1. Shareholders resolution adopt to invest in Kingdom of Saudi Arabia stating the shareholders names, capital, shares percentage (stock or cash) location (for example Al-Khobar City), activities and appointing the General Manager notarized and authenticated from the Saudi Embassy and ministry of foreign affairs at your country translated to Arabic language and by recognized translation office in Saudi Arabia.
2. Copy of the Commercial Registration for each participating company authenticated from the Saudi embassy and ministry of foreign affairs at the investor country translated to Arabic language and by recognized translation office in Saudi Arabia.
3. Copy of Articles of Associations of each company, authenticated from the competent authority and the Saudi embassy and ministry of foreign affairs at the investor country, translated to Arabic language and by recognized translation office in Saudi Arabia.
4. Passport copy of the appointed General Manager (all papers) accompanied with 2 original photos (in white background).
5. Non objection letter from the last sponsor if the General Manager have been resided in Saudi Arabia within last three years authenticated from the chamber of commerce.
6. Copy of balance sheets of the last three years for the company prepared and authenticated from auditing office in the investor’s country and approved from the related official commerce or taxes office to be authenticated from the Saudi embassy and ministry of foreign affairs at the investor country, translated to Arabic language and by recognized translation office in Saudi Arabia.
7. Provide company profile.
8. Provide company CV for each participant company to be written in special format and signed and stamped.
9. Acceptance of relevant government aspect if the company activity requires such acceptance.
10. Provide Bank certificate shows the account number and proving the financial solvency of each shareholder an amount not less than his shares in the company capital or not less than SR 250000 (two hundred and fifty thousand Saudi Riyals) “whichever is bigger” authenticated from the Saudi embassy and Ministry of Foreign Affairs in the Investor country.
11. 11. An applicant must submit a detailed business plan which accurately sets out the project’s feasibility to achieve the investment goals including:
    • Its contribution in increasing the GDP of the Kingdom of Saudi Arabia.
    • The employment opportunities that the project shall provide for Saudi citizens.
    • How the project shall enhance competition, improve services and diversify consumers options.
    • The strategic effect of the project on investments in the Kingdom of Saudi Arabia.
    • The benefits that the city or the area where the project is located shall gain from it.
12. provide a commitment letter to obtain an insurance against the company errors in implementation of the project after being granted the license or when renewed (this clause is embodied in the Resolution).
13. Provide irrevocable and unconditional bank guarantee in the name of the Saudi Arabian general Investment Authority to be renewed in yearly basis equivalent to 2% from the limit value of third decree for the classification decree accredited by the Saudi Ministry of Municipalities and Rural Affairs such bank guarantee should be valid and in full force up to the cancellation of the commercial registration of the company.
14. Provide an obligation testimony of making (50%) of the personnel in the in the project Saudi employees.
15. The principal Articles of Association of the new company complying with the Saudi ministry of commerce and industry laws.
16. Power of attorney for our law firm to proceed establishing the company on behalf notarized and authenticated from the Saudi Embassy and ministry of foreign affairs at the investor country.

• For individual:
  1. Copy of Id. And Family card Showing his profession.
  2. Provide Bank certificate provide that the financial solvency amount not less than SR 250000.
  3. Power of Attorney.
• For companies:
  1. Shareholders resolution to participate in establishing LLC stating shareholders names (participant companies), capital, shares percentage (stock or cash) location (for example Al-Khobar city), activities and appointing the General Manager to be drafted in the company letterhead and attested from chamber of commerce.
  2. Copy of the Commercial Registration Certificate.
  3. Copy of the Articles of Associations of company.
  4. Bank certificate provide that the financial solvency of the Saudi company is not less than SR 250000 (two hundred and fifty thousand Saudi Riyals).
  5. Company profile.
  6. Company CV. prepared in special format signed and stamped.
  7. Valid zakat and Income Tax certificate.
  8. Power of attorney for our law firm.

All above documents should be translated into Arabic language through accredited translation office in Saudi Arabia:

Steps of Establishing limited liability Company:

The steps of establishing a limited liability company in Saudi Arabia after fulfillment of all required documents are as follow:

1. Reserve the proposed company name at Ministry of Commence.
2. Submit investment license application to the Saudi Arabian General Investment Authority (SAGIA) online and hard copy and obtain SAGIA temporary certified as original investment License.
3. Submit the Article of Association of the Company to the Ministry of Commerce and Industry for study and approval.
4. Notarizing the Articles of Association of the company before the Notary Public.
5. Publish a brief of the Article of Association of the Company in the Gazette (Umm Al Quora newspaper).
6. Submit application to the Ministry of Commerce to obtain the commercial registration (CR.) and this stage require:
   • Deposit the company capital in recognized Saudi bank.
   • Open file In labor office.
   • Open file In Zakat and Income Tax Department.
   • Open file In General Insurance Organization (GOSI).
   • Hire Saudi national PRO and registered him in GOSI.
   • Open file In recruitment office (700 file).
   • Provide lease contract for the company location.
   • Apply for the company general manger visa in recruitment office and obtain the entry visa. “This require existence of furnished company location”.
   • Register the company at Chamber of Commerce and obtain subscription certificate.
   • The general manager enter into Saudi Arabia and obtain the work permit and residence permit (Iqama).
7. Obtain the company CR form ministry of commerce and the original copy of SAGIA investment license

The Scope of Work as following:

1. Draft Articles of Association for the company.
2. Apply for investment license and follow up with SAGIA until receiving the temporary Investment license.
3. Apply for the company registration in Ministry of Commerce and Industry.
4. Notarize the AOA before the Notary Public.
5. Publish a brief of the company AOA in the gazette.
6. Apply for commercial registration (CR) to the Ministry of Commerce and Industry.
7. Apply to subscribe the company in the chamber of commerce.
8. Receive company commercial registration certificate (CR) from the Ministry of Commerce and Industry.
9. Open company file in General Insurance Organization (GOSI).
10. Hire a Saudi Employee.
11. Open company file in recruitment office “700file”.
12. Open company file in labor office.
13. Open company file in Zakat and Income Tax Department.
14. Obtain the Investment license form SAGIA.

Time frame approximately 4 -6 months

The Professional Fees:

To see our professional fees follow the link: http://sb-lawyersweb.com/services_cost_en.html

The Official Fees:

The official Fees as follow:

1. SR. 2000 Investment license fee.
2. SR. 60000 SAGIA annual fee.
3. SR. 1200 CR. fee for one year.
4. SR. 2100 chamber of commerce subscription fee.
5. SR. 30 the Saudi ministry of foreign affairs authentication fee per one document.
6. SR. 60 App. Cost of one page translation into Arabic language.
7. SR. 6000 App cost of publishing the brief of the company AoA in the Gazette (umm Al Quora newspaper).

Total: approximately SR. 25.000 (twenty five thousand Saudi Riyals)