With a growing economy, favorable location, and business-friendly environment, Saudi Arabia has become an appealing country for foreign investors to set up a business there. We at MFD Services offer you the best and hassle-free company formation services in Saudi Arabia. Whether you are a foreign entrepreneur or a local businessperson, our team of experts will guide you through the entire setup process while ensuring compliance with Saudi regulations.
Why Choose MFD Services for Company Formation Services in Saudi Arabia?
We are MFD Services, the best in the industry for company formation services in Saudi Arabia. We have expertise in local business laws and procedures, and help make the incorporation process smooth. From documentation to legal compliance, we take care of everything so you can concentrate on expanding your company.
Types of Companies, Requirements, and Tax Information
| Company Type | Requirements | Tax & VAT Information |
| Sole Proprietorship | Ideal for single entrepreneurs engaged in simple business activities. | 20% corporate tax for foreign-owned businesses, 15% VAT. |
| Limited Liability Company (LLC) | Requires at least one shareholder with a minimum share capital of SAR 100,000. | Standard tax and VAT rates apply. |
| Private Limited Company | Popular among foreign investors due to its limited liability benefits. | Subject to Saudi tax laws. |
| Public Limited Company | Suitable for large enterprises seeking public investment. | Tax benefits may be available. |
| General Partnership | Requires at least two partners sharing equal responsibilities. | Standard corporate tax applies. |
| Limited Partnership | A structure where at least one partner has limited liability. | Taxation depends on business activities. |
Key Steps for Company Formation
It starts with trade name reservation to make sure that your company name is unique and records with the Ministry of Commerce & Industry. Following this, document preparation involves drafting Articles of Association and other statutory documents. The next step is bank account opening, where the required minimum share capital is deposited in a corporate bank account. Once these steps are complete, company registration is filed with the Saudi Companies Register, followed by tax and VAT registration with the relevant tax authorities. Finally, business licensing and Chamber of Commerce registration are completed to officially recognize the business.
Timeframe for Company Formation
Usually, getting acompany formation services in Saudi Arabia takes 60 days. But with MFD Services, our specialist advice and prompt availability means that the process can be speeded up and delays kept to a minimum.
Full Foreign Ownership and Business Incentives
One of the biggest advantages of company formation services in Saudi Arabia is that full foreign ownership is allowed in many industries, particularly in wholesale and retail sectors. Additionally, foreign investors setting up in economic regions like Ha’il, Jazan, Najran, Al-Baha, Al-Jouf, and the Northern Territory benefit from special tax incentives and duty exemptions on imported raw materials and machinery.
Setting Up a Business in Saudi Arabia’s Free Zones
Saudi Arabia provides free zones, in which foreign investors can establish businesses under attractive terms. These include tax exemptions, complete foreign ownership, and the easing of legislative requirements. Business entity registration in these free zones is also included in our Saudi Arabia company registration services.
Opening a Corporate Bank Account in Saudi Arabia
Getting a corporate bank account in Saudi Arabia is compulsory for any business. Finally, the process involves filing the incorporation paperwork, depositing the necessary share capital, and activating the account before the company registration certificate is received. MFD Services – A Smooth Banking Process with Us
Premium Residency Program in Saudi Arabia
The Premium Residency Program enables foreign investors to own a residency in Saudi Arabia independent of a local sponsor. Launched as part of Vision 2030, the move seeks to woo foreign talent and businesses. Our team at MFD Services will help you in the application process if you are seeking Saudi residencies.
Why Invest in Saudi Arabia?
Saudi Arabia is ranked 62nd in World Bank’s Ease of Doing Business index and is one of the top 10 global improvers in business climate. It is actually possible to register a business in 11 days and for an affordable cost – only 5.4% of per capita income. Industry is increasingly booming, especially in non-metallic minerals, plastics, chemicals, and petroleum industries making the Kingdom a magnet for business.
Get Started with MFD Services Today!
If you are planning to establish a business in Saudi Arabia, MFD Services is your trusted partner for company formation services in Saudi Arabia. Our team of experts ensures a hassle-free experience from business registration to licensing, banking, and tax compliance.
Contact us today to start your business journey in Saudi Arabia with confidence!
Phone: +966 54 865 6146
Email: info@mfd-services.com