Saudi Arabia Company Formation  
Location shot for Saudi Arabia Company Formation

AVERAGE ENGAGEMENT COSTS

Limited liability company US$40,000 to 50,000*


Local sponsor fee
US$15,500 **


Nominee director fee
US$5,700 **


Company de-registration
US$3,450


* Depending on corporate structure and professional services required by our clients.

**Excludes US$3,300 refundable deposit.


Saudi Arabia company formation is both expensive and difficult, because of complex bureaucracy, inconsistent regulations and varying licensing fees. However, Saudi Arabia company formation is a legal way to conduct business in the Kingdom and the Gulf Cooperation Council (GCC). The following information will help to determine whether Saudi company formation is the optimum corporate structure to fulfill your Middle East business objectives:  
Advantages of Saudi Arabia Company Formation
1.
Saudi Arabia company formation is the optimum corporate structure for international entrepreneurs to conduct business in Saudi Arabia. A Saudi company can bid for local contracts, rent office premises, and obtain visas for staff. According to the World Bank's Doing Business 2010 Survey, Saudi Arabia is positively ranked at 13th in terms of ease of doing business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. The World Economic Forum also ranks Saudi Arabia positively at 28th in its Global Competitiveness Report 2009-2010.
2.
Saudi Arabia company formation permits 100% foreign investment in most sectors. All foreign investment projects require a government license.
3.
The government-run Saudi Arabia General Investment Authority (SAGIA) provides incentives to encourage Saudi Arabia company formation.
4.
As part of its programme to develop non-oil industries, the government provides various tax and other incentives for foreign investors. For government-approved projects with at least 25% Saudi participation, foreign investors in agricultural and industrial ventures are eligible for a 10-year exemption from tax.
5.
High oil prices are driving economic growth in the Kingdom, presenting opportunities for investors considering Saudi Arabia company formation
6.
Following a Saudi Arabia company formation, it is easy to open corporate bank accounts all over the world. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
Disadvantages of Saudi Arabia Company Formation
1.
Saudi Arabia company formation takes almost two months to complete. Saudi Arabia is ranked poorly as the world's 65th-freest economy in the Heritage Organisation's 2010 Index of Economic Freedom, and scores at 45% in terms of investment freedom and capital flows. The Index of Economic Freedom measures of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.
2.
Under Saudi Arabia's Foreign Investment Law, foreigners are excluded from investing in certain sectors, including:
 
i) Oil exploration, drilling and production;
 
ii) Manufacture of military equipment;
 
iii) Land and air transportation.

3.
The minimum capital requirement for a Saudi limited liability company is SR500,000 (US$133,100).
4.
Saudi Arabia ranks poorly as the 63rd least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
5.
Saudi Arabia is poorly ranked as the world's 28th most competitive economy in the World Bank's Global Competitiveness Report 2009-2010.
Contact Us
For more information on Saudi Arabia company formation, email email@healyconsultants.com or call us at (+65) 6735 0120.
Back to Middle East and Africa Company Incorporation page.
Back to Home page.


Buy a copy of the Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com

 

 

 

 

ASIA PROPERTY

- Singapore Real Estate

- Hong Kong Real Estate

ASIA BUSINESS SETUP

- Singapore setup

- Hong Kong setup

SAUDI ARABIA NEWS

facebook icon

Saudi Arabia's Oil Sector GDP Falls 40% Saudi Arabia Struggles to Set 2010 Inflation Target Saudi Banks Profits Decline linkedin icon
twitter-icon

Share Healy Consultants

© 2003 Healy Consultants Pte Ltd
MIDDLE EAST COMPANY SET UP SERVICES
Saudi Arabia Company Setup Procedure, Saudi Arabia Company Registration Process, Saudi Arabia Corporate Bank Account, Saudi Arabia Incorporation, Offshore Banking, Offshore Bank Accounts, International Banking, Hong Kong Offshore Company, Hong Kong Offshore Banking, Offshore Company In Hong Kong, Offshore Company Uses, Offshore Banking In Singapore, Singapore Corporate Bank Account, Singapore Company Incorporation, Singapore Company Registration, Set Up a Company in Singapore, Singapore Incorporation Services, Investing In Singapore, Hong Kong Company Incorporation, Set up a Company in Hong Kong, Investing in Hong Kong, Incorporating a Hong Kong Company, Offshore Company Formation, Offshore Company Set Up, Offshore Tax Planning, Set up an Offshore Company, Incorporating an Offshore Company, Offshore Business Formation, Offshore Company in Hong Kong