Starting a business in Saudi Arabia isn’t easy because you will need to apply for all the legal documents. Whether you’re a professional or a local from UAE, it might be easy for you. But if you’re a foreigner trying to invest or start your business in the UAE, it is crucial that you get access to the trade license in Saudi Arabia. If you’re aiming to start your business in Saudi Arabia, you will need to have a business license in Saudi Arabia.
The Saudi Arabian General Investment Authority or SAGIA|MISA is responsible for providing Saudi Arabian business licenses. Hence, you will need to start all the business criteria set by them. If you’re a foreigner you can get in touch with the consulting companies in Saudi Arabia for they can help you with getting the trade license. Biz Link is one of the most prominent service providers who can help you in the long run for obtaining a business license in Saudi Arabia.
What type of business can I start?
It is advisable to follow the advice of business consultants in Saudi Arabia to find the best deal. Starting a business in the Kingdom of Saudi Arabia is not a tough choice. The business consultants would however play an important role in understanding how and where to set up a business.
According to the experts, some of the common types of businesses for which you can receive a trade license in Saudi Arabia include the following
- Joint Liability Company
- Limited Partnership Companies
- Joint Ventures
- Joint Stock Companies
- Limited Liability Companies
What is the process of obtaining a trade license in Saudia Arabia?
If you want to achieve a business license in Saudi Arabia, you will have to analyze what are the options available to you. According to experts, some of the common things to keep in mind before applying for a business license in Saudi Arabia include the following
Licensing and Registering
When it comes to licensing and registering, Limited Liability Companies are the easiest to apply for. You can reach out to your business consultant in Riyadh or Saudi Arabia for they are the ones who can help you with the licensing and registering process.
SAGIA|MISA can eventually help you with foreign investments. The process however can be extended up to 15 years for attaining the license.
Reserving the Name
The Ministry of Commerce and Industry would however play an important role in the registration and reservation of the name. Your business consultant in Saudi Arabia would thus play an important role in helping you with the registration of names.
Opening Bank Account
You will need a period of one day to start opening your bank account. Business Link can help you contact professionals who will help in opening the bank account.
There are different departments you will need to apply to obtain a business license in Saudi Arabia. Your professional consultants would further play an important role in helping you meet the basic requirements.
Business Link is a leading company formation in GCC Countries. Business Link offers the best business setup services in GCC Countries an affordable cost. For More info:
✉ info@businesslinkuae.com | 🌐 www.businesslink.sa |📞+971 55 6070 118 | ☎ + 971 43 215 228
