With the introduction of Vision 2030, Saudi Arabia has become the global hub for tourism. Being culturally rich, with stunning landscapes and ambitious projects, the Kingdom offers abundant opportunities to start a travel and tourism company. More than everything, the government of Saudi Arabia extends complete support to diversify the economy. The government has implemented various policies and investment plans to make Saudi Arabia an attractive destination for those looking to setup a travel and tourism company.
The Growing Travel and Tourism Industry in Saudi Arabia
The travel and tourism industry in Saudi Arabia is growing. The Vision 2030 includes policies to boost the travel and tourism sectors. Mega projects like NEOM, the Red Sea Project, and Qiddiya give great momentum to the tourism industry.
The government is fully committed to building Saudi Arabia, fully equipped with excellent infrastructure, entertainment facilities, to make it a top tourist destination.
Beyond this, the government has made efforts for international campaigns and policies such as tax redemptions, subsidies, and incentives in order to support entrepreneurs who wish to start a travel and tourism company in Saudi Arabia. Other benefits for travel and tourism entrepreneurs.
- Financial assistance from the Tourism Development Fund (TDF) for tourism related projects.
- A tourism company may get income tax redemptions as well as customs duty redemptions on some imported materials.
- The leading organizations, such as the Saudi Travel Agencies Association (STAA) and the Saudi Hotel Association (SHA), offer opportunities for the tourism industry to flourish in businesses.
How to start a Travel and Tourism Company in Saudi Arabia
- Select the Right Business Structure: As per your business goal, select any business structure, such as a Limited Liability Company, a Joint Stock Company, or a branch of a foreign company.
- Registering Your Business Name: Register your company name with the Ministry of Commerce and Investment (MCI).
- Get the required capital: you have to meet the capital requirements as per the nature and size of your business as per the rules of the government of Saudi Arabia. Each type of company required a certain amount of capital as per government policy.
- Necessary Licenses and Permits: Get a license and permit from the Ministry of Investment Saudi Arabia(MISA), a commercial registration certificate from the Chamber of Commerce, and other government entities.
- Registration with tax authority: In order to comply with the financial regulations of Saudi Arabia, it is necessary to register with the General Authority of Zakat and Tax (GAZT).
Start your Travel and Tourism Company with the Helpline Group.
We, Helpline Group, have been part of Saudi Arabia as the leading business set-up company for more than 25 years. We know the nature and scope of the business landscape in Saudi Arabia. We give professional guidance and support to start your dream travel and tourism company in the Kingdom, and make you an integral part of the dynamic tourism sector of Saudi Arabia.
Come and be a part of the travel and tourism industry with the Helpline Group by your side.
