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 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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Address: 1288 Franklin Avenue

Contact Seller: (+1)-123-456-789

The Simplified Joint Stock Companys Establishment

2500 SAR