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As per the 100% foreign ownership scheme for foreign investors, the Saudi government offers several incentives to attract foreign investments, such as tax breaks, subsidies, and support in acquiring industrial land. The scheme eases the burden of tax payments with reduced tax rates and tax exemptions in certain key sectors.
Vision 2030 has created many fresh business opportunities in Saudi Arabia in key sectors such as renewable energy, tourism and entertainment, real estate and construction, healthcare, technology and innovation and manufacturing. The 100% foreign ownership businesses stand to benefit greatly with investments in these key sectors.
The foreign investors also stand to benefit with the Government policy of collaborating with Private sector with funding support for large projects.
Key advantages of 100% Foreign Ownership
With 100% ownership of the business, foreign investors can enjoy substantial advantages as indicated below.
- More Investment: Allowing 100% ownership for foreign investors removes many barriers for investment, making the country a favourite destination for foreign investment.
- Control and Flexibility: Foreigners have complete control over their businesses. This makes the way for faster decision-making, better use of resources, and the ability to implement plans without local ownership restrictions.
- Economic Growth: Full ownership to foreign investors allows more foreign investment that can lead to economic growth, job creation, and development in different sectors, improving overall prosperity.
- Innovation and Technology: Foreign investors often bring advanced technologies and new business practices. The modern knowhow helps local industries to grow faster and encourages innovation.
- Market Competition: Foreign businesses entering the market promote healthy competition. This can lead to better quality of products, services, and give more choices to customers.
- Easy Business Operations: 100% foreign ownership simplifies ownership rules and makes administrative processes smoother. This makes it simpler for foreign investors to start and run businesses.
- Government Income: With increased business activities, the government earns more taxes. This money can be used for public services and building better infrastructure.
- Long-Term Partnerships: Positive experiences with full ownership to foreign investors can lead to long-term economic and diplomatic partnerships. This encourages more collaboration and investment.
The procedure of acquiring 100% foreign ownership in Saudi Arabia
The following steps are necessary to be followed.
- Issue of MISA licence
- Name Reservation through the Ministry of Commerce
- Issuing the local Articles of Association (AoA)
- Issuance of Commercial Registration (CR) with the Ministry of Commerce.
- Issue General Manager’s Visa
- Filing with the Chamber of Commerce (CoC)
- Enrolling with the Ministry of Labour
- Listing for the National Address
- Filing with the Qiwa portal
- Listing with the Zakat, VAT & Corporate Tax.
- Company Seal issuance
- Enrolling with the Muqeem portal
- Filing with Absher portal
- Listing with the General Organization for Social Insurance (GOSI) for employee Insurance.
- Assisting in opening bank accounts for the company
- Assisting in opening bank accounts for personnel.
Why opt for Helpline Group services?
As a reliable partner, Helpline group delivers effective solutions and expert consultancy services for the establishment of companies. Boasting over 25 years of global experience, we excel in our domain, with a presence in 10 branches across the world.
Our robust international network underscores our dedication to delivering seamless and dependable services, all backed by a team of over 300 experts.
Our services prioritize the facilitation of 100% ownership for foreign investors, ensuring a smooth and successful venture into the Saudi Arabian market.
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Why Helpline Group?
With over 25 years of experience and 10 branches worldwide, Helpline Group is your premier partner for company formation in Saudi Arabia with expert business setup solutions. With a global reach, we have 300+ professionals to provide comprehensive guidance throughout the process. Count on us to provide fast and precise support, ensuring a smooth and successful journey for company formation in Saudi Arabia. Get in touch with us today!
Office Address
Office no: 28, first floor, Raden Commercial center. Al muruj, Olaya street, Riyadh 12281, Saudi Arabia
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+966-567988129
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