Saudi Arabia has a set of company categories they allow to be set up in their business market. Subsidizing the companies will be a good step for doing business in Saudi Arabia for foreign nationals, mainly regarding investment. So, let's look at the companies ideal for you as a potential business person.
1. Limited Partnerships Among all the business entities, a Limited partnership is considered the best business in Saudi Arabia for expatriates. To have a limited partnership in Saudi Arabia, one does not need to have KSA as a nationality. This partnership will be ideal for those groups of people from different countries but with a united business plan. The partnership needs to have a director and two partners. Nationality does not matter as long as the business venture is eligible and adheres to the laws of Saudi Arabia. One of the partners must be the general partner, while the other should be the limited partner. The best feature of this partnership is that you have no minimum investment capital during registration. 2. Joint Stock Company The joint stock company should mandatorily have two shareholders and three directors. The nationality can be diverse. The company should also have an auditor to submit the annual financial reports. You need a minimum of SAR500,000 or $134,000 as capital for registering the business. The Ministry of Commerce and Industry will approve the capital. After this, you can pay the money at once or in installments. But, at least ¼ of the capital must be paid at the subscription time. 3. Agency Agreement Though not a formal approach, this entity gets the work done faster and more cost-effectively. With this approach, having a place in the business space becomes more accessible. You must approach a local commercial agent to get into the business sector and establish your company. As you don't need to have a license from MISA (Ministry of Investment), ensure that the agency you approach is registered with the Ministry of Commerce and Industry. It will legalize your businesseven if you don’t have a license. 4. Limited Liability Companies One of the most sought business approaches is the LLC (Limited Liability Company). It is preferred mainly by local business people and the Gulf Cooperation Council (GCC) investors. This preference is because setting up an LLC requires only one director and shareholder. In this regard, Company Hubs is ready to provide you with complete guidance in setting up a company in KSA cost-effectively and speedily. With a share capital of SAR 100,000, it will take only up to two months for you to set up your business. It is also a popular choice considered by foreign nationals who aspire to contribute to the business sector of Saudi Arabia. If done smartly and with good planning, investment in any business will provide excellent results. Choosing the right sector to invest in and start a business requires a stable plan and solid capital. So, approach your establishment well and start your business in Saudi Arabia as a successful business person.
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