Securing a commercial license is a crucial step for businesses wishing to conduct activities in Saudi Arabia. This license not only grants companies with the legal rights to run commercial activities in the country but also brings along benefits like access to state services, intellectual property rights protection, and the chance to bid for contracts and tenders.
As the largest economy in the Middle East and North Africa (MENA), Saudi Arabia is rich in natural resources and boasts a robust infrastructure. The nation’s economy heavily relies on both domestic and international trade.
Saudi Arabia’s government takes various initiatives to promote the trade sector, making it highly attractive for businesses . This sector, encompassing industries such as retail, wholesale, import-export, and e-commerce, presents a plethora of opportunities for both local and international investors.
Saudi Arabia has a large young population, making it a big market for products. This is good for businesses looking to invest. Its strategic location, connecting over 424 million consumers, is another advantage for entrepreneurs looking to start a trade business in the KSA. Additionaly, Saudi Arabia sits between Europe, Africa, and Asia, making it a main spot for global trade.
Saudi Arabia has established free trade relationships with:
Acknowledging the importance of commercial endeavors, the Kingdom offers opportunities for foreign investors in the wholesale and retail sectors, subject to specific conditions. With the guidance from our business experts in Urban Matrix Business Solutions Saudi Arabia, entrepreneurs can obtain their commercial licenses swiftly and efficiently.
Two Types of Licensing Options in Saudi Arabia:
1. 100% foreign commercial license
2. Commercial license with Saudi shareholder
At least one year old company license from 3 different countries
One year audit from all 3 countries
Memorandum from all 3 countries
Attached by chamber of commerce
Attached by foreign minister
Attached by Saudi embassy
All Documents translate to Arabic
You will provide these documents:
Capital should be 30 million
Saudi should be at least 25% or more
At least one year old company license from 3 different countries
One year audit from all 3 countries
Memorandum from all 3 countries
Attached by chamber of commerce
Attached by foreign minister
Attached by Saudi embassy
All Documents translate to Arabic
The issued investment license will indicate that Saudi shareholders possess a minimum of 25% stake in the company.
2Premium residence holders have an exemption from providing the above documents.
3Any partner who has been previously licensed by the Ministry of Investment should have this information included during the online application process.
4If a partner possesses Saudi national identity, premium residence, or regular residence, their details or the commercial registration info of the Saudi enterprises they’re associated with should be input during the application.
Urban Matrix Business Solutions has one mission – to serve as a one-stop company for all your company needs.
Over the last 12 years, our team has helped over 45,000 startups and SMEs expand and grow their business.
We offer tailored business solutions that will help your business from pre- to post-launching.
Contact us, and let’s begin your successful business journey in the Saudi Arabia