Setting up license in Saudi Arabia is one of the most important basic steps for anyone who wishes to start an investment or commercial activity in the Kingdom as this license reflects the government's commitment to providing some facilities for the investor which leads to boosting the national economy by encouraging small and medium enterprises.
The Kingdom has witnessed great developments in its commercial system recently in terms of procedures and regulations to make them easier and more accessible and encourage investment in general. In this article, we will learn about the steps of setting up license in Saudi Arabia in detail.
What is setting up license in Saudi Arabia?
Setting up license in Saudi Arabia is a legal process that grants companies the opportunity to practice specific commercial activities, and it is considered an official document for operating a commercial project and completing sales, purchases, and distribution operations in accordance with the laws in force in Saudi Arabia.
The commercial license includes some information about the commercial activity, the most important of which is the type of commercial activity, its location, the commercial registration number, the date of issuance of the commercial activity license, its expiration date, and the equipment used in this activity.
This is in an effort by the Saudi government to facilitate the procedures and steps for opening commercial stores to achieve comprehensive economic development throughout the Kingdom and encourage investors to implement their various commercial projects.
Steps to Apply for a Service License in Saudi Arabia
You must follow specific steps to be able to apply for setting up license in Saudi Arabia, which are as follows:
- Access the your personal account.
- After logging in, click on the services icon.
- Select the commercial license issuance service.
- Enter all the required data and specify the activity and the allocated area.
- Pay all the fees required to issue the required license.
Write all the applicant's data correctly and accurately.
Read More: Taxes in Saudi Arabia
Benefits of setting up license in Saudi Arabia
There are many benefits that you can obtain when setting up license in Saudi Arabia, and one of the most important of these benefits is the financial support provided by the government of the Kingdom to some owners of small and medium enterprises, and the government also provides some consultations related to the project to be established.
Saudi Arabia also supports commercial activity by facilitating all the necessary procedures until the activity is opened and operated, providing the necessary equipment and raw materials, and providing some customs exemptions.
The Saudi government supports projects and supports local and foreign investors in accordance with Saudi Arabia's plan to diversify economic activity and reduce dependence on oil only as one of the most important available economic resources.
Types of Licenses in Saudi Arabia
There are different types of licenses in Saudi Arabia, which are:
- Agricultural license: it is used in projects related to the fields of agriculture, animal production, and fisheries.
- Real estate license: used to develop various real estate projects within Saudi Arabia.
- Service license: by which companies can provide services within Saudi Arabia, such as education, tourism, or various health care services.
- Entrepreneurial license: it is given to innovators who seek to establish new projects in Saudi Arabia.
- Professional license: which is used in projects related to professional services such as engineering, tax, law, and other consulting services.
Requirements for setting up license in saudi arabia
There are some things that must be available when setting up license in saudi arabia, such as:
- the presence of a national identity card for the license holder.
- There must be a deed of ownership or a valid lease contract for a period of no less than six months.
- Electronic authorization certified by the Chamber of Commerce.
- A picture of the surveillance cameras, and a clear sketch of the facility and its location.
- A building permit, commercial registration, a waste collection contract from companies specialized in waste collection in the Kingdom.
- The existence of some reports such as safety reports from civil defense and a bill for safety equipment must also be available.
- There must also be a clear internal and external image of the commercial establishment.
Read More: Register Your Company in Saudi Arabia
Why Choose Motaded for setting up license in Saudi Arabia?
Motaded is considered one of the best companies that set up licenses in Saudi Arabia, because we have extensive experience in issuing commercial licenses in the shortest possible time so that we allow the commercial activity to start very quickly, and we also provide license renewal services after its expiration by using a team of specialists to complete all the legal and administrative procedures related to the expiration of the required license.
We are one of the most important offices that enjoys a good reputation in the Kingdom, and this can be known through the clients who have dealt with us previously or through our various social media pages. We follow all the legal procedures and regulations in force to avoid any legal problem in the company or establishment.
FAQs
Can foreigners buy commercial property in Saudi Arabia?
With the clear changes in the laws of Saudi Arabia, foreign investors can now open companies in the Kingdom, but all the legal procedures and necessary conditions must be adhered to and all the required licenses must be obtained before starting.
How much does a Saudi business license cost?
The costs of licenses in Saudi Arabia vary according to the type of company, its size, its commercial activity, and whether it needs some additional licenses, which leads to additional costs or not.
Which business is more profitable in Saudi Arabia?
There are many fields in which to invest in Saudi Arabia, such as the commercial, industrial, health, educational, entertainment, tourism, agricultural, and animal fields, and many others.
Do companies pay taxes in Saudi Arabia?
Companies pay some taxes in Saudi Arabia, but the government of the Kingdom may offer some facilities when starting new projects and investments to encourage investment.
Motaded is one of the best companies for setting up license in Saudi Arabia in the fastest possible time through a team of experts and specialists, as we guarantee that you will obtain the necessary licenses easily in accordance with the approved regulations and laws. We also provide you with legal and administrative consultations to help you establish your project successfully while following up on all procedures until you receive the required license.