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Fees and timelines in 2023

Fees

payment by instalmentSaudi Arabia company incorporation costs in Year 1 amount to US$21,950 and annual company costs in Year 2 and thereafter amount to US$7,420. The average fee per Saudi Arabia company formation engagement is outlined in the table below. These fees include Saudi Arabia company incorporation, opening corporate bank accounts, and all government fees:

Different Saudi Arabia entity typesCostDraft invoice
MISA LLCUS$70,499View invoice PDF
National LLCUS$35,040View invoice PDF
Agency agreementUS$16,200View invoice PDF
Saudi Arabia free zoneUS$87,627View invoice PDF
Branch of a foreign companyUS$76,390View invoice PDF
Joint stock companyUS$54,380View invoice PDF
Limited partnershipUS$54,380View invoice PDF
Technical and Scientific Services Office (TSSO)US$67,040View invoice PDF
Temporary Commercial Registration (TCR)US$49,280View invoice PDF

Other fee considerations

Timelines

The average Saudi Arabia company incorporation engagement period is 11 months as outlined below:

ServiceMISA LLCNational LLCCommercial Agency Agreement
Engagement planning2 weeks2 weeks2 weeks
Company incorporation7 months6 weeks6 weeks
Corporate bank account approval3 months2 weeks2 weeks
Corporate internet banking approval1 month1 week1 week
Changes of corporate structure (if required)N/AN/AN/A
Engagement completion1 week1 week1 week
Total engagement period11 months3 months2 months

saudi arabia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Saudi Arabia, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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