Business Setup

Pretium conubia nisl blandit sem et bibendum neque erat himenaeos

About Company

Establish Your Enterprise in Saudi Arabia.

As seasoned professionals in foreign business registration within Saudi Arabia, Nosob’s expertise spans across the nuances of international operations within the Saudi domain. We offer bespoke legal assistance tailored to meet our clients’ unique requirements. This includes guiding through pre-contractual discussions, crafting and refining joint venture contracts, offering insights on document-related concerns during company establishment, and advising on the day-to-day operational intricacies. Furthermore, we facilitate attending board meetings, curating and endorsing meeting transcripts, securing necessary licenses, counseling on optimal company frameworks, formulating policies, and delivering premier tax and customs strategies. All this is executed with a profound emphasis on promptness at each phase, recognizing that time remains an irreplaceable asset in business endeavors.

Benefits of Launching Your Venture in Saudi Arabia

Foreign enterprises can tap into a wealth of opportunities and incentives offered by the Kingdom of Saudi Arabia.

A Commerce-Conducive Atmosphere.

In the recent unveiling of the New Companies Law, Saudi Arabia delineates the myriad corporate structures that can now take root, introducing bespoke business models to cater to an expansive spectrum of preferences. This pivotal legislation bestows upon limited liability companies (LLCs) an enhanced financial gateway, enriched with a suite of additional perks. Complementing this, the Kingdom ardently champions its burgeoning SME sector through the esteemed Small and Medium Enterprises General Authority, known as Monsha’at. Governed by the state, this esteemed body furnishes an array of resources - from incubators and accelerators to bespoke lending schemes and collaborative workspaces, ensuring that nascent Saudi businesses don't just grow, but flourish.

Tax Perks

Mirroring the fiscal advantages of its Middle Eastern counterparts, Saudi Arabia boasts considerable tax merits. The nation applies a 20% corporate income tax for businesses within its borders while refraining from levying any personal income taxes. The prevalent VAT is pegged at 15%; however, various exemptions are in place, like goods exported beyond the GCC ambit and services catered to non-GCC residents.

Expanding Economic Spectrum

Under the blueprint of Vision 2023, Saudi Arabia is fervently paving the path toward an economic mosaic that transcends its traditional oil-centric paradigm. A testament to this shift is evident as non-oil sectors already infuse a remarkable 58.9% into the GDP. In pursuit of amplifying this momentum, the Kingdom is intensifying its support across diverse sectors. Initiatives include stimulating foreign investment, curating supportive frameworks for SMEs and nascent ventures, and broadening horizons in tourism, logistics, and the entertainment arena, to name a few.

Optimal Living Conditions

Ranked among the global pinnacles of safety, Saudi Arabia proudly stood as the safest G20 nation in 2020, boasting minimal crime rates. Inhabitants experience a life marked by quality and comfort, complemented by modest living costs and substantial government backing. Establishing a venture in Saudi Arabia emerges as a compelling proposition, catering equally to GCC inhabitants and international entrepreneurs exploring relocation or the establishment of an auxiliary residence.

Navigating Financial Aspects of Launching a Venture in the Heart of Saudi Arabia

Embarking on a business journey within Saudi Arabia’s boundaries comes with its unique financial tapestry. The fiscal compass may vary for a GCC native compared to an international entrepreneur.
Intricacies like the nature of business undertakings, shareholder count, office space dimensions, and other nuances further sculpt the financial landscape of setting up shop in the Kingdom.

about next aspect

Establishing a company in Saudi Arabia has never been easier

Establishing a company in Saudi Arabia has never been easier, thanks to NEXT ASPECT! With a rich history dating back to 2010, NEXT ASPECT boasts over two decades of expertise in company formation services and transaction clearance.

At NEXT ASPECT, we pride ourselves on having an exceptional vision of turning our clients’ dreams into reality by guiding them towards establishing successful, well-rounded companies. We guarantee 100% ownership of your company in Saudi Arabia, putting your best interests at the heart of what we do.

Determined to continue achieving our goals and maintaining success, BNEXT ASPECT is committed to providing the necessary support and assistance to help you realize your ambitions. Join the thriving Business Link family and discover the opportunities that await you in the world of entrepreneurship.

we are ready to help you

Establishing companies in KSA

establishing a company in Saudi Arabia provides businesses with access to a rapidly growing market, a strategic location, and a favorable investment climate. These factors, combined with government support and incentives, make it an attractive destination for entrepreneurs and companies looking to expand their operations in the Middle East and beyond.

Contact us