In Saudi Arabia this is the common used business entity. It provides a room for a good business environment due to the availability of the most largest Arab market in Saudi Arabia

Key Features of Saudi Arabia Limited Liability Company

Saudi Arabia Limited Liability Company

Corporate Details

General

  • Type of Entity

Limited Liability Company

  • Registered Office in Saudi Arabia

Yes

  • Shelf company availability

Yes

  • Type of Law

Sharia Islamic Law

  • Access to Double Taxation Treaties

Yes

  • Annual Zakat rate payable

2.5%

Share capital or equivalent

  • Standard currency

Saudi Riyal

  • Permitted currencies

Any

  • Minimum paid up

US $27000

Directors

  • Minimum number

1

  • Local required

No

  • Corporate directorship allowed

Yes

Members

  • Minimum number

2

  • Corporate members allowed

Yes

  • Location of meetings

In Saudi Arabia

  • Passive local nominee shareholders

51%

Company Secretary

  • Required

N/A

  • Local or qualified

N/A

Accounts

  • Requirements to prepare

Yes

  • Required to file annual return

Yes

Tax treatment

Corporate tax for a Saudi Arabian LLC is 20%

Duration for set up of the company

Two months 

Distinctive Advantages of Saudi Arabia Limited Liability Company

  • Foreign companies are allowed to bid for government contracts and can operate in the kingdom without a Saudi Agent or Partner
  • Foreign companies enjoys exemption from customs duties on imports of machinery, equipments , tools and spare parts for Industrial projects
  • The Kingdom remains by far the largest Arab market, and is one of the world’s main trading nations in terms of goods and services.

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.