A service provided to issue licenses for activities that include investments in the field of real estate development, provided that the cost of the project is not less than 30 million Saudi riyals, land and building outside the scope of the cities of Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah.
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
A copy of the establishment’s commercial register, certified by Saudi Embassy.
The financial statements for the last financial year of the foreign company requesting a license certified by the Saudi Embassy.
Entity's Articles of Association certified by the Saudi Embassy.
National Address.
Service Conditions
The total percentage of the Saudi partner/partners and the capital corresponds to the minimum limits specified by the type of activity.
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.
Payment of fees within 15 days.
The applicant must fill the data of the Saudi National Identity / Premium Residency / Regular Residency, if one of the partners holds any of them, or filling the commercial registration data for the participating Saudi companies when submitting the electronic application.
If the licensed activity is related to real estate investment projects, the limit of the value of one project to be established is not less than 30,000,000 Saudi riyals and a building outside the scope of the Two Holy Mosques, and there are no minimum capital limits for projects Real estate investment.
For the Real estate financing capital not to be less than 200,000,000 Saudi Riyals and for the Saudi percentage not to be less than 40%.
For the Real estate development capital outside the scope of the Two Holy Mosques not to be less than 30,000,000 million Saudi Riyals.
Required Data: (Email - Absher Phone Number - Real Estate Activities - Partners & Managers IDs - City in which the license is requested).
All contracts with customers are officially documented through Nafath
