Enterprises to Sea in the Middle East-Saudi Company Registration.

Saudi Arabia, referred to as Saudi Arabia. Saudi Arabia is known as the "oil kingdom" and is one of the countries with the largest oil reserves, production and sales in the world. The Saudi government implements a policy of economic diversification, focusing on the development of modern and basic industries, in order to gradually change the situation of relying solely on oil revenue and establish a modern and diversified national economic system.

Saudi Company Registration Advantages

1. Strategic geographical location

located at the intersection of Asia, Africa and Europe, radiation Jordan, Iraq, Egypt and other surrounding markets, adjacent to the international shipping lanes, convenient logistics.

2.100 per cent foreign ownership

foreign investors are allowed to hold wholly-owned shares, without the need for local partners, with high decision-making autonomy and free repatriation of profits.

3. Economic diversification opportunities

the government promotes economic transformation through the "2030 Vision". Demand in energy, manufacturing, tourism, health care and other fields has surged, and import dependence is high, providing Chinese companies with a blue ocean of exports.

4. Policy support

the political situation is stable, sovereign fund investment is active, foreign exchange is not controlled, and tax relief in key industries is strong.

UAE Company Registration Type

according to business needs, can choose: limited liability company, limited liability company, representative office/branch

1. Limited Company (LLC)

most popular with foreign investors, with a minimum registered capital of 500000 riyals (about US $133000) and no actual payment (trading companies need to pay 30 million riyals). Shareholders 1-50 people, liability is limited to the amount of capital contribution, suitable for small and medium-sized enterprises.

2. Company Limited (JSC)

minimum capital of 500000 rials, need more than 2 shareholders, suitable for banking, insurance and other high-capital industries. Shares can be issued publicly and are subject to stricter regulatory requirements.

3. Representative Office/Branch

the representative office is suitable for preliminary market research and cannot carry out commercial activities. The branch company needs the guarantee of the parent company and the minimum capital is 500000 rials.

Saudi Company Registration Process

1. Preliminary preparation

approval: Submit 2-3 Arabic names to the Ministry of Business and Investment (MCI) for review. Determine the scope of business: refer to Saudi encouraged industries (e. g. industrial manufacturing, technology, tourism). Preparation of documents: shareholder identification, articles of association, business plan, etc. (notarized and Arabic translation required).

2. Apply for investment license

submission of the application to the Saudi Investment Authority (MISA) takes about 2-4 weeks.

3, business registration and account opening.

Complete MCI business registration and obtain a business license (CR). Open a local bank account and deposit registered capital (as required by the industry). 4. Follow-up compliance

tax Registration (GAZT), Social Security Registration (GOSI), Chamber of Commerce Registration, etc. Employees are required to apply for a work visa to meet the "Saudis" ratio requirement.

tax system

1. Main types of taxes

enterprise income tax: the tax rate of foreign-funded enterprises is 20%, and the regional headquarters of qualified multinational companies can enjoy 30 years of tax exemption (subject to the requirements of economic substance). Value Added Tax (VAT): The standard tax rate is 15%, and annual sales exceeding 187500 riyals require compulsory registration. Other taxes: consumption tax (tobacco, beverages, etc.), foreign labor tax, religious tax (2.5% applicable to GCC enterprises).

2. Tax compliance advice

establish a sound financial system and keep records of transactions for more than 5 years. Use the VAT deduction policy to reasonably plan the time difference between input and output. Engage a local tax agent to assist in communication and avoid misunderstandings due to language or cultural differences.

Zhuoxin Enterprise provides agency services such as domestic and foreign company registration, bank account opening, annual tax return, agency bookkeeping, trademark registration, ODI Overseas Investment Filing, etc. If you have any business needs in this area, please feel free to consult our online customer service!