Saudi Arabia Company Set Up
Saudi Arabia company set up can be a long process because of bureaucracy and regulations. However, Healy Consultants' expertise in this market makes Saudi Arabia company set up more straightforward. In particular, our transparent, logical procedures ensure efficient Saudi Arabia company set up, which typically evolves as follows:
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Our client settles our fees and signs Healy Consultants engagement letter.
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Healy Consultants provides our client with a detailed engagement plan, outlining a roadmap for the upcoming engagement, thus minimising unwanted surprises and meeting client expectations.
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Healy Consultants' incorporation team legally begins incorporating the Saudi company, with the correct corporate structure. See company registration procedures regarding further information.
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The documents drafted by our team include: Articles of Association; Names and descriptions of the applicants; proposed name of the company; Location and main line of business; Projected annual revenues; Copy of the Joint Venture agreement. |
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The next stage of Saudi Arabia company set up was for Healy Consultants team to obtain approval for the company name at the Ministry of Commerce and Industry. This was completed by submitting the draft Articles of Association to the Ministry. |
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Following, Healy Consultants couriered the Articles of Association to the clients for signing and return.
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Along with a fee of SR17,000 (US$4,521), the notarised documents were submitted by Healy Consultants for publication in the Official Gazette.
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To continue with Saudi Arabia company set up, the company would require membership with the Chamber of Commerce. Healy Consultants prepares and submits an application form, signed by the clients, along with the SAIGA foreign investment letter to the Chamber of Commerce.
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Another requesite of Saudia Arabia company set up inlcudes a certificate of proof of payment of capital. To obtain such, the clients need to pay the minimum required capital of SR500,000 (US$133,100) at a branch of the Al Rajhi Bank.
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Healy Consultants team submits an application form to the Department of Zakat and Income Tax (DZIT) at the Saudi Arabian Tax Authority, which issues a file number and Certificate of Commencement of Business (CCB).
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As part of the next step in the Saudi Arabia company set up engagement, Healy Consultants arranges to have the Chamber of Commerce stamp the company accounting books and register the company at the Labor and Recruitment Offices.
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Following Saudi Arabia company set up, Healy Consultants' banking team completes corporate bank account opening for our client, which includes world-class multi-currency internet banking facilities.
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Healy Consultants provides our client with a local business address in Saudi Arabia for invoicing purposes, along with telephone, fax and email support.
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Healy Consultants assists our client with business website building, search engine advertising, as well as stationary and logo design.
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If required, Healy Consultants assists our client to obtain corporate finance, trade finance and to open merchant accounts.
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Healy Consultants assists our client to locate business premises and recruit local staff in Saudi Arabia.
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Following completion of the engagement, Healy Consultants e-mails an engagement feedback survey to our client.
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Contact Us For more information on any of our Saudi Arabia company set up services, email email@ealyconsultants.com or telephone us at (+65) 6735 0120. Back to Saudi Arabia Company Formation page. |
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Buy a copy of the Healy Consultants' Asia Business Set Up book for US$1000, to order call +65 6735 0120 or e-mail email@healyconsultants.com
| © 2003 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |