1 / 5

How to start a business in Saudi Arabia for foreigners

Learn the fundamentals on how to start a business in Saudi Arabia for foreigners with the help of Thinkdirect BPO.

thinkbpo
Download Presentation

How to start a business in Saudi Arabia for foreigners

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to start a business in Saudi Arabia for foreigners?

  2. Business opportunities in Saudi Arabia Due to its acceptance of digitalization, Saudi Arabia has experienced a significant change in its commercial sector during the last few decades. The advent of Vision2030 has also created several business prospects in a variety of industries, giving business enthusiasts and entrepreneurs from all over the world an aspiring opportunity. Thus, it is more important than ever to know how foreigners might start a business in Saudi Arabia. The following are the types of business that you can set up in Saudi Arabia. • Limited Liability Company • Joint Liability Company • Limited Partnership Company • Joint Stock Company • Branch Office

  3. The steps involved to set up business in Saudi Arabia Before making an investment in Saudi Arabia, any foreign business owners must be qualified and have the following qualifications: an enterprise functioning outside of Saudi Arabia for at least a year; as well as an audited financial statement for your business covering the same time period. After which you have follow several steps in the Kingdom, the main points of which are mentioned here below:

  4. PRO services in Saudi Arabia PRO services in Saudi Arabiatypically involve handling all kinds of paperwork, including managing immigration issues, securing visas for you and your employees, ensuring that municipality work is completed on time, managing paperwork related to foreign affairs, and handling a variety of other paperwork. There are specific procedures you must follow when carrying out these responsibilities, and as an outsider, it could be challenging for you to complete all of those procedures. We use the best PROs in Saudi Arabia who are experts in what they do and are familiar with the complexity and practices of the region. After the formation of the company is completed, you will require all the help that is required for your settlement here in Saudi Arabia. This is where PRO services will come handy and is very essential if you are a foreigner wishing to settle here on business purpose.

  5. How can Thinkdirect BPO help in this venture? Setting up business in Saudi Arabia on your own might get very complicated since it will involve multiple steps. Therefore, it is beneficial to seek help from consulting firms in Saudi Arabia. Having contributed to the successful establishment of more than 100 firms, branches, and representative offices around the Kingdom, Thinkdirect BPO has significant understanding of the essential procedures and laws for all consulting services that is required to set up business in Saudi Arabia. Because of the extensive knowledge, Thinkdirect BPO enjoys positive connections with dependable partners, governmental officials, and experts in the legal and audit professions, thus providing beneficial output.

More Related