BRANCH OF A FOREIGN COMPANY
BRANCH OF A FOREIGN COMPANY
If you are planning to expand your business, then Saudi Arabia is the best choice because of the booming business opportunities in Kingdom. You can start a branch of your business in the Saudi Arabia by opening a branch office of your foreign company. This has given immense opportunities to foreign investors to expand their business to the next level. A branch office, though it is a separate entity, can do only the same business activities as that of its holding company. Zaam service provider can help you set up your business in Saudi Arabia by guiding you through the process of setting up a branch office of a foreign company and also by supporting you to operateyour business successfully.
Benefits Of Establishing A Branch Of A Foreign Company In Saudi Arabia
No need of a local sponsor
100% company ownership
100% business control
Immense govt support
Quick growth
Manageable procedures
Many Govt – funded projects are announced
Govt – always initiate to engorge foreign investment in kingdom
WORKFLOW
There are a total of 16 steps to complete the full process to establish a legal foreign-owned business set up in the Kingdom under MISA guideline
Choose your business activity
Obtain a MISA-SAGIA license
Approval of Business name and activities
Register with Ministry of Labor
Registration for Social Insurance (GOSI)
Registration at Zakat and Income Tax
VAT Registration
Obtain GM Visa and residence permit
Qiwa Registration
Obtain a MISA-SAGIA license
Muqeem Registration
Chamber of commerce registration
Mudad Registration
Choose your office space and commercial space for applying municipality license
Documents Required To Open A Branch Of A Foreign Company In Saudi Arabia
Zaam service provider can guide you through the process of expanding your business by opening a branch of your foreign company in Saudi Arabia with the following Documents
- A copy of the Certificate of Incorporation (attested by Saudi embassy)
- Memorandum of Association of the shareholding partner certified by the Saudi embassy(Or a copy of the national identity, if one of the partners is a natural the person holding the nationality of one of the GCC countries, or a copy of the national identity if one of the partners is holding Saudi nationality and a statement issued by “ABSHAR” system to prove the profession; or a copy of the commercial registration for Saudi companies, and a copy of the premium residence if one of the partners holds it)
- Financial Statements (audit report) of the last financial year of the applicant’s foreign company and attestedby the Saudi Embassy.
- Board Resolution to invest in Saudi Arabia.
- Power of Attorney to Zaam Service Co.Ltd– attested by Saudi Embassy.