Whether you are from the United States, the United Kingdom, China, Russia, the United Arab Emirates, or another significant and industrial country in Europe, the Far East or the Middle East and North Africa region, it’s an exciting time to do business in the Kingdom of Saudi Arabia. At the same time, it requires the right approach and the most feasible form of set-up for making investments. At AlGhazzawi & Partners, we get things done in the right manner.
The Kingdom has recently revamped its New Companies Law, Premium Residency Program and a host of other laws and regulations to provide a more appealing and flexible framework for foreign investors and skilled professionals.
For over five decades, we have been working with our clients to create strategies for market entry, including new business structuring, mergers and acquisitions, franchising and distribution agreements, financing arrangements, intellectual property protection, taxation, employment, and real estate.
Considerations to guide you through the process
Presence in Saudi Arabia or delegating tasks
Will you be physically present in Saudi Arabia to oversee the procedures, or would you prefer to delegate these tasks to a trusted office? Opting for the latter is often the preferred route for its convenience and ease of doing things.
Enter-to-market business strategy
What’s your business activities plan in Saudi Arabia? A simple Zoom meeting with our specialized team will help us understand your needs. Under the New Companies Law there are several options available to foreign investors, each with its own nuances: Limited Liability Company, Joint Stock Company and Simplified Joint Stock Company. We’ll lay out the advantages and disadvantages so you can make an informed decision, then prepare the necessary documents for your approval and official ratification.
Ministry approvals and licenses
Our team will handle obtaining approvals from the Ministry of Investment, sparing you from any in-person meetings or document submissions. After obtaining the investment license, we’ll assist with incorporation applications, bank account setups, and registrations with different governmental and quasi-governmental agencies.
Sector-specific licenses
No matter the industry (financial services, healthcare, insurance, manufacturing, contracting and construction, hospitality and tourism, real estate, telecommunications, education, agriculture, retail or another sector), our team will secure all essential licenses from the appropriate authorities. We also handle foreign residency and investment licenses, from the initial application to annual renewals.
Sustainability and compliance
Our seasoned team is dedicated to your business’s durability and adherence to regulations. We’ll meet with you bi-annually to ensure compliance with legal requirements, including the renewal of necessary documents, commercial registration, licenses, and digitalization mandates, and guide you through labor laws and national employment requirements. We also help you maintain meticulous records and prepare final accounts, and offer governance services to keep your company compliant in the long run.
Liquidation planning
Should you decide to end your business in Saudi Arabia for any reason, our office excels in efficient liquidation processes. With minimal hassles, we’ll handle the necessary legal paperwork and provide a comprehensive proposal outlining expenses, procedures, timeframe and fees, ensuring a smooth closure.
Throughout the entire journey, from establishment to liquidation, you are in capable and specialized hands who work with full transparency and diligence. Reach out to us at enquiries@ghazzawilawfirm.com to guide you on the options available and the investment criteria.