To open a company as a foreign investor in Saudi Arabia, you must first obtain a foreign investment license from the Ministry of Investment (MISA), which allows non-Saudis to legally own and operate a business in the country. This involves submitting a business plan, financial statements, and legal documents for approval. Once licensed, you’ll need to register your company with the Ministry of Commerce to obtain a Commercial Registration (CR), followed by registering with tax authorities, social insurance (GOSI), and the local municipality. The most common business structure is a Limited Liability Company (LLC), and capital requirements vary depending on the sector. Certain sectors are fully open to foreign ownership, while others may require a local partner or additional approvals. After completing these steps, you can open a corporate bank account, hire staff, and begin operations, while complying with Saudization (local hiring) rules.
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