Saudi Arabia LLC

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.