Saturday January 6th, 2024
Office for establishing foreign companies in Saudi Arabia
The Kingdom of Saudi Arabia is considered one of the most prominent investment destinations in the Arab world and the entire world. The infrastructure has been developed to achieve this distinguished investment and economic role. The Kingdom has developed systems and legislation that allow it to achieve its vision of occupying a leading position on the economic and investment levels. As a result, it has become Saudi Arabia is a favorite destination for many foreign investors and reputable international companies. For this reason, the Kingdom is working to issue many new regulations, such as the corporate system, in order to provide broad investment opportunities for foreign companies. The Kingdom has made foreign investment available in several forms, such as the joint-stock company and the limited liability company. Ltd., a one-person limited liability company, professional companies and branches of foreign companies.
Foreign company incorporation office
The office of lawyer Faleh Al-Kubri Law Firm and Legal Consultations is one of the leading offices in the field of law in the Kingdom of Saudi Arabia. The office has a license from the Saudi Bar Association to provide legal services and legal consultations in all its fields.
Our office includes a work team of the most skilled lawyers and legal consultants with experience in various fields of law. We deal with all types of cases and strive to provide a quick and professional response to our clients’ needs at all times. Under the supervision of Attorney Faleh bin Hamad Al-Kabra, our team works in coordination to achieve the best results in legal matters. facing our customers.
We are always keen to provide distinguished and professional performance in all legal matters, taking into account Islamic law, the highest principles and high ethics of the legal profession. We are committed to providing the best legal solutions to our clients and achieving their interests with the highest levels of professionalism and integrity.
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Conditions for establishing foreign companies in Saudi Arabia
Article 236 of the new Saudi Companies Law stipulates that a foreign company must carry out its activity within the Kingdom through a branch, representative office, or any other type in accordance with the Foreign Investment Law and the related statutory provisions,
In order to grant a license to a foreign company in Saudi Arabia in accordance with Article Six of the Executive Regulations of the Foreign Investment Regulatory System in Saudi Arabia, the following conditions must be met:
Not including the sustainable investment activity of the license in the list of activities excluded from foreign investment.
Matching the technical specifications of the product and the required production method to Saudi, Gulf, or international specifications.
Failure to issue final rulings against the foreign investor applying for a license due to fundamental violations.
No previous rulings were issued against the foreign investor applying for a license, including rulings regarding financial or commercial violations, whether inside or outside the Kingdom.
Adherence to the conditions, controls, declarations and undertakings that accompany the investment license application form.
Achieving foreign investment license approval. Investment objectives and purposes of the Ministry of Investment in the Kingdom of Saudi Arabia.
Controls for the work of foreign companies in Saudi Arabia
Faleh Al-Kabra Law Firm and Legal Consultations provides specialized services for establishing various types of companies in Saudi Arabia. Our distinguished team has in-depth knowledge of the systems and regulations of Saudi companies and provides the necessary legal services for establishing foreign companies in the Kingdom, including registration procedures and legal representation before the relevant authorities.
At Faleh Al Kabra Law Firm and Legal Consultations Agency, we are able to provide legal consultations remotely through various means available to clients, including consultations over the phone, legal consultations via the Internet, and legal consultations via WhatsApp. We have a team of qualified lawyers who specialize in foreign companies in Saudi Arabia, who can provide Legal advice necessary for our clients.
In addition, Faleh Al-Kabra’s office provides consulting services to foreign companies and helps them develop appropriate plans and strategies for operating within the Kingdom. We are ready to provide legal advice and assistance in licensing procedures, implementing the tax system, settling disputes, and other matters related to the activities of foreign companies in Saudi Arabia. Contact us today. To obtain comprehensive legal advice regarding foreign companies in Saudi Arabia.
How can we help you establish your company or organization?
Our services in establishing companies include assistance in all the steps necessary to establish the company, by opening a subsidiary commercial register for the company and obtaining the necessary licenses. We provide drafting of contracts and work to submit them to the concerned authorities and follow up on all procedures until the commercial register is issued. We can also help you in registering the trade name of the establishment and obtaining licenses. and necessary approvals.
Costs of establishing companies
Companies must pay cash fees to a number of concerned parties during the establishment steps. These fees include fees for registering the company in the Ministry of Commerce and fees for issuing the company’s commercial register. In addition, some companies may require paying additional fees to other parties such as the municipality or the General Authority for Zakat. And income.
Although the company can provide a premium of capital to pay these fees, it must ensure that it has the necessary funds to invest in the company’s business and meet its other financial requirements.
Therefore, before embarking on the process of establishing the company, partners must review the minimum capital required for the type of company they wish to establish and then study and provide the necessary financing to fully cover the cost of establishment and the necessary fees.
Faleh Al-Kabra office services in establishing the company from A to Z
Faleh Al Kabra Law Firm and Legal Consultations is distinguished by providing distinguished legal services to companies without delay or postponement. The office’s team consists of specialized lawyers and consultants who work around the clock to provide technical support.
Legal for companies throughout the Kingdom.
Companies can conclude annual consulting contracts with the office without worrying about its commitment to do so, as the work team is efficient and professional in implementing its contractual obligations with complete efficiency. The team is also characterized by complete confidentiality in dealing with company files and maintaining the confidentiality of legal information related to them.
After reaching an agreement between the partners regarding the type of company, the team of lawyers prepares the contract of incorporation. This contract must include the names of the partners, the capital provided, the type of company and its commercial name, the formation of the board of directors, the appointment of managers and determining their powers, and how to liquidate and terminate the company.
After that, the articles of incorporation are presented for approval by the partners and signed. The team issues the necessary documents for the incorporation procedures after they are completed. After the documents are completed, an electronic application for incorporation is submitted through the Ministry of Commerce website.
Once the incorporation application is accepted, other procedures are completed by paying the required fees, filling out the required data, and issuing the company’s commercial register.
Upon issuance of the commercial register, the company will have been established and have a legal personality independent of the partners, and any person dealing with the company must have his obligations limited to the company’s funds, and not to the partners’ personal funds, unless the company is a joint liability company or a simple recommendation for joint partners only and not limited partners. .
Drafting internal regulations and employment contracts
Establishing companies requires attention to a strong internal organization and clarifying a basic employment contract. This is considered necessary to prepare the company for the establishment stage and obtain legal personality. The bylaws define the company’s objectives and policy and must comply with Saudi laws and regulations. For its part, the company needs employment contracts during the establishment stages. This includes contracting for various job levels. We in our office are able to provide legal drafting services for the company’s internal system and employment contracts in accordance with Saudi laws, in order to protect the rights of the company and workers and avoid future legal problems.
Providing legal support services through annual consulting contracts
Faleh Al Kabra Law Firm and Legal Consultations is distinguished by providing distinguished legal services to companies without delay or postponement. The office’s team consists of specialized lawyers and consultants who work around the clock to provide legal support to companies throughout the Kingdom. Companies can conclude annual consulting contracts with the office without worrying about its commitment to do so. The work team is efficient and professional in implementing its contractual obligations with complete efficiency. The team is also characterized by complete confidentiality in dealing with company files and maintaining the confidentiality of legal information related to them.