Investment ministry: SR30 million minimum capital to issue license for foreign companies with 100% ownership
Saudi Arabia's Ministry of Investment has outlined criteria for foreign businesses in its Service Guide 2023. Foreign companies aiming for 100% ownership in wholesale, retail, or e-commerce sectors must have a starting capital of SR30 million and a presence in at least three regional or global markets.
The guidelines emphasize employment of Saudi nationals, requiring companies to promote Saudis into leadership roles and ensure annual training for 30% of them. Over five years, businesses are mandated to invest between SR200 million to SR300 million and are encouraged to produce 30% of their goods in Saudi and allocate 5% of sales for local research and development.
Licensing fees stand at SR2000 annually for up to five years. Companies have a 60-day deadline for payment post-invoice issuance. Delays might lead to re-application.
These rules showcase Saudi Arabia's effort to balance international collaboration with local benefits.