For business setup in Saudi Arabia, you must prepare the Articles of Association and the company's financial statements. You will need to provide your financial documents to the Saudi Arabian Chamber of Commerce. The company should have a list of shareholders and directors.
A company should have a set of articles of association and summary of the articles of association which will be published in the official Gazette. The company should be registered with the ministry of commerce and chamber of commerce. The Saudi Arabian Chamber of Commerce is the best way to register with the authorities.
There will be an application fee. The documents required for application Business Setup in Saudi Arabia include company registration documents, articles of association, the certificate of incorporation and the directors and shareholders certificate.
There is no limit to the amount of shareholders, except for foreign companies which should not exceed 50%. Foreign companies should obtain an operating licence from the Saudi Arabian Government. A company is not allowed to conduct any business activities unless it has an operating licence.
You should make sure that you have got a valid operating license before you register the company. The license will allow you to operate in the business environment. In addition, it will allow you to trade with other businesses and engage in other commercial activities. The company's trading license will permit you to buy and sell goods and services in Saudi Arabia.