Complete Guide to Saudi Arabia Company
Gaining the Certificate of Incorporation in Saudi Arabia is a ritualistic long process with several steps involved. It cannot be completed in a single day. There are countable documents that have to be prepared in advance to notarize and legalize your company in KSA. For this reason, we have covered all that you need to do in this single article. Company Hubs will assist you to obtain the following documents with ease:
- Parent’s M&AA
- Power of Attorney
- Certificate of Incorporation
- Business License
- Board Resolution
Application for Investment License
To obtain an investment license, an application has to be submitted to the SAGIA. This government entity has the sole responsibility of providing licenses for 100% foreign-owned company Setup in Saudi Arabia. A pre-approval certificate will be issued by SAGIA.
Articles of Association
The AoA will be submitted to the Ministry of Commerce and Investment. After approval, the document must be signed in front of the notary public to register for a CR certificate followed by the publication of Articles of Association in the newspaper.
Registering Company’s name
The company name has to be reserved with the Unified Centre. The approval is necessary before the submission of any other forms.
Registering with MERAS
Meras aims to facilitate procedures and provides services for conducting business as a government program. Clients need to obtain a commercial registration (CR) which is important to be able to grab Saudi Arabia Business Opportunities. The complete registration application will be submitted to the Saudi Arabia Ministry of Commerce and Industry (MOCI). The CR will then be issued within approximately 6 weeks.
Creation of Company Seal
The company seal has to be created including its CR number as well as the company name. It is required for many purposes like to attest signatories at the Chamber of Commerce, for company invoices as well as register with the General Organization for Social Insurance (GOSI).
Registration at the Chamber of Commerce
All company registrants will submit the Certificate of Membership obtained from the Chamber of Commerce and Industry (CCI). This has to be completed within 30 days of registration of the CR.
Bank Account Opening
Within 90 days of the issuance date of the commercial certificate of an LLC, a local bank account has to be opened. You will be able to activate your bank account and unfreeze your initial capital deposit once the Certificate of Registration is issued. Foreign employees have to obtain their Iqama before that to gain Saudi Arabia business opportunities.
Why Choose Company Hubs?
Company hubs deliver quality services as your Saudi Arabia company’s accounting and tax services are guaranteed when it is undertaken by the experts. Your company’s financial statements, corporate tax returns as well as bookkeeping will be timely taken care of on your behalf. The employment visa will also be secured.
Adapting to a new market can be challenging therefore, Company Hubs is here to expedite the process. International companies can now easily navigate and access suitable resources that are required for business sustainability and growth. Through the transparency of quality services, highly satisfactory results are provided at the most affordable rates.
Your business might need expert guidance too. To simplify the process of Saudi Arabia Corporate Registry your own business in KSA, visit https://companyhubs.com/ today.