Saudi Arabia Agency Agreement Company

Commercial Agents can play a big role to investors who want to avoid the legal procedures of obtaining the Investment license. Saudi Arabia Agency Agreement Companies provides a room to these kind of Investors or Clients
Key Features of Saudi Arabia Agency Agreement Company

Saudi Arabia Agency Agreement Company	Corporate Details
General
Type of Entity	Agency Agreement Company
Registered Office in Saudi Arabia	Yes
Annual Zakat rate payable	2.5%
Can buy Saudi Arabia property	No
Share capital or equivalent
Standard currency	Saudi Riyal
Permitted currencies	Any
Minimum paid up	N/A
Managers / Directors
Minimum number	One
Local required	Yes
Members / Shareholders
Minimum number	One
Corporate Shareholders allowed	Yes
Accounts
Requirements to prepare	Yes
Audit requirements	Yes
Requirements to file accounts	Yes
Publicly accessible accounts	Yes
Requirement to file annual return	Yes

Tax treatment
Corporate tax for a Saudi Arabian Agency Agreement Company is 20%.
Duration for company set up
Two months.
Advantages of Saudi Arabia Agency Agreement 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.