START YOUR BUSINESS IN THE SAUDI ARABIA
Saudi Arabia is a dynamic and fast-growing market that offers many opportunities for entrepreneurs and investors. The country has been implementing various reforms and initiatives to diversify its economy, improve its business environment, and attract foreign investment. Whether you want to start a new business or expand your existing one, Saudi Arabia has a range of options for you to choose from.
BUSINESS SETUP IN THE SAUDI ARABIA
Saudi Arabia is a dynamic and fast-growing market that offers many opportunities for entrepreneurs and investors. The country has been implementing various reforms and initiatives to diversify its economy, improve its business environment, and attract foreign investment. Whether you want to start a new business or expand your existing one, Saudi Arabia has a range of options for you to choose from.
Saudi Arabia is one of the fastest business climate improvers, according to the annual World Bank’s group report . The reforms ongoing in the country, both at the business and the social levels are favorable for the investors to come.
While the petrochemical industry, followed by construction, is traditionally Saudi Arabia’s profitable primary source, new spheres are developing. Following the boost of tourism and entertainment since September 2019, the Kingdom is welcoming visitors, issuing tourists visas for the first time and removing archaic public regulations.
At WIS, we have a team of experienced and knowledgeable professionals who can help you with the financial and legal aspects of running a business in Saudi Arabia. We provide the best integrated business solutions in the country, tailored to your needs and goals.
We analyze and optimize your business processes to ensure that you achieve success and growth. We offer a one-stop solution for all your business needs, from advising on foreign investors’ rights to shareholder quotas and other relevant business issues.
At WIS, we have a team of experienced and knowledgeable professionals who can help you with the financial and legal aspects of running a business in Saudi Arabia. We provide the best integrated business solutions in the country, tailored to your needs and goals.
We analyze and optimize your business processes to ensure that you achieve success and growth. We offer a one-stop solution for all your business needs, from advising on foreign investors’ rights to shareholder quotas and other relevant business issues.
SET-UP PROCESS
01
Customize Your Package
With the help of our Business Development professionals, you will select your suitable legal entity, license type, locationand facility.
02
Submit Application
Our Business Development professionals will guide you from filling out your application all throughout submission, ensuring that all requirements are met.
03
Get Your License
Your licence along with your registration set and bank letter will be issued upon completion of the licensing formality, then the visa application process will start.
Benefits of setting up a company in Saudi Arabia
B e n e f i t s
Ease of doing business
Saudi Arabia has been implementing various reforms and initiatives to improve its business environment and attract foreign investment. It has joined the World Trade Organization, modernized its trade policy, and standardized its market practices
Taxation
Saudi Arabia is a tax haven state for individuals and businesses. It does not impose any income tax on individuals earning through employment or investment in the country. It only taxes businesses for their profits and gains, at a rate of 20% for foreign companies and 2.5% for local companies.
Flexibility
Saudi Arabia offers a range of options for foreign investors to choose from, depending on their needs and goals. They can set up a 100% foreign-owned company in certain sectors, or partner with a local entity in others.
Security
Saudi Arabia has one of the lowest crime rates in the world, along with one of the highest standards of healthcare and education. It also has a stable political and cultural system, with a strong monarchy and a loyal population. It is a safe and comfortable place to live and work, with modern infrastructure and amenities
Opportunity
Saudi Arabia is a dynamic and fast-growing market that offers many opportunities for entrepreneurs and investors. It has a large and young population, with high disposable income and consumer demand. It has a rich natural resource base, especially oil and gas, which accounts for most of its exports and revenues.
Benefits of setting up a company in Saudi Arabia
Benefits
Ease of doing business
Saudi Arabia has been implementing various reforms and initiatives to improve its business environment and attract foreign investment. It has joined the World Trade Organization, modernized its trade policy, and standardized its market practices
Taxation
Saudi Arabia is a tax haven state for individuals and businesses. It does not impose any income tax on individuals earning through employment or investment in the country. It only taxes businesses for their profits and gains, at a rate of 20% for foreign companies and 2.5% for local companies.
Flexibility
Saudi Arabia offers a range of options for foreign investors to choose from, depending on their needs and goals. They can set up a 100% foreign-owned company in certain sectors, or partner with a local entity in others.
Security
Saudi Arabia has one of the lowest crime rates in the world, along with one of the highest standards of healthcare and education. It also has a stable political and cultural system, with a strong monarchy and a loyal population. It is a safe and comfortable place to live and work, with modern infrastructure and amenities
Opportunity
Saudi Arabia is a dynamic and fast-growing market that offers many opportunities for entrepreneurs and investors. It has a large and young population, with high disposable income and consumer demand. It has a rich natural resource base, especially oil and gas, which accounts for most of its exports and revenues.
Want to start a new business?
WIS WILL HELP YOU IN ALL PROCESS
01
Obtaining Your Investment License
Obtaining your SAGIA license and other permits or licenses
02
Registering Your Company
WIS will obtain a commercial registration from MOCI to register your company and certify your legal existence in Saudi Arabia.
03
Choosing Location
Finding a suitable location and office space for your business
04
Hiring Stuff
we will help you recruit qualified and skilled employees for your branch office and follow the labor laws and regulations of Saudi Arabia
WIS will handle all the procedures and paperwork for you quickly and transparently.
Our team will work with you and keep you updated.
WHY WIS?
Effectiveness solutions
We offer you more than just market entry solutions. We provide you with real support in every aspect and stage of your business. In addition to incorporation, we include perks and consultations and various additional governmental services that are essential for your success.
A real partner
Our goal is to be more than just service providers. We want to be real advisors and partners, who can offer you value-driven services in operations and business development. We care about building long-term relationships with you that go beyond your initial market entry. We want to support you throughout your journey and help you achieve your objectives.
BEST VALUE
Our aim is to ensure that you get more value for money that you pay to us. We do this by offering you an excellent and error-free service, that meets your needs and expectations. We also give you the right advice, that helps you make the best decisions for your business. Moreover, we help you maximize your benefit from government support programs.
REMOTE SETUP
We can support foreigners setting up business in Saudi Arabia. You don’t need to be physically present in the nation to establish your firm because we’ll cover all the criteria and paperwork.
TRANSPARENT WAY
We won’t charge you any unexpected fees. We uphold an open-book policy and make sure that our clients know all the steps in setting up business in Saudi Arabia.
