lawyer - m farraj / محمد فراج للمحاماة والإستشارات القانونية 00971551514458

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The required documents for establishing foreign Company branch (construction) as follow:
Filling investment application form.
Shareholders Resolution adopting their desire to invest and open company branch in Saudi Arabia stating the branch capital, activities, names of shareholders, number of shares owned by each shareholder and location of the Branch office (for example: Al-Khobar City) and appointing the branch general manager notarized and authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
Copy of branch General Manager's passports (showing all pages (including blanks) and valid for at least 6 months.
2 photos (in white background) for the branch General Manager.
Copy of the CR of the mother company notarized and authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
Copy of the Articles of Association of the Company notarized and authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
Acceptance of relevant government aspect if the branch activity requires such acceptance.
Copy of authorization issued for the branch manager in KSA and his capacity authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
Declaration of not residing in the Kingdom of Saudi Arabia within the last three years or, non - objection letter from the last sponsor authenticated from Chamber of Commerce in case of working in the KSA within the last three years.(for the branch General Manager).
Copy of balance sheets for the last three years showing the integrity and financial situation of the mother company prepared by certified auditing office and approved from the related official commerce or taxes office to be authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
Presence of a distinguished works done by the company previously in the field of activity which would like to invest in accompanied with the obtained certificates of achievement. authenticated from the Saudi Embassy and ministry of foreign affairs.
Provide company profile.
Provide company CV to be prepared in special format and should be stamped by the mother company.
The company should be classified in its country with the same activity, and not less rating for the third degree or equivalent and provide classification certificate authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
Provide Bank certificate proving that the financial solvency of each partner amount of SR 250000 (two hundred and fifty thousand Saudi Riyals) authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
To provide Acknowledgment committing to deposit the company capital in a licensed Saudi bank after the issuance of investment license and certificate of deposit in the name of the company before obtaining the commercial registration authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
17. 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. “to see limit values of third decree kindly visit the link: http://contractors.momra.gov.sa/Default.aspx.
The activities of construction, maintenance and operation should not be mixed in one license, except for companies that has more than 300 employees in its country.
Power of Attorney for our law firm notarized and authenticated from the Saudi Embassy and ministry of foreign affairs at the company country.
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.
Provide an obligation testimony of making (50%) of the personnel in the in the project Saudi employe.
The minimum capital SR. 500 000.
All above documents should be translated into Arabic language through accredited translation office in Saudi Arabia:

Steps and Procedure of Opening Foreign Company Branch in Saudi Arabia:

The steps of opening foreign company branch in Saudi Arabia after fulfillment of all required documents are as follow:

Reserve the proposed company name at Ministry of Commence.
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.
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 branch general manger visa in recruitment office and obtain the entry visa. “This require existence of furnished company location”.
Register the company branch at Chamber of Commerce and obtain subscription certificate.
The general manager enter into Saudi Arabia and obtain the work permit and residence permit (Iqama).
Obtain the company CR form ministry of commerce and the original copy of SAGIA investment license
The Scope of Work as following:

Apply for investment license and follow up with SAGIA until receiving the temporary Investment license.
Apply for the company branch registration in Ministry of Commerce and Industry.
Apply for commercial registration (CR) to the Ministry of Commerce and Industry.
Apply to subscribe the company branch in the chamber of commerce.
Receive company commercial registration certificate (CR) from the Ministry of Commerce and Industry.
Open company file in General Insurance Organization (GOSI).
Hire a Saudi Employee.
Open company branch file in recruitment office “700file”.
Open file in labor office.
Open file in Zakat and Income Tax Department.
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:

SR. 2000 Investment license fee.
SR. 10000 SAGIA annual fee.
SR. 1200 CR. fee for one year.
SR. 2100 chamber of commerce subscription fee.
SR. 30 the Saudi ministry of foreign affairs authentication fee per one document.
SR. 50 App. Cost of one page translation into Arabic language.

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نشرت فى 29 أغسطس 2015 بواسطة mohammadfarrag

Avocat فراج Anwalt للمحاماة والإستشارات القانونية Systems legitimacy of the founding companies of the Law Firm office 00971551514458

mohammadfarrag
إستشارات في القضايا الجزائية - وكتابة عقود الشركات وتأسيسها و القضايا وبديوان المظالم – التجارية – الإدارية - الجنائي- و القضايا العمالية –والقضايا الشرعية - التحكيم في المنازعات والحوكمة للشركات الخاصة يرجي التواصل علي / u a e - 00971551514458 providing legal advice for individual and foreign companies. we provide »

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