Business Link UAE has the experience and ability to exhortation clients on the reasonable organization type considering the traditions that must be adhered to and the exceptional client’s needs. We have the experience of having taken care of various ventures and topographies over the world. We get fund and the lawful system required to deal with an organization’s tasks. We will instruct on the rate regarding shareholding considered outsiders, and the rights which go with that rate and other such business matters. Business Link UAE has been working in GCC for more than 10 years. With an association in Saudi Arabia, Business Link UAE is nearer to the client with a superior comprehension of the Saudi Arabia Company Laws and Practices.
Licensing for Saudi Arabia Company Formation
The Saudi Arabian General Investment Authority (SAGIA) is the license provider for foreign investment company registration.
Foreign Investment During Saudi Arabia Company Formation
100% foreign investment is allowed in all service sectors. But, trading and retails activities are only for Saudi Nationals.
Minimum Paid Up Capital
Services | No Charge, but need to maintain minimum service charge |
Industrial | SAR 1M |
Trading | SAR 20M |
Agriculture | SAR 25M |
Real Estate | SAR 30M |
Types of Tax on Company Formation in Saudi Arabia
- Service Company Tax – 20%
- Local Saudi Companies Tax – 2%
Accounting and Tax
According to shareholder companies and their structures, there are three types of taxes are applied
1. Corporate Tax:
All registered entities and branches are considered under foreign ownership.
2. Withholding Tax:
This tax applied to those entities which are making income from non-residence business like rent, royalties and management fees.
3. Zakat Tax:
Local Saudi investors and company shareholders are charges under this tax up to 2% and non-Saudi are charged under corporate tax which is 20%.
In some cases, where the company is owned by Saudi and Non-Saudi, in that case, the income tax of non-Saudi is considered under corporate tax and Saudi share and other tax charges go under Zakat and.
Some Basic Registrations for Company Setup in Saudi Arabia
- Saudi Arabian General Investment Authority License
- Incubation Letter for Subsidized Licensing Fee
- Articles Of Association (AOA)
- Commercial Registration
- Chamber of Commerce Registration
Additional Licenses You May Need
- Registration with the Ministry of Labor and Social Development (MLSD)
- Registration with General Organization of Social Insurance (GOSI)
- Registration with General Authority of Zakat and Tax (GAZT)
- Registration of Required Local Address (Wasel)
- Issuance of General Manager Visa
Business Link UAE is the best place for company formation in Saudi Arabia because they provide you all, which you need and guide you from initial steps to final setup.
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