In the Kingdom of Saudi Arabia it is necessary for all businesses to be registered to do business. The registration is done to keep a track on the business of the companies and make sure they aren’t involved in the businesses that are restricted.

For trade license in Saudi Arabia the New Companies Regulations or the NCR prescribes five types of companies among which the most common and preferable form of company among these considered for the foreigners is Limited Liability Company or LLC.

Obtaining a business license in Saudi Arabia is a 3 step process that requires a minimum of 5 working days to complete. For that a fee of SAR 2000 is required.

Others necessary things needed for business license in Saudi Arabia are:

● The intent of investment in Saudi Arabia declared in a broad resolution

● Another resolution outlining the investment plan that shows its economic impact

● A document showing the investor’s financial ability to carry out business

The entire procedure flows in the following stages:

Reserving a company name

For a trade license in Saudi Arabia the reservation is done by the Ministry of Commerce and Industry.

Submission of the articles of association Notarization

The AoA has to be submitted to the Ministry of Commerce and Industry for Authentication. The authentication by the Ministry notarization of the AA is required by the notary office.

Opening bank account

Next, one has to open a bank account in any local bank of Saudi Arabia.

Acquisition of a Business Location License from the Municipality and Registering with the Post Office.

This has to be done at the Municipality of Riyadh and the Post Office.

Registration fee payment

The registration fee has to be paid in the bank in the premises of the Unified Center UC. For the publication of the summary of Articles of Association AA, more SAR is required.

Obtaining the Certificate of Registration

It can be obtained from the Unified Center (UC)/Companies Department.

Payment of Chamber of Commerce membership fee

A sum of SAR 2000 is to be paid as membership fee in the Chamber of Commerce. Next the registration with the Ministry of Labor requires 1 working day but zero cost.

Registering with the GOSI [General Organization for Social Insurance]

The certificate issued by GOSI can be had online but it might require two working days.

Registering with the Department of Zakat [DZIT]

DZIT issues and dispatches certificates in about 2 to 3 working days to Applicant Company through email.

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