February 13, 2020
KSA is extremely encouraging of new startups and provides facilities and licenses accordingly. Other than that, there are abundant opportunities for global expansion and all in a location near an airport and a seaport. Hence, setting up companies in Saudi Arabia is a great option for any ambitious business.
There are vast amounts of creative projects that are spread out in all the aforementioned fields. It attracts many investors. KSA is also a cheap and easy choice for any type of business as the Al Maktoum International Airport is located very close to it. KSA gives its employees and businesses the options of accommodations and also for entertainment. As a direct consequence of the impending World Expo that is scheduled for this year, many investors will invest in KSA boosting the city’s economy.
You can obtain various kinds of licenses at KSA. Here’s a brief summary of the same.
Trades License - This helps the businessmen to import, export, and distribute different products as well as services to prospective customers.
Logistics - As the name says, this one helps you out with transportation, distribution, storage, forwarding, and other sector-specific tasks.
Industrial License - It helps companies with manufacturing activities, which include hand labor and machines. The machinery used shouldn’t produce any other harmful products and materials. Companies should provide survey reports to obtain this license.
Service License - You will have permission for providing services but this license is only applicable in the free zone. You need another license outside. This license includes counseling, training, etc.
There is a plethora of advantages of conducting business in KSA. Here are some of the most important of them.
100% Ownership - The KSA allows you to own your entire company and that too with the best service provided by KSA.
Tax-Free Business - KSA lets you do your business tax-free, and isn’t that what every business dreams of?
Flexible Lease and Easy Documentation - The commercial lease is very flexible in KSA to encourage new startups. For the same reason, the documentation process is short and uncomplicated.
A plethora of Facilities - KSA makes a variety of facilities available for which they don’t need proof of your shared capital.
Setup Costs - In Dubai, you need about 30,500 AED to start a new business.
Location Advantage - The KSA is close to both the international airport as mentioned before and also to the Jebel Ali seaport.
These were the basic facts and advantages of setting up a business in the KSA. Get in touch with us to get more information about business or government relations services in Saudi Arabia.