So, what should you do to register a company in Saudi Arabia to engage in cross-border trade? What are the conditions for registering a Saudi company?

Saudi Arabia Company Registration Process

1. Ministry of Investment - foreign investment license;

2. Embassy certification of international company CR;

3. Registration with the Ministry of Commerce (Saudi company registration - issuance of business registration certificate);

4. Registration with the Chamber of Commerce (registration of general manager and authorized signatory);

5. Registration with various tax authorities (GAZT&VAT&GOSI social insurance);

6. Registration with the Ministry of Labor and Social Development Registration;

7. Opening an account (the prescribed share capital must be deposited).

What are the requirements for company registration in Saudi Arabia?

1. Parent company requirements

Registered as a subsidiary, and the parent company must be an entity that has been in operation for at least one year.

2. Registered capital requirements

For companies engaged in service/manufacturing activities, there is no minimum share capital. Companies engaged in trade must have a registered capital of at least 30 million Saudi riyals (about 55 million RMB), which must be paid in full; at the same time, there must be three international entities in the same industry, and there is no requirement for the company's establishment time.

3. Shareholder and director requirements

At least one shareholder is required, and at least one director/manager must hold a Saudi visa and residence permit (applied after the company is established).

4. Personnel requirements

A general manager must be designated as the local signatory for all relevant government agencies and company bank accounts. This person must hold a Saudi visa and residence permit and must stay in Saudi Arabia for at least two weeks.

5. Registered address requirements

The actual registered address is required, and there is no requirement for office space.

6. Account opening requirements

Bank account opening requires customers to provide a Saudi representative authorization letter, and there is no need to go to the local area. If the authorization letter is not issued, it is necessary to go to Saudi Arabia to open a bank account.

7. Maintenance requirements

Monthly withholding tax declarations, quarterly VAT declarations and annual audits are required.

Zhuoxin Enterprise provides agency services such as domestic and foreign company registration, bank account opening, annual tax filing, agency accounting, trademark registration, overseas investment filing, etc. If you have any business needs in this regard, please feel free to consult our online customer service!