What is a Joint Stock Company (JSC) in KSA?
A Joint Stock Company (JSC) in the Kingdom of Saudi Arabia (KSA) is a business entity where ownership is divided into shares, allowing multiple shareholders to invest in the company. This structure provides limited liability for shareholders, separating personal assets from corporate debts. JSCs play a crucial role in the Saudi Arabian business landscape, fostering investment and facilitating the growth of diverse industries in the country.
What is the procedure for forming an establishment in Saudi Arabia?
- Securing a MISA License: Obtain the necessary license specific to your industry to ensure your business operates within the bounds of the law.
- Choosing Your Business Name: Define your organisation’s formal and distinctive identity, ensuring legal compliance and building a solid brand presence.
- Legalizing Articles of Association: Confirm the official acceptance of your Articles of Association to establish their legitimate and authorised status.
- Completing Commercial Registration: Officially register your business to engage in lawful commercial activities.
- Listing with the Chamber of Commerce: Mandatory filing with the Chamber of Commerce is essential.
- Filing with the Ministry of Labor: Register your business with the Ministry of Labor in Saudi Arabia to comply with employment laws.
- Issuing the General Manager’s Visa: Expedite the approval process for the general manager’s residence permit and visa, with the Ministry of Labor and Social Development managing crucial labor documentation.
- Enrolling the National Address for Your Company: Establish an authorized business address for inclusion in government records.
- Listing with the Qiwa Portal – Human Resources & Social Development: Utilize the Qiwa platform to optimize electronic solutions for labor sector services offered by the Ministry of Human Resources & Social Development.
- Enrollment with Zakat, VAT & Corporate Tax: Register your business for tax compliance with Zakat, VAT, and Corporate Tax in Saudi Arabia.
Company Seal
- Listing with the Muqeem Portal: Streamline residency data management through the Muqeem portal, ensuring real-time coordination with Saudi authorities for efficient entry and exit processes.
- Filing with the Absher Portal: Access a comprehensive range of services for Saudi residents through the Absher portal, covering appointments, passport renewals, ID cards, driver’s licenses, and more.
- Enrollment with the General Organization for Social Insurance: Enroll with the General Organization for Social Insurance to ensure the welfare of workers.
- Establishing Your Business Bank Account: Set up a dedicated bank account for business-related financial transactions.
Why Helpline Group?
With a quarter-century of expertise and a global presence spanning 10 branches, Helpline Group is your reliable consultant for initiating a sole establishment in Saudi Arabia. Our steadfast dedication to excellence ensures a rapid and accurate setup process. Leveraging our extensive international network, we deliver seamless and precise services, providing a seamless journey to establish your business presence in the Kingdom of Saudi Arabia.
Office # 28, 1st floor,
Raden Commercial center,
Al muruj, Olaya street,
Riyadh 12281, Saudi Arabia
OFFICE TIMING
Saudi Office
Office # 28, 1st floor,
Raden Commercial center,
Al muruj, Olaya street,
Riyadh 12281, Saudi Arabia
HELPLINE GROUP is a global leader in business incorporation, Business advisory service, Pro Service, certificate attestation, legal translation.
