Establishing a joint venture company (Saudi or Gulf)

Description

Merchant

companies

Business sector

This service enables the investor to start practicing commercial activity and establish a joint venture company, which is established by two or more persons of natural or legal capacity; In which they are personally responsible for all their money and jointly for the company’s debts and obligations, and the partner in it acquires the status of a merchant, and through the service the following is done:

Issuance of the commercial register and articles of incorporation.
Issuance of an immediate commercial license (optional).
Opening an establishment file with the Ministry of Human Resources and Social Development.
Register for zakat through the electronic portal of the Zakat, Tax and Customs Authority.
Registering the establishment with the General Organization for Social Insurance.
Registration at the national address at the Saudi Post is ways.
Registration in Chambers of Commerce by location

The service is provided through the Saudi Business Center.

Log in to the Saudi Business Center platform
Choose the service of establishing a joint venture company
Click on Start Service
Determine the number of partners
Determine the status of the company (optional)
Applying for the service
The duration of the record, the location, activities and purposes of the company
Partner data
Commercial registry data
Company Data
Company management data
Company contract data
Order summary

The age shall not be less than 18 years, and in the event that the applicant is a minor under the age of puberty, the guardianship deed shall be submitted.
The partners should not be government employees.
The commercial registration shall not be canceled, suspended or terminated, if one of the partners is a corporate partner.
The following must be verified in the event that the company's capacity is (professional):
The presence of a valid professional license for the partners.
The proportion of the licensed Saudi partner shall not be less than 25% if the company is a mixed company.
The percentage of licensed partners shall not be less than 70%.

Existence of a legal document in the event that one of the partners is a government agency, a civil institution, a charitable association, or an endowment; To give him the right to establish a company or participate in a company.
The existence of a license from the Central Bank of Saudi Arabia, if the activity requires it.

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