A complete guide of cost of opening a company in Saudi Arabia

When we start a company we always look into certain factors like target audience, product and services we will be going to offer and the main thing Costing.

The cost of opening a company in Saudi Arabia will depend on several factors, such as the type of company you want to establish, the amount of capital you are investing, and the fees charged by various government agencies. Here is a breakdown of some of the costs involved in setting up a company in Saudi Arabia:

• Commercial Registration Certificate: The cost of obtaining a commercial registration certificate from the Ministry of Commerce and Investment (MOCI) is SAR 500 ($133)
• Municipality License: The cost of obtaining a municipality license from the relevant municipality will vary depending on the location and size of your business. It can range from SAR 1,000 ($267) to SAR 5,000 ($1,334)
• Foreign Investment License: If you are a foreign investor, you will need to obtain a Foreign Investment License (FIL) from the Saudi Arabian General Investment Authority (SAGIA). The cost of the FIL ranges from SAR 3,000 ($800) to SAR 8,000 ($2,133), depending on the size and type of your business
• Minimum Capital Requirement: The minimum capital requirement for setting up a company in Saudi Arabia varies depending on the type of company you want to establish. For example, the minimum capital requirement for a limited liability company (LLC) is SAR 10,000 ($2,667)
• Professional Fees: You may also need to pay professional fees to lawyers, accountants, and other advisors who can help you with the company formation process. The cost of these services will vary depending on the complexity of your business and the scope of the services provided

Overall, the cost of opening a company in Saudi Arabia can range from SAR 15,000 ($4,000) to SAR 30,000 ($8,000), depending on the type of company and the services required. It’s important to work with a trusted advisor who can provide you with a detailed breakdown of the costs and help you navigate the process.

Takeaway

Setting up a new business in a new country might scare you because of the complicated process but not anymore. We at Thinkdirect BPO understand your concern and in order to help you out we have a variety of services gathered for you. To know about us in detail you can contact us now.

Originally published at https://thinkbpo.me on February 28, 2023.