Starting a business in Saudi Arabia
Legal Forms of Companies
- Sole Proprietorship
-
Number of partners: One single person.
Capital (max/min): No minimum capital required.
Shareholders and liability: The individual entrepreneur is liable for the company's debts with his personal possessions.
- Limited Liability Company
-
Number of partners: Minimum one director and one shareholder
Capital (max/min): Minimum SAR 100,000.
Shareholders and liability: Liability is limited to the amount contributed.
- Joint Stock Company
-
Number of partners: Minimum three directors and one shareholder
Capital (max/min): Minimum SAR 500,000.
Shareholders and liability: Liability is limited to the amount contributed.
- Limited Partnership
-
Number of partners: Minimum one director and two partners
Capital (max/min): No minimum capital
Shareholders and liability: At least one partner must have an unlimited liability. Liability of other partners is limited to the amount contributed.
Business Setup Procedures
Setting Up a Company |
Saudi Arabia |
Middle East & North Africa |
Procedures (number) |
3.0 |
6.3 |
Time (days) |
10.4 |
19.5 |
Source: Doing Business - Latest available data.
- The Competent Organisation
-
Saudi Arabian General Investment Authority (SAGIA)
Saudi Arabian Standards Organisation (SASO)
Ministry of Commerce and Industry
Ministry of Finance
Department of Zakat and Income Tax
- For Further Information
-
Consult the Doing Business website, to know about procedures to start a Business in Saudi Arabia.
The Ministry of Commerce and Industry, for Business licenses.
Financial Information Directories
Dun & Bradstreet - Worldwide directory with financial information on businesses
© eexpand, All Rights Reserved.
Latest Update: July 2024