Establishing a company in the Kingdom of Saudi Arabia for foreigners can be done through two main options: either in partnership with a Saudi citizen or by creating a 100% foreign-owned company. In any case, establishing the company requires obtaining a foreign investment license based on the type of activity. The executive regulations of the Foreign Investment Law outline the necessary conditions and controls for granting these licenses, which are essential requirements for establishing a company in Saudi Arabia for foreigners.
Here are the main requirements and standards:
Compliance with Technical Specifications:
– The technical specifications of the product and its production method must comply with Saudi, Gulf, or international standards. You can refer to the details in Saudi specifications.
Foreign Ownership:
– The foreign partner must be an owner of a company outside Saudi Arabia. For more information, you can visit the Saudi Investment Authority.
Compliance with Conditions:
– The applicant for the license must adhere to the conditions, regulations, declarations, and commitments attached to the foreign investment license application form.
Criminal Record:
– The applicant for the license must not have previous convictions, including financial or commercial violations inside or outside the Kingdom.
By following these standards and controls, foreigners can establish successful and sustainable companies in Saudi Arabia.
If you need more information or assistance in the process of establishing your company, do not hesitate to contact us. Our specialized team is ready to assist you at every step to ensure the success of your project in Saudi Arabia. Contact us today to benefit from our services.
