SAGIA or Saudi Arabian General Investment Authority, which is run by the Government of Saudi Arabia, which deals with the foreign investment license. The primary aim of this SAGIA company formation is to ease the process of setting up your business. It helps the business owners to grab advantage of the foreign investment application within 30 days.
What are the Various Benefits of SAGIA Company Formation?
Ownership: While having the SAGIA license, the business owner will be the sole proprietor of the business. After successfully having SAGIA license, a person will get complete foreign ownership of the company. It is very beneficial in preventing future conflicts among the partners.
Eligible for the Loans: With SAGIA license, a business owner in Saudi Arabia can apply for any loan across the region. A business owner can quickly request for loans with the help of the Saudi national investors receive.
Company will get Registered: With the help of the SAGIA license, a company will get registered in Saudi Arabia. Then he or she will get a chance to work along with the certified employees and the registered sponsors as well.
Relationship of SAGIA Company Formation and Taxes
As per the Government of Saudi Arabia, a business owner can get all the below benefits after getting foreign company registration in Saudi Arabia.
- There will be no personal tax to the business owner, who is going to start a business in Saudi Arabia
- A business owner can quickly grab the benefit from all the agreements, which deals along with the taxation among the other countries.
- A person will not have needed to pay more for the land, water, power, and other resources.
- There will be around 50% reduction of tax on the cost, which occurs on the annual expenditure on hiring and providing training to the Saudi nationals.
- There will be a deduction in the tax slabs for all the industries related projects.
From Where You can Grab all the Benefits of the SAGIA Company Formation?
When it is about the SAGIA company formation, then there are several services providers that come into your mind. But when you are seeking for the best and the genuine services, then the only services provider who can help you is the Business Link. We are the best services provider having extensive knowledge about the SAGIA company registration or business registration in Saudi Arabia. We are also helping new entrepreneurs or innovators who are planning to setup their new business in Saudi Arabia to get a SAGIA Entrepreneur License. This will help you to reduce the obstacles you may face during startups.
Our expert team at Business Link are always available to give the best and the genuine consultation to our customers. We always make sure that our customers will get the best consultation and have the answers of their queries whether it is online chat, Whats App or over the phone call.
Advantages of Grabbing SAGIA Services from Business Link
Our SAGIA services includes
- Booking for the commercial name
- Registration of company branch
- Amendment of company
- Amendment of Sole Establishment
- Studies of articles of association of the new company
- Issuance of Commercial register for subsidiaries of foreign companies
- Renewal of commercial registration of companies
- Review of articles of association of the new company
If you are looking for KSA company setup or business registration in Saudi Arabia, we will help you to get the SAGIA license for your business setup in Saudi Arabia. Our team will always be there to resolve all of your major as well as minor doubts related to the business formation.
From the above discussion, we believe that it is cleared to you what is SAGIA and how the services from Business Link can be beneficial for you when you are going to start any business in Saudi Arabia.