Business Setup with 100% Ownership in Saudi Arabia
100% Foreign Ownership & Hassle-Free Business Setup in Saudi Arabia with Freezoner
Why Choose Why 100% Ownership in Saudi Arabia?
Big Market, Big Profits
Saudi Arabia has a young population with income to spend, making it a great place to sell your products or services.
Government Incentives
The Saudi government wants you to invest there! They offer tax breaks, discounts, and easier ways to register your business.
Global Hub
Being in the middle of three continents, Saudi Arabia is a perfect launchpad to sell to other countries nearby and even further away.
Simpler Setup
The Saudi government has made it much easier for foreigners to start businesses there – less paperwork, less hassle!
Be Your Own Boss
With 100% ownership, you're in charge! Make all the decisions and keep all the profits. You can run your business exactly how you want.
Operational Flexibility
Sole ownership grants you complete control over your business strategy, operations, and future direction.
The Process of Setup 100 % Foreign-Owned Company in Saudi Arabia
- 1-Selecting your business structure.
- 2-Acquiring essential licenses and permits
- 3-Depositing the mandated capital in a local bank.
- 4-Submitting necessary documents to the Ministry of Commerce and Investment.
- 5-Obtaining work and residency permits for foreign staff.
- 6-Adhering to labor laws.
- 7-Reserving an exclusive company name.
- 8-Appointing a Resident Manager.
- 9-Securing a physical office space.
- 10-Registering with the General Authority of Zakat and Tax.
- 11-Opening a business bank account.
- 12-Renewing licenses and maintaining ongoing compliance.
Why Choose Freezoner?
License & Permit Helpers
Don’t worry about figuring out which licenses and permits you need. We’ll guide you through the process and make sure you have everything to operate legally.
Banking Solutions
Opening a business bank account can be confusing. We’ll walk you through the steps and connect you with the right bank for your needs.
Government Go-Betweens
Dealing with government offices can be tricky. Freezoner can act as your middleman, saving you time and frustration by handling the communication with Saudi authorities.
Market Expert
Our team lives and breathes the Saudi business scene. We understand the ins and outs of legalities, licenses, and government regulations, so you don’t have to become an expert yourself. We’ll guide you through the process clearly and efficiently.
Staying on Track
Once you’re up and running, Freezoner can help you stay compliant with all the Saudi business rules and tax regulations.
Visa & Sponsorship Support
Need work visas for yourself and your employees? We can help with the application process and sponsorship, so you can focus on building your team.
Explore More Services
Bank Account Services
Effortlessly open personal or corporate bank accounts in Saudi Arabia.
Lifetime Residence
FAQs
The timeframe for setting up a 100% foreign-owned company in Saudi Arabia can vary depending on the complexity of your business activity and the efficiency of obtaining necessary approvals. Generally, the process can take anywhere from a few weeks to several months. Freezoner can help expedite the process by acting as your intermediary with government agencies.
The Saudi government offers a range of tax incentives to attract foreign investment seeking business setup in Saudi Arabia without a sponsor. These may include reduced corporate income tax rates, exemptions from customs duties, and tax holidays for specific industries. Freezoner can advise you on the specific incentives applicable to your business activity.
No, a local sponsor is not required to establish a 100% foreign-owned company in Saudi Arabia. This eliminates a previous barrier to foreign investment and simplifies the setup process.
The specific type of business bank account you can open will depend on your company's needs and the regulations of the chosen bank. Freezoner can connect you with reputable banks in Saudi Arabia and guide you through the process of opening a corporate account.
- Expert guidance: Our team has extensive experience navigating the Saudi banking landscape, ensuring you choose the most suitable account for your business.
- Reduced stress: We handle the paperwork and communication with the bank, freeing you to focus on building your business.
- Leverage our connections: We have established relationships with banks, potentially expediting the account opening process.
- Be your point of contact: We handle communication with the bank for you, saving you time and ensuring a smooth application process.
Foreign-owned businesses must comply with all local regulations regarding taxation, accounting, and labor laws. Freezoner can provide ongoing support to ensure your business adheres to these requirements and avoids any potential penalties.
Even after your business is up and running, Freezoner can continue to be a valuable partner. We offer ongoing support services such as accounting assistance, visa renewals for your employees, and assistance with navigating any regulatory changes that may occur.
