The establishment of SAGIA provides for accelerated investment application, For foreign companies within 5 days of submission to SAGIA.
What is a SAGIA/MISA Company Formation in Saudi Arabia?
In 2000, the Saudi government announced a new Foreign Investment Law. It introduces regulatory incentives provided for the establishment of the Saudi Arabian General Investment Authority (SAGIA/MISA). Moreover to assist foreign investors in the application and approval process for operating in the Kingdom.
SAGIA/MISA issues the Investor License which enables you to open a 100% foreign-owned onshore entity in Saudi Arabia. In fact, you do not need a local partner and can operate anywhere in the Kingdom. Please note, certain activities are restricted such as recruitment, medical, and consulting .
