Advantages of starting a company in Saudi Arabia
The process required to register in Saudi Arabia
first
Company name search
second
Confirm registration information
third
Submit to the government for approval
four
Obtain a certificate of registration
Information required to register a Saudi Arabian company
- Shareholder/Director documents: Passport copy, resume and letter of authorization (if entrusted agent), notarized.
- Company name pre-examination: Submit 3 alternative Arabic names for approval by the Saudi Ministry of Commerce.
- Proof of registered capital: minimum 50,000 Saudi Riyals (about $13,000), subject to bank verification.
- Lease Contract: The lease agreement for the local office address in Saudi Arabia should be notarized and submitted to the Commerce Bureau for the record.
Information is available upon registration
Certificate of registration
Articles of association
Announcement of establishment
Company shareholder certificate
Company information card
Letter of authorization of nominal director
Commercial Secretary authorization document
Nominal address authorization file
First board resolution
Company signature seal
Steel seal
Fancy data box
Tax filing service
Details may vary depending on the type of company, its size and location
Value Added Tax (VAT) filing
The standard tax rate is 15%, and VAT returns are required on a monthly or quarterly basis.
Enterprise income tax declaration
Tax rate of 20%, once a year, subject to the submission of audited financial statements.
Withholding tax (WHT) filing
5-20% of cross-border payments are withheld and must be declared monthly.
Social Security (GOSI) payment
Employers are required to pay about 12 percent of their employees' monthly social security contributions.
