This service is provided to foreign establishments that want to engage in wholesale and retail trade activity in Saudi Arabia with a Saudi partner
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 establishment approved and authenticated by Saudi Embassy.
A copy of the national IDs for partners and managers (Either Saudis or residents).
Entity's Articles of Association certified by the Saudi Embassy.
National Address.
Service Conditions
The presence of a Saudi partner in the investment license, provided that his dividend in the company is not less than 25%, according to the minimum limits specified by the type of activity. (Premium residency holders are exempted from this condition)
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 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.
Payment of fees within 15 days.
For the company's capital not to be less than 27,000,000 SAR.
Required Data: (Email - Absher Phone Number - Phone Number in the Company's Country - Commercial Activities - Partners & Managers IDs - City in which the License is Requested)
All contracts with customers are officially documented through Nafath
