Formal procedures are being observed in order to introduce any change of activities or that lawful changes may be effected only by the Board of Directors in respect of the merger of companies and joint partnerships.
Our team is ready to serve foreign investors and local businessmen for the incorporation of various kinds of companies:
1) General partnerships (joint liability companies)
2) Limited liability companies (“LLCs”)
3) Joint ventures
4) Partnerships limited by shares
5) Limited liability partnerships
6) Joint stock companies (“JSC”)
7) Holding companies
9) Unlimited liability companies
10) Foreign company
Guide to Commercial Registration:
Registration of a company in Saudi Arabia follows this stage process:
- Preparation of documents including legalization by Saudi Consulate
- Submission of an application to Saudi Arabian General Investment Authority (SAGIA)
- Obtaining approval from the Companies Department at the Ministry of Commerce and Investments, after submitting the Articles of Association and the company name.
- Sign the Articles of Association in front of a notary public.
- Publication of the company name and a summary of Articles of Association in the official gazette –
- Open a bank account, transfer the share capital and obtain a certificate stating that the capital has been deposited
- Register with the General Department of Passports, Ministry of Interior and the Ministry of Labor and obtain a work visa for the company manager.
- Company manager getting his visa stamped at the Saudi consulate and obtaining his work permit and residence permit upon arrival in Saudi Arabia.
- Registrations with the Commercial Registry at the Ministry of Commerce and Investments, and the Chamber of Commerce.
- Obtaining a file number and certificate of a business commencement by registering with the Department of Zakat and Income Tax (DZIT), Ministry of Finance.
- Register with the General Organization of Social Insurance.
