Saudi Arabia does not have a specific trust law, however, the Sharia provides for the creation of waqfs, which are the equivalent of charitable trusts or endowments. As such, if you want to set up a trust in Saudi Arabia, you can choose between a waqf or other similar entities,…
Opening a sole trader in Saudi Arabia is the simplest way to start a business in this country. Also known as an establishment, it is suitable for single entrepreneurs who can carry out a professional or commercial activity on their own. Below, our company formation agents in Saudi Arabia explain…
The Saudi joint stock company or public limited liability company is a business form that favors large business operations, as it allows multiple shareholders to own shares in it. Two types of such entities can be set up in this country, and our Saudi company formation specialists will explain the requirements and…
Setting up a company in Saudi Arabia also requires obtaining a business license if the enterprise is foreign-owned. The permit may be a general one or issued by a specific authority when the business operates in a certain field. Below, our Saudi company formation agents present the main types of…
Setting up a company in Saudi Arabia means complying with specific requirements and regulations, especially as a foreign investor. This is why the simplest option is to acquire a company that is already registered and through which operations can be started sooner rather than later. Known as shelf companies, such entities can be found…
One of the most important aspects of operating a business is accounting as there are specific regulations that need to be respected and our accountants in Saudi Arabia are here to help. Starting a business in Saudi Arabia implies completing various steps and procedures before and after the company is incorporated. Moreover, not only…
The Value Added Tax (VAT) in Saudi Arabia represents an indirect tax that is levied on all goods and services acquired and sold by a legal entity, with several exceptions. In this article, our company formation consultants in Saudi Arabia give a brief overview of the VAT in this country. We are at your disposal if you are…
The banking trend in Saudi Arabia is still developing. Individuals who live here have begun keeping their savings in bank accounts, however, they still prefer to usually pay and receive cash. If you decide to move and open a company in Saudi Arabia or work here, opening a bank account can prove to be extremely…
When a business buys another one, the second business generally becomes a subsidiary. Therefore, a subsidiary is a business that is owned and controlled by another company. The owning company is named a parent or a holding company. In this article, our company formation agents in Saudi Arabia explain different aspects related to opening a subsidiary…
Foreign investors who are interested in setting up a company in Saudi Arabia can open a limited liability company, the most common business form chosen for incorporation. The limited liability company (LLC) can be set up with only one shareholder and one director. One of the main advantages of the LLC in Saudi Arabia is that the company’s shareholders are liable for the…
