Incorporation of a joint stock company (Saudi or Gulf)

Description

Merchant

companies

Business sector

This service enables the investor to start practicing commercial activity and establish a joint-stock company, which is established by one or more persons with a natural or legal capacity, and its capital is divided into negotiable shares, and the company is solely responsible for the debts and obligations arising from it or arising from its activity. The shareholder is responsible for paying the value of the shares he subscribed to, 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.

Enter the Saudi Business Center platform
Choose the service of establishing a joint stock company
Click on Start Service
Identify the founders
Determine the status of the company (optional)
Applying for the service
The duration of the record, the location, activities and purposes of the company
Founders data
Commercial registry data
Company Data
Company management data
Basic system 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 legal partner.
The issued capital shall not be less than 500,000 SAR, and the paid-up capital shall not be less than a quarter.

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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