Saudi Arabia, the largest economy in the Middle East, is becoming a transformative hub of business in the region, attracting colossal foreign direct investment. Business setup in Saudi Arabia is driven by the vision 2030 and ongoing economic policy reforms.
Key reasons for setting up a business in Saudi Arabia are:
Economic evolution: Sectors like renewable energy, tourism and technology have been booming because of government funding.
Strategic Location and confidence: Saudi Arabia is a key player in the Gulf Cooperative Council (GCC), providing a clear link to the gulf markets.
Developing infrastructure: Special Economic Zones (SEZs) and other initiatives like NEOM and Red Sea Development have put Saudi Arabia on the global map.
Core Procedures of company registration in Saudi Arabia
Steps procedures in registering company in Saudi Arabia include:
- The business name and business activity submitted and are subject to approval.
- Acquiring the Commercial Registration (CR) from the Ministry of Commerce.
- Obtaining permits in accordance with local domestic laws pertaining to Foreign Ownership.
- Getting the setup done with professional help
- Engaging with experienced consultants helps you comply with the law and speed up the approval processes.
Saudi Arabia provides great opportunities for entrepreneurs wishing to expand in the Middle Eastern region owing to its developing regulatory framework and the support of the government.
How CBD Can Assist
CBD assists business owners and entrepreneurs from all over the world with their market entry into Saudi Arabia through expert guidance. For more information, email enquiries@cbdcorporateservices.com or call/WhatsApp +971 56 218 4695.
