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license-req.html
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<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1">
<title>AlAvokato</title>
<link href="https://cdn.jsdelivr.net/npm/[email protected]/dist/css/bootstrap.min.css" rel="stylesheet">
<!-- google fonts -->
<link href="https://fonts.googleapis.com/css2?family=Archivo:wght@300;400;500;600;700;800;900&display=swap"
rel="stylesheet">
<!-- slick css -->
<link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/slick-carousel/1.8.1/slick.min.css">
<link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/slick-carousel/1.8.1/slick-theme.min.css">
<!-- fontawesome -->
<link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/font-awesome/5.15.4/css/all.min.css">
<!-- style css -->
<link rel="stylesheet" href="css/style.css">
</head>
<body>
<!-- navbar -->
<nav class="navbar navbar-expand-lg bg-black">
<div class="container">
<a class="navbar-brand" href="/index.html">
<img src="img/logo.png" class="img-fluid logo" alt="">
</a>
<button class="navbar-toggler" type="button" data-bs-toggle="collapse"
data-bs-target="#navbarSupportedContent" aria-controls="navbarSupportedContent" aria-expanded="false"
aria-label="Toggle navigation">
<span class="fa fa-bars text-white"></span>
</button>
<div class="collapse navbar-collapse" id="navbarSupportedContent">
<ul class="navbar-nav mx-auto mb-2 mb-lg-0 gap-4">
<li class="nav-item">
<a class="nav-link text-white" href="index.html">Home</a>
</li>
<li class="nav-item">
<a class="nav-link text-white" href="#">Our services</a>
</li>
<li class="nav-item">
<a class="nav-link text-white active" href="license-req.html">License Requirements</a>
</li>
<li class="nav-item">
<a class="nav-link text-white" href="blog.html">Blog</a>
</li>
<li class="nav-item">
<a class="nav-link text-white" href="faqs.html">FAQ</a>
</li>
<li class="nav-item">
<a class="nav-link text-white" href="contact.html">Contact us</a>
</li>
</ul>
<a href="" class="btn btn-orange fs-18 px-4">
Get a Quote
</a>
</div>
</div>
</nav>
<!-- navbar -->
<!-- hero -->
<section class="license-hero">
<div class="container-fluid p-0">
<img src="img/license-hero.png" class="img-fluid w-100" alt="">
</div>
</section>
<!-- hero -->
<!-- requirment -->
<section class="requirement bg-white py-50">
<div class="container">
<div class="row g-5">
<div class="col-md-7">
<h2 class="fs-32 fw-medium">
Requirement for Obtaining a Business License in Saudi Arabia
</h2>
<p class="fs-20">
The business formation requirements in Saudi Arabia may depend on the nature of the company, but
the following documents
are best to prepare and must be submitted in Arabic.
</p>
<div class="row g-5 mt-2">
<div class="col-md-5">
<div class="d-flex justify-content-start align-items-start">
<i class="fa fa-circle me-2 mt-1"></i> <span class="fs-20">Parent Company’s Memorandum &
Articles of
Association</span>
</div>
</div>
<div class="col-md-5 offset-md-2">
<div class="d-flex justify-content-start align-items-start">
<i class="fa fa-circle me-2 mt-1"></i> <span class="fs-20">
Attested Financial Statement for the Last Full Year
</span>
</div>
</div>
<div class="col-md-5">
<div class="d-flex justify-content-start align-items-start">
<i class="fa fa-circle me-2 mt-1"></i> <span class="fs-20">Business License/Trade
License</span>
</div>
</div>
<div class="col-md-5 offset-md-2">
<div class="d-flex justify-content-start align-items-start">
<i class="fa fa-circle me-2 mt-1"></i> <span class="fs-20">
Certificate of Incorporation
</span>
</div>
</div>
<div class="col-md-5">
<div class="d-flex justify-content-start align-items-start">
<i class="fa fa-circle me-2 mt-1"></i> <span class="fs-20">Board Resolution</span>
</div>
</div>
<div class="col-md-5 offset-md-2">
<div class="d-flex justify-content-start align-items-start">
<i class="fa fa-circle me-2 mt-1"></i> <span class="fs-20">
Power of Attorney
</span>
</div>
</div>
</div>
</div>
<div class="col-md-5">
<img src="img/seat.png" class="img-fluid w-100" alt="">
</div>
</div>
</div>
</section>
<!-- requirment -->
<!-- steps -->
<section class="steps pt-36">
<div class="container">
<h2 class="fs-42">
The initial steps involved in setting up a business in
</h2>
<h1 class="fs-62 text-orange">
Saudi Arabia
</h1>
<img src="img/steps.png" class="img-fluid d-block mx-auto step-img w-50" alt="">
</div>
</section>
<!-- steps -->
<!-- list -->
<section class="list py-60 bg-white">
<div class="container">
<h2 class="fs-32">
What are the initial steps involved in setting up a business in Saudi Arabia?
</h2>
<p class="fs-20">
To set up a business in Saudi Arabia, there can be varying requirements depending on the entity type.
The process is
generally similar, from registration, licensing to set up. Companies must complete the following steps
in order to begin
the process of setting up a business in Saudi Arabia:
</p>
<ol class="fs-20">
<li class="mb-2">
Register with the Ministry of Commerce and Industry (MOCI).
</li>
<li class="mb-2">
Foreign owned companies must register with the Ministry of Investment (MISA) – formerly known as
‘SAGIA’.
</li>
<li class="mb-2">
Open a local Saudi Arabia bank account.
</li>
<li class="mb-2">
Register Wasel – the mandatory provision of a local address to the government. LLCs will require a
physical local office
lease and address as a virtual office is not sufficient.
</li>
<li class="mb-2">
Register with the Ministry of Labour and Social Development (MLSD) visa issuing authority to permit
labour
in-country.
</li>
<li class="mb-2">
Register with the General Organisation of Social Insurance (GOSI) - a mandatory social insurance for
processing salaries
monthly and maintains government records for the Saudisation quota system.
</li>
</ol>
</div>
</section>
<!-- list -->
<!-- necessary docs -->
<section class="necessary-doc pb-50 bg-white">
<div class="container">
<div class="text-center">
<h2 class="fs-32">
Necessary documents to begin the procedure
</h2>
<div class="row mt-5 g-4">
<div class="col-md-4">
<div
class="card h-100 d-flex justify-content-center align-items-center rounded-0 border-0 bg-17">
<div class="card-body h-100 d-flex justify-content-center align-items-center">
<p class="text-white fs-22 mb-0">
The Commercial Registration (CR) or business license – Issued by MOCI, the CR
certificate outlines and enables the
company to conduct business activities in Saudi Arabia, and allows the same rights
as given to a citizen.
</p>
</div>
</div>
</div>
<div class="col-md-4">
<div
class="card h-100 d-flex justify-content-center align-items-center rounded-0 border-0 bg-17 position-relative">
<img src="img/2.png" class="img-fluid card-img-top" alt="">
<div class="card-body position-absolute">
<p class="text-white fs-22 mb-0">
The Memorandum of Association (MoA) or Articles of Association (AoA) – Approved by
MOCI and signed in the presence of a
notary
</p>
</div>
</div>
</div>
<div class="col-md-4">
<div
class="card h-100 d-flex justify-content-center align-items-center rounded-0 border-black bg-white">
<div class="card-body h-100 d-flex flex-column justify-content-center align-items-center">
<h2 class="fs-42 mb-5">
For Foreign companies
</h2>
<p class="fs-22 mb-0">
Setting up in Saudi Arabia, they require an audited financial statement for the last
financial year
</p>
</div>
</div>
</div>
<div class="col-md-4">
<div
class="card h-100 d-flex justify-content-center align-items-center rounded-0 border-black bg-white">
<div class="card-body h-100 d-flex flex-column justify-content-center align-items-center">
<p class="fs-22 mb-0">
A passport copy of the assigned General Manager of the Saudi Arabian entity
</p>
</div>
</div>
</div>
<div class="col-md-4">
<div
class="card h-100 d-flex justify-content-center align-items-center rounded-0 border-0 bg-17 position-relative">
<img src="img/5.png" class="img-fluid card-img-top" alt="">
<div class="card-body position-absolute">
<p class="text-white fs-22 mb-0">
A Certificate of Incumbency.
</p>
</div>
</div>
</div>
<div class="col-md-4">
<div
class="card h-100 d-flex justify-content-center align-items-center rounded-0 border-0 bg-17">
<div class="card-body h-100 d-flex justify-content-center align-items-center">
<p class="text-white fs-22 mb-0">
For certain activity types, the company would require specific licensing from the
relevant government departments, for
example, a pharmaceutical company would require a Saudi Food and Drug Association
licence.
</p>
</div>
</div>
</div>
</div>
</div>
</div>
</section>
<!-- necessary docs -->
<!-- requirements -->
<section class="requirements pb-50 bg-white">
<div class="container">
<div class="text-center">
<h2 class="fs-32">
Requirements for establishing a saudi company
</h2>
<div class="table-holder">
<table class="table mt-5">
<thead>
<tr>
<th class="bg-black">
<span class="fs-22 text-white">
Particulars
</span>
</th>
<th class="bg-black">
<span class="fs-22 text-white">
LLC
</span>
</th>
<th class="bg-black">
<span class="fs-22 text-white">
JSC
</span>
</th>
<th class="bg-black">
<span class="fs-22 text-white">
Branch
</span>
</th>
</tr>
</thead>
<tbody>
<tr>
<td class="fw-medium text-uppercase">
number of shareholders
</td>
<td class="fw-normal">
1 to maximum of 50 shareholders
</td>
<td class="fw-normal">
Normally 2 shareholders1 shareholder is permitted minimum capital SR 5,000,000.
</td>
<td class="fw-normal">
Non applicable
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
CAPITAL
REQUIREMENTS
</td>
<td class="fw-normal">
Determined by the Ministry of Investment of Saudi Arabia (MISA) (depending on
activity shareholding)
</td>
<td class="fw-normal">
SR 500,000 orSR 5,000,000 (in case of single shareholder)
</td>
<td class="fw-normal">
Normally SR 500,000 (may be lower or higher depending on activity)
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
LIMITED LIABILITY
</td>
<td class="fw-normal">
Yes
</td>
<td class="fw-normal">
Yes
</td>
<td class="fw-normal">
No
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
LOSSES EXCEED 50% OF CAPITAL
</td>
<td class="fw-normal">
Should losses exceed 50% of capital, the shareholders are not personally liable for
LLC debts. Shareholders to meet
within 90 days & agree to dissolve or continue business & publish the decision.
</td>
<td class="fw-normal">
Should losses exceed 50% of capital, the shareholders are not personally liable for
JSC debts. Shareholders to meet
within 45 days via general meeting & agree to dissolve or increase the JSC
share capital.
</td>
<td class="fw-normal">
The head offices liability will not be restricted to the amount of branch’s capital.
Should losses exceed 50% of
capital, the shareholders to meet within 90 days & agree to dissolve or continue
business.
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
CORPORATE TAXES ON ANNUAL NET PROFITS
</td>
<td class="fw-normal">
20%
</td>
<td class="fw-normal">
20%
</td>
<td class="fw-normal">
20%
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
ZAKAT RATE PAYABLE BY GCC RESIDENTS ONLY
</td>
<td class="fw-normal">
2.5%
</td>
<td class="fw-normal">
2.5%
</td>
<td class="fw-normal">
2.5%
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
APPOINT AUDITOR
</td>
<td class="fw-normal">
Yes Required
</td>
<td class="fw-normal">
Yes Required
</td>
<td class="fw-normal">
Yes Required
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
ABILITY TO BID FOR GOVERNMENT CONTRACTS FILE ANNUAL
TAX RETURN
</td>
<td class="fw-normal">
Required
</td>
<td class="fw-normal">
Required
</td>
<td class="fw-normal">
Required
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
FILE ANNUAL FINAL STATEMENTS
</td>
<td class="fw-normal">
Required
</td>
<td class="fw-normal">
Required
</td>
<td class="fw-normal">
Required
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</section>
<!-- requirements -->
<!-- establishing -->
<section class="requirements pb-50 bg-white">
<div class="container">
<div class="text-center">
<h2 class="fs-32">
Requirements for establishing a saudi company
</h2>
<div class="table-holder">
<table class="table mt-5">
<thead>
<tr>
<th class="bg-orange">
<span class="fs-22 text-white">
Particulars
</span>
</th>
<th class="bg-orange">
<span class="fs-22 text-white">
LLC
</span>
</th>
<th class="bg-orange">
<span class="fs-22 text-white">
JSC
</span>
</th>
<th class="bg-orange">
<span class="fs-22 text-white">
Branch
</span>
</th>
</tr>
</thead>
<tbody>
<tr>
<td class="fw-medium text-uppercase">
REGISTER SAUDI COMPANY NAME
</td>
<td class="fw-normal">
1-2 working days
</td>
<td class="fw-normal">
1-2 working days
</td>
<td class="fw-normal">
1-2 working days
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
apply & receive ministry of investment of Saudi Arabia(misa) license
</td>
<td class="fw-normal">
2-4 weeks depending on business activity
</td>
<td class="fw-normal">
2-4 weeks depending on business activity
</td>
<td class="fw-normal">
2-4 weeks depending on business activity
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
REVIEW & APPROVE ENTITY DOCUMENTS
</td>
<td class="fw-normal">
5 working days
</td>
<td class="fw-normal">
5 working days
</td>
<td class="fw-normal">
5 working days to complete
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
NOTARISE ARTICLES OF ASSOCIATION
</td>
<td class="fw-normal">
1-2 working days
</td>
<td class="fw-normal">
1-2 working days
</td>
<td class="fw-normal">
Not applicable
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
pay registration fee & receive commercial registration
</td>
<td class="fw-normal">
1 working day
</td>
<td class="fw-normal">
1 working day
</td>
<td class="fw-normal">
1 working day
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
register office address
</td>
<td class="fw-normal">
Required
</td>
<td class="fw-normal">
Required
</td>
<td class="fw-normal">
Required
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
commercial registary
</td>
<td class="fw-normal">
2 working days
</td>
<td class="fw-normal">
2 working days
</td>
<td class="fw-normal">
2 working days
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
register chamber of commerce
</td>
<td class="fw-normal">
1 working day
</td>
<td class="fw-normal">
1 working day
</td>
<td class="fw-normal">
1 working day
</td>
</tr>
<tr>
<td class="fw-medium text-uppercase">
register with labour
</td>
<td class="fw-normal">
1 working day
</td>
<td class="fw-normal">
1 working day
</td>
<td class="fw-normal">
1 working day
</td>
</tr>
<tr>
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