Saudi Arabia is an attractive destination for many foreign investors. Numerous business opportunities and political stability increase the chance of business success. If you wish to expand your business to Saudi Arabia to avail yourself of the benefits of business opportunities, then reach out to us at Enterslice. We provide quick and hassle-free business setup services.
Ease of Doing Business Tax Benefits Welcoming Environment Safety and Security in doing business Favourable Business Environment Innovation Broad Economy Standard of Living Privatization Infrastructural Development Different Types of Business Structures in Saudi Arabia are: A limited liability company is the most common type of business structure. It mandates having at least one director and one shareholder who may be either a natural person or another corporation. If the number of shareholders at any given point in time becomes more than 20, then they are required to appoint a Board of Directors. The companies can, however, engage only in the activities which are described under the approved objectives of the business. Foreign investors who are interested in setting up large-scale operations can choose the joint stock company. This form of company can be owned fully by one or more natural persons or companies who may be foreigners. A Joint Stock Company needs to appoint an auditor and file audited financial statements each year. This form of company is suitable for foreign entrepreneurs who may not be familiar with the business market. This form of entity requires a minimum of two members and at least one director and it doesn’t have any minimum capital requirement to register the business. Foreign Companies can open branch offices in Saudi Arabia after obtaining the necessary approval from the concerned authority in Saudi Arabia. A branch Office may engage in commercial activities but it should be within the scope of approval issued from the authority. The business can promote and solicit business in Saudi Arabia. A Representative Office can also be established in Saudi Arabia. It is controlled by the parent company and functions on behalf of the parent company. Corporate Income Tax Customs Value-Added tax Social Insurance Tax Real Estate Transaction Tax Enterslice is a market-leading management consultancy firm that offers end-to-end business set-up services, taxation, financial planning, regulatory, legal, and advisory services to entrepreneurs, young start-ups, and large corporate houses across the globe. Our Saudi Arabia Entry Strategy Service involves the following services:Benefits of Doing Business in Saudi Arabia
Different Types of Business Structures in Saudi Arabia
Limited Liability Company
Joint Stock Company
Limited Partnership Company
Branch Office
Representative Office
Different Types of Taxes in Saudi Arabia
About our Services
Our Saudi Arabia Strategy is classified into the following: Our experts assist in choosing the most suitable business structure. The business structures available in Saudi Arabia are limited liability companies, joint stock companies, limited partnership company, branch offices, and representative offices. Apart from this, we also assist in business registration, opening a bank account for the company in Belize, and post-registration compliance. Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory for issues related to the management of the business. Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal Documents for your business and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with. Accounting and auditing services are essential functions for every business entity having its operations in Saudi Arabia as it helps in maintaining a track record of all the company's previous financial transactions and keeps a check on the future transactions of a company. The accounting principle in Saudi Arabia is GAAP which is based on the IFRS. The International Standards on Auditing is the auditing standard adopted by the Kingdom of Saudi Arabia. Accounting and Auditing consultancy services are provided by our team to help customers create and put into place efficient accounting and reporting frameworks. Our team of experts ensures that the accounting and auditing compliance is done as per the accounting standards adopted. We assist in filing various financial statements so that they depict the true and fair view of the business as of the date of preparation. Our tax experts assist in filing corporate tax returns. Our team ensures that the annual tax returns are prepared as per the legislation and produced before the authority as and when required. Our team creates plans to reduce upcoming tax liabilities while assuring adherence to changing tax laws. We provide specialized solutions and priceless advice for successfully managing tax-related issues. We provide experienced advice on challenging cross-border mergers and acquisitions transactions. Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant Documents. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement. Yes, Saudi Arabia is a tax haven. There is no income tax chargeable to residents and ex-pats. Sales Tax or VAT rate is very less. The lack of income tax and favorable investment laws makes it an appealing destination. Kingdom of Saudi Arabia provides ease of doing business. Saudi Arabia known for its incredibly friendly business environment, welcomes foreigners interested in their country. It has a world-class infrastructure and is a highly tax-efficient country. The currency of Saudi Arabia is the Saudi Riyal. The benefits of opting for Enterslice for your business set-up in Saudi Arabia are as follows: i. Professional Support ii. 24*7 Customer Support iii. Highly Integrated IT Team iv. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs. v. All-inclusive solution for our clients. 24x7 Client relationship support desk. Tech-enabled service delivery platform. Dedicated foreign Investment desk. 50,000+ Network of Lawyers/Attorney’s/CPA/CA/CFA. Strong team of Inhouse Lawyers/Attorney’s/CPA/CA/CFA A wide Network of Audit and Law firms in India. Individual and Dedicated professionals on every assignment. We register 100+ Companies every Month. If you have any queries related to the Process, feel free to contact us. We will provideAbout Saudi Arabia Entry Strategy
Business Set-Up Services
Consultancy on Managing the Business
Legal Advisory Services
Accounting and Audit Advisory Services
Tax Advisory Services
Intellectual Property Advisory Services
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15+ years of Industry Experience.
Global Network of CPA’s, CA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.
Why Enterslice
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“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
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“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
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