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Find out the process involved towards the formation of 100% foreign owned company in KSA (the Kingdom of Saudi)
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100% foreign owned company in KSA Foreigners from any part of the world are permitted to establish a business in which they own 100% of the shares, accordingly with the Foreign Investment Act. With the exception of four areas: professional services, wholesale and retail, financial services insurance and banking, and telecom, the FIA provides the necessary backing for investors, enabling 100 percent foreign ownership in all sectors. Saudi Arabia is one of the few governments in Middle East that allows investment projects to be owned entirely by foreign investors.
Start 100% foreign owned company in Saudi Arabia If you have a business that has been operating for at least one year outside of Saudi Arabia, then you are eligible to be an investor that can have 100% business ownership in Saudi Arabia. After which to start the ownership process, you have to:
Investing opportunities in Saudi Arabia Saudi Arabia is the GCC's (Gulf Corporation Council) fastest-growing and most diversified market. The opening of the market to more Foreign Direct Investment, the liberalization of commercial regulations for starting a business, and the creation of seamless online service portals for all ministries and departments have all contributed to this dramatic improvement. In recent years, the Kingdom has attracted a large number of potential foreign investors to set up business in Saudi Arabia as part of its relentless efforts to achieve Vision 2030. The country today offers tremendous potential for firm growth and expansion in Tourism, Hotel and Hospitality, Education, Beauty Salon, Catering, Food, etc. apart from just oil and gas.
Why Thinkdirect BPO is best as your consultant? You might be wondering why you should choose Thinkdirect BPO as your consulting partner in Saudi Arabia. Thinkdirect BPO has significant knowledge of the relevant processes and regulations for all services related to quick company formation in Saudi Arabia, having aided in the successful setup of over 100 enterprises, branches, and representative offices throughout the Kingdom. Because of its extensive experience across Saudi Arabia, Thinkdirect BPO has strong relationships with dependable partners, government officials, and legal and audit professionals. All your queries will be customized according to your needs, thus providing the finest resolution in all matters.