In 2000, the Saudi government announced a foreign investment law that provided for a streamlined approach for market entry and foreign investment into the Kingdom with the establishment of the Saudi Arabian General Investment Authority (SAGIA), renamed by Royal Decree in February 2020 as the Ministry of Investment of Saudi Arabia (MISA)..
The establishment of SAGIA provided for accelerated investment application, business registration and company formation for foreign companies with a guaranteed decision for foreign investment applications within thirty (30) days of submission to SAGIA.
MISA / SAGIA company formation benefits
- 100% foreign ownership of businesses
- There are no restraints on repatriation of capital
- Sponsorship of employees by foreign companies/investors
Foreign investors seeking to establish a company in Saudi need a commercial license issued under the auspices of MISA. GCC Solutions provides a one-stop shop to ensure that all the needs of the foreign investor are serviced in a timely manner for a seamless market entry. Under the foreign investment legal framework enacted investors can attain 100% ownership of their company in Saudi Arabia (depending on the chosen activity). Certain activities such as communication related industries, insurance and reinsurance, real estate financing, public transport and management of construction projects or engineering projects must however have a certain Saudi ownership percentage.
The process for company formation in Saudi Arabia can be challenging to navigate for those not familiar with the relevant regulations and procedures. Our specialist consultants are able to provide a comprehensive range of services covering the front-to-back process of company incorporation and post-incorporation services. You will receive advice that is specific to your business situation and we will guide you through every step. In addition, we provide clients with a seamless interface with KSA government stakeholders.