Fees and timelines in 2023
Fees
Saudi 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 types | Cost | Draft invoice |
---|---|---|
MISA LLC | US$70,499 | View invoice PDF |
National LLC | US$35,040 | View invoice PDF |
Agency agreement | US$16,200 | View invoice PDF |
Saudi Arabia free zone | US$87,627 | View invoice PDF |
Branch of a foreign company | US$76,390 | View invoice PDF |
Joint stock company | US$54,380 | View invoice PDF |
Limited partnership | US$54,380 | View invoice PDF |
Technical and Scientific Services Office (TSSO) | US$67,040 | View invoice PDF |
Temporary Commercial Registration (TCR) | US$49,280 | View invoice PDF |
Timelines
The average Saudi Arabia company incorporation engagement period is 11 months as outlined below:
Service | MISA LLC | National LLC | Commercial Agency Agreement |
---|---|---|---|
Engagement planning | 2 weeks | 2 weeks | 2 weeks |
Company incorporation | 7 months | 6 weeks | 6 weeks |
Corporate bank account approval | 3 months | 2 weeks | 2 weeks |
Corporate internet banking approval | 1 month | 1 week | 1 week |
Changes of corporate structure (if required) | N/A | N/A | N/A |
Engagement completion | 1 week | 1 week | 1 week |
Total engagement period | 11 months | 3 months | 2 months |