Registration with the Ministry of Investment of Saudi Arabia (MISA) is a key step for foreign investors looking to establish a business in Saudi Arabia. Here is an overview of the process and costs:
Registration Process:
- Determine Business Structure: Choose the legal form of your business, such as an LLC, branch office, or joint stock company.
- Document Preparation: Gather required documents, including:
- Commercial registration from your home country (certified by the Saudi Embassy).
- Last year’s financial statements (certified by the Saudi Embassy).
- Articles of Association and related legal documents.
- All documents must be authenticated through the Ministry of Foreign Affairs and Saudi Embassy.
- Online Application: Submit your application through the MISA e-services portal, which involves entering company details, shareholder information, and contact information.
- Approval and License Issuance: Upon approval, you will receive the MISA license.
- Commercial Registration (CR): After the license, register with the Ministry of Commerce to obtain a commercial registration for your business.
Costs:
- The exact cost varies depending on the business type and activity but typically includes fees for the MISA license, document attestation, and commercial registration.
- You may need to set up minimum capital (e.g., 25,000 SAR for certain LLC branches) depending on the business type
Zoha Hussain