100%Issuing A foreign Commercial Investment License
The service is provided to 100% foreign establishments that wish to engage in wholesale and retail trade or e-commerce activity in Saudi Arabia.
Service Price and Execution Period
Service Fees:
10,000.00 SAR
Tax:
15%
Government Fees:
12000 SAR
Execution Period:
5
Government Approval Time:
2
Required Documents
The financial statements of the three regional companies for the last financial year certified by the Saudi embassy.
A copy of the commercial register of the establishments participating in at least 3 regional or global markets certified by the Saudi Embassy.
Articles of Association of the three regional companies certified by the Saudi embassy.
National Address.
Service Conditions
Payment of fees within 15 days.
This service is limited to foreign companies that act at least in 3 regional or global markets.
For the 100% foreign companies' minimum capital required to practice wholesale and retail trade activity to be 30 million SAR.
In case that one of the partners was previously licensed by the Ministry of Investment, it must be clarified when filling in the partners' data while submitting the electronic application.
The company is committed to achieve many standards during the first five years, as following: 1- To be committed to Saudi employment rate as determined by the Ministry of Human Resources and Social Development. 2- To develop and implement a program to assign Saudis to Leadership positions in the first five years and ensuring its continuity. 3- To be committed to train at least 30% of Saudi employees annually.
The company is committed to one of the following conditions: 1- To be committed to invest an amount of no less than 300 million SAR, including 30 million SAR - the company’s cash capital over a period of 5 years starting from the date of obtaining the investment license. 2- To be committed to invest an amount of no less than 200 million SAR, including 30 million SAR - the company’s cash capital over a period of 5 years starting from the date of obtaining the investment license.
If one of the two options cannot be completed, a commitment is made in manufacturing: 30% or more of the company’s products distributed locally are manufactured in Saudi Arabia, and in research and development programs, 5% or more of total sales to establish research and development programs in Saudi Arabia, and in logistics and distribution services, establishing a center to provide these services and to provide after-sales services.
For the company's capital not to be less than 30,000,000 SAR.
Required Data: (Email - Absher Phone Number - Phone Number in the Company's Country - Commercial Activities - Partners IDs - City in which the License is Requested)