servicesBox.Just 60000 servicesBox.Point

The Joint Stock Companys Establishment

Ministry of Commerce

5000 SAR

This service enables the investor to start operating commercial activity and establish a Joint Stock Company by a juridical or natural person or more, and its capital is divided into negotiable shares, and the company only is responsible for the debts and obligations arising from its activity. The responsibility of the shareholder is limited to paying the value of the shares to which he contributed, and through the service, the following is done:

  • Issuance of commercial registration and memorandum of association.
  • Issuance of instant municipal commercial license (optional).
  • Open a facility file at the Ministry of Human Resource and Social Development.
  • Zakat Registration via Zakat, Tax and Customs Authority E-gate.
  • Facility’s registration in the General Organization for Social Insurance.
  • Official Business Address registration at Saudi Post “SPL”.
  • Chamber of Commerce registration by location.

servicesBox.ServiceRequirements

The existence of a legal document in case one of the partners is a government entity, non-governmental organization, charity committee, or waqf, to authorize him to establish a company or participate in a company.

The existence of a license from the Saudi Central Bank in case the activity required that.

  • The age must not be less than 18 years old, and in case the applicant was a minor, the guardian deed must be submitted.
  • The partners must not be government employee.
  • The commercial registration must not be written off, suspended, or expired, in case one of the partners is a juridical partner.
  • The issued capital must not be less than SAR 500.000, and the paid capital must not be less than a quarter.
  • The following requirements must be met if the company's type is "Professional":

- A valid professional license must be held by the entities and individual professionals establishing the company.

- The existence of at least one licensee among the shareholders for each profession related to the practice of the professional company's activities.

- The percentage of licensed Saudi shareholders must be at least 25% if the company is mixed.

- The percentage of licensed shareholders must be at least 70% of the company's capital shares.

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The Joint Stock Companys Establishment
5000 SAR