Foreign Company Branch in Saudi Arabia
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Expand your services to the largest economy in the GCC
Business opportunities in Saudi Arabia have been quite promising in recent years, thanks to changes in reforms, technological advancements, and an influx of foreign investors adding to the growth of the economy, enabling investors to open a company branch in Saudi Arabia.
If you’ve been thinking of opening a company in Saudi Arabia, then you can only establish a branch office. Here is all you need to know about opening a branch office in KSA:
A branch office is another establishment located separately from the parent/holding company. Establishing a branch office in Saudi Arabia allows foreign investors to increase and expand their presence in Saudi Arabia through a business they can own 100%. In this structure, the branch office is required to carry out the same activities as that of its parent company.
As a business setup consultancy firm that deals with business setup services both in UAE and in KSA, our team in the home ground can provide guidance while our team in KSA will take over your branch setup process and support you till the end!
Benefits of opening branch in Saudi Arabia
- The most significant benefit of a branch office has to be the ability to completely own your business as a foreign investor.
- To set up a branch office, you don’t require the assistance of a local sponsor.
- Establishing a branch office in Saudi Arabia does not require you to draft new Articles of Association, therefore resulting in a quicker turnover time.
Documents required for branch in Saudi Arabia
To have your branch office license processed successfully, you are required to submit the following documents in order to avoid delays mid-way. Business Link assists you in the preparation and collection of these documents to ensure a smooth setup process.
- Parent company business license
- Memorandum of Association
- Company resolution - Format to be provided by BusinessLink
- Power of Attorney (for Business Link KSA to take over your business setup process)
- Audit report of your parent company
- Shareholder’s certificate
- Copy of shareholder’s passport
Things to keep in mind
- Company name and activities of the branch must be the same.
- All documents submitted must be translated to Arabic
- Attest the documents - country of origin.
Process
Starting a new business can be nerve-wracking to say the least, especially when it’s a new country that you are not familiar with. However, with Business Link, it can become a cakewalk as you’ll have our consultants by your side. Below is the process we undertake to successfully aid in establishing your branch office in Saudi Arabia.
- Step 1: The process starts with our team in Saudi Arabia applying for your branch license in SAGIA/ MISA.
- Step 2: All necessary payments for the SAGIA/MISA are made.
- Step 3: Your trade name and business activity is booked and sent for approval.
- Step 4: After manager visa, our team assists with the activation of the Chamber of Commerce Portal.
- Step 5: Your documents are then sent for attestation to the Ministry of Foreign Affairs, Saudi Embassy, and Chamber of Commerce in Saudi Arabia.
- Step 6: Your branch office is registered with General Organization for Social Insurance (GOSI), Zakat (Tax Authority), and the Ministry of Human Resources and Social Development (MOHRS).
- Step 7: We assist for the corporate bank account (Riyadh Bank).
- Step 8: Next, we register for a virtual office national address for your branch office
- Step 9: We also assist with the registration of the appointed manager at the Chamber of Commerce.
Are you an entrepreneur eager to take your business to the next level in KSA? Hire Business Link and let us manage your branch office launch in KSA.