in every step of the way starting from drafting the incorporation documents, listing out the documents required to be filed, documents to be notarized and other formalities. We can advise on the licenses required for specific industries. If a local attorney or a CPA need to be hired, we will handle this. We will coordinate filing the applications, getting the name approved and all the steps required. We can also assist in opening the bank account for the company.

For Saudi Arabia incorporation, just drop your email id and contact number. We will get in touch with you.





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