About Saudi Arabia
Sovereign PPG Saudi Arabia provides a wide range of business services to local Saudi national and foreign clients, designed to assist them to enter, set up their business and thrive in the Saudi market.
Based in Riyadh, Sovereign PPG offers expertise, efficiency and transparency to regional and international businesses and investors seeking to set up in Saudi Arabia. From establishing your company to obtaining your visas, as well as providing essential ongoing support services, we strive to provide high quality, innovative and cost-effective services to our clients to ensure their commercial success in the Kingdom.
KSA COMPANY SETUP & REGISTRATION
Sovereign PPG provides professional consultancy and step-by-step guidance on the incorporation process in Saudi Arabia. Ensuring good corporate governance from the outset and providing advice on the common pitfalls to be avoided when registering a company in Saudi Arabia.
The main steps to consider are primary and secondary registrations, residency (Iqama) for the General Manager, authorisation to hire employees and bank account opening. We can support with the entire process including the initial legalisation and attestation of the required documents at the Saudi Embassy in the foreign investor’s country, right through to the issuance of the Commercial Registration and entity portal registrations in-Kingdom.
WHY INCORPORATE IN SAUDI ARABIA WITH US?
Our physical presence in the Kingdom, together with our strong regional presence across the Gulf region – in Dubai, Abu Dhabi, Bahrain, Doha and Muscat – and our global office network spanning Europe, Asia and Africa, has enabled us to assist businesses from five continents to set up and deliver on their commercial plans in the Saudi market.
WHY SET UP IN KSA?
Apart from the obvious advantages of the Kingdom’s geographical location and its easy access to Africa, Asia, and Europe, there is a lot of effort being made by the Saudi government to drive business to the Kingdom. The Saudi Arabian government launched the Vision 2030 initiative in 2016 to improve the Kingdom’s investment climate, attract increased foreign investment, and encourage greater domestic and international private sector participation in its economy. The Kingdom is outlining some key business incentives and opportunities to attract investors. The Vision 2030 initiative is seeking to increase private sector’s contribution from 40% to 65% of GDP.
Key Benefits:
- Tax incentives offered to underdeveloped provinces in the Kingdom
- Rights to buy property and allow ventures to sponsor their own employees
- There is minimal income tax, and provide for VAT and custom duty exemptions
Saudi Arabia is the largest economy in the Gulf region and is becoming an increasingly viable destination for foreign investors and companies to expand into to take advantage of the growing Saudi market.
Recent regulatory changes in the Kingdom have also significantly increased the attractiveness for companies to set up – allowing 100% foreign ownership through the Ministry of Investment of Saudi Arabia (MISA) platform.
This process, however, can be arduous and time consuming and using a Corporate Service Provider based in the Kingdom that can oversee the formation from initial registration to full operation will save time and money whilst the business concentrates on its expansion objectives and strategy. Sovereign PPG have their own on the ground PRO and Operations support service team to assist with all critical government registrations and industry sector specific regulatory approvals and well versed to assist fully in the KSA company formation process.
WHAT ARE THE COMPANY TYPES POSSIBLE IN SAUDI ARABIA?
Commercial registration (and supporting licences) is issued by the Ministry of Investment Saudi Arabia (MISA) and the Ministry of Commerce (MoC). MISA, which was formerly Saudi Arabian General Investment Authority (SAGIA), facilitates investment opportunities for foreign and local businesses and individuals in the Kingdom of Saudi Arabia. As MISA is the registration authority, business licenses in Saudi Arabia can often be referred to as a MISA license or a SAGIA license.
Registration through MISA (SAGIA) is the first step in setting up a business in Saudi Arabia. Essentially, MISA is the gateway to recognition and permission to operate in the Kingdom. MISA’s primary goal is to facilitate and encourage both foreign and local investment.
The most common is the Limited Liability Company (LLC) for which 100% Foreign Ownership is permissible through MISA.
It is the most popular form of legal entity and attracts the most interest and traction from foreign investors. Why? Because 100% Foreign Ownership is applicable from day one. This makes it appealing to foreign investors, benchmarked against other 100% Foreign Owned initiatives in the wider GCC region. However, some activities e.g. Engineering & Consultancy do require a Saudi National Shareholder to be active in the business and become a true 25% Shareholder.
COMPANY TYPES IN SAUDI ARABIA
The principal business entities in the Kingdom include Limited Liability Company (LLC), One Person Limited Liability Company (LLC), Sole Establishment, Joint Stock Company (JSC), Branch of a foreign entity and most recently, Regional Headquarters (RHQ) in KSA.
SPECIAL ECONOMIC ZONES
Saudi Arabia is proactively reshaping its economic infrastructure through the introduction of five new Special Economic Zones (SEZs), strategically positioned across the country as part of its Vision 2030 initiative to diversify the economy, attract foreign investment, and foster innovation across various sectors.
All Economic Zones in Saudi Arabia
Special economic zones are in development in Saudi Arabia.
Special Integrated Logistics Zone
Special Integrated Logistics Zone (SILZ), built for supply chain, logistics and distribution activities.
DOING BUSINESS IN SAUDI ARABIA
Download Free GuidePRO AND LICENSING SERVICES IN SAUDI ARABIA
Sovereign PPG offers a full range of PRO and licensing services in Saudi Arabia from obtaining licenses, attestation of documents, to obtaining investor visas and Iqama (residency visas) for the General Manager and company employees.
Visa & PRO Services
As an expatriate, there are several visa options that allow you to visit, reside and work in KSA.
Saudi Premium Residency Golden Visa
Premium Residency Permit (PRP) Programme Requirements.
CORPORATE SERVICES IN SAUDI ARABIA
Sovereign PPG offers a full suite of corporate services that support the incorporation of the business, bank account opening and on-going portal and company maintenance requirements in KSA.
Accounting & Bookkeeping
Filing of VAT and tax requirements in Saudi Arabia through GAZT.
Setting up a Corporate Bank Account
Open a corporate bank account for compliance requirements.
Portals for business in Saudi Arabia
Government portals for businesses and individuals to set up.
Payroll Management
For companies new to the Kingdom, understanding how payroll works is essential.
HOW CAN SOVEREIGN PPG ASSIST IN KSA?
Registering a company in Saudi Arabia can be particularly tricky to navigate, An initial free consultation with our KSA consultants will assist you in understanding the process of incorporation and information on the cost of opening and operating a company in Saudi Arabia.
FOR MORE INFORMATION
Contact UsBUSINESS SUPPORT SERVICES IN KSA
Trademark Registration
Company Secretarial Services
PRO Services
HR Services – Consultancy and Labour Regulations
Compliance – KYC, AML & Policies
Bank Account Opening Assistance
General Manager Services
Register a company in Saudi Arabia
Contact Sovereign PPGSaudi Arabia FAQs
EXPERT ADVICE
Book a call with one of our company formation specialists.
Jonathan Kelly
Business Development Manager - UAE
Anas Al Adawi
Sales Director - Bahrain
Faraz Ahmed
HR Consultant
Martin Zubeldia
Sovereign Business Development Manager - UAE
Matthew Boyd
Business Development Manager - UAE
Mindy Tan
Business Development Manager - Qatar
Hussein Hachem
Business Development Manager - Qatar