Ministry of Commerce
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:
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.
- 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.