Company Registration
Benefits of Securing a Commercial License
Grants the legal right to conduct commercial activities
Provides access to various state services
Ensures protection of intellectual property right
Enables businesses to bid for contracts and tenders
Licensing Authorities in
Saudi Arabia
In Saudi Arabia, business licenses are managed by two main regulatory bodies:
The Ministry of Investment Saudi Arabia (MISA)
The Ministry of Commerce and Investment (MCI)
These authorities are crucial in simplifying and regulating licensing procedures, creating a business-friendly environment. They offer guidance and frameworks that help both local businesses and foreign investors succeed while adhering to the Kingdom’s laws and regulations.
Ministry of Commerce and Investment (MCI)
The MCI regulates businesses owned by GCC nationals in Saudi Arabia. It oversees licensing for various sectors, ensuring businesses meet legal standards. MCI focuses on enhancing competitiveness and protecting consumers, covering trade, commerce, and e-commerce licensing.
Ministry of Investment Saudi Arabia (MISA)
The MISA is key to attracting foreign investment and boosting economic growth in Saudi Arabia. It facilitates licensing for foreign investors across diverse industries, ensuring they comply with local laws. MISA guides businesses through the licensing process, helping them establish a strong presence in the Saudi market.
A Glance at Saudi Arabia’s Trade Sector
Saudi Arabia sits at the junction of Europe, Africa, and Asia
The country’s 13 ports manage 13% of the world’s trade
Saudi ports handle 70% of the nation’s imports and 95% of its exports through 291 docks
Saudi Arabia has free trade agreements with GAFTA, EFTA, and Singapore
Importance of Saudi Arabia’s Trade Sector
The Saudi Economy
As the largest economy in the Middle East and North Africa (MENA), Saudi Arabia is abundant in natural resources and has a strong infrastructure. The nation’s economy is significantly supported by both domestic and international trade.
Government Support
The Saudi Arabian government actively encourages trade sector growth, making it an attractive destination for businesses. Initiatives span industries like retail, wholesale, import-export, and e-commerce, offering abundant opportunities for local and global investors.
Demographic Advantage
With a large youthful population, Saudi Arabia presents a vast market for products, ideal for investment. Its strategic position connects with over 424 million consumers, positioned between Europe, Africa, and Asia, making it a prime location for global trade ventures.
Outsource Your GRO Services to Business Setup in Saudi
In Saudi Arabia, a GRO (Government Relations Officer) is responsible for managing the relationship between a company and government authorities. They handle interactions with government agencies and ensure the company complies with all regulations and procedures.
At Business Setup in Saudi, we understand how important smooth government relations are for your business success. Our GRO services make dealing with government authorities easier, ensuring compliance with local laws and efficiently managing administrative tasks. With our dedicated team as your liaison, you can focus on your core business while we take care of the government relations.
Requirements for Commercial Licensing in Saudi Arabia
Recognizing the significance of commercial activities, Saudi Arabia provides opportunities for foreign investors in the wholesale and retail sectors, subject to certain conditions. With assistance from our business experts at Business Setup in Saudi, entrepreneurs can quickly and efficiently obtain their commercial licenses.
Two Types of Licensing Options in Saudi Arabia:
- 100% Foreign Commercial License
- Commercial License with Saudi Shareholder
Required Documents
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Provide a certified copy of the commercial registration of the shareholding partner from the Saudi Embassy. If any partner is a GCC national and their details are not in the ABSHAR system, include their national identity copy.
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Submit the company’s financial statements for the last fiscal year, authenticated by the Saudi Embassy.
Rules and Restrictions
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If a partner has been previously licensed by the Ministry of Investment, this information must be included when filling out their details in the electronic application.
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Holders of premium residence are exempt from providing the above documents.
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All regulatory requirements for the activity must be followed, including Saudization standards and percentages set by the Ministry of Labor and Social Development.
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When submitting the electronic application, the applicant must enter the details of the Saudi national identity, premium residence, residence (if applicable), or the commercial registration information for the participating Saudi companies.
Get Your Commercial License with Business Setup in Saudi
Our Licensing
Expertise
Collaborate with the premier expert in business licensing solutions in Saudi Arabia.
Transport License
Navigate the transportation industry seamlessly with our Transport License services, ensuring compliance and smooth operations for your business.
Industrial License
Accelerate your industrial venture's success with our Industrial License solutions, facilitating permits and approvals for manufacturing and processing businesses.
Real Estate License
Unlock opportunities in Saudi Arabia's real estate market with our expert guidance on obtaining a Real Estate License and get your processes streamlined
