Small Business in KSA

Post new topic

Member since 19 September 2017

Amrit Khan Bhanu KhanMember31 October 2019 06:25:25

Indian Nationality
Working in KSA from Last 3 years.

Point:
1- Want to start small business (Coffee Shop)
2- In case of no 100% Expats ownership. What is % between Saudi & expats partnership as per KSA Law.
3- How make KSA official acknowledgement that Company only in Saudi Nationality Name but whole Liability or ownership in My name. To avoid fraud risk.

* If any other suggestion please share.

Note: I have knowledge for basic licence like CR, chamber of commerce, GOSI, GAZT.

Ehtesham ViP

Member since 15 May 2012

EhteshamViP31 October 2019 11:05:40

1296

Hi,
business can be either under your name as expat investor or under saudi name as owner and cannot be shared. Owning a business is done through SAGIA and other members can explain better about it.

XTang Bahrain/UAE/Saudi Arabia Expert

Member since 22 April 2014

XTangBahrain/UAE/Saudi Arabia Expert31 October 2019 11:23:18

11800

I have commented on similar topics before:
https://www.expat.com/forum/viewtopic.php?id=825938

Another good thread which discusses the issues
https://www.expat.com/forum/viewtopic.php?id=317306

Basically, the only legal way nowadays to have a business in your name to the tune of 100% is to get a premium residency for Saudi. Costs a lot i.e. 800K for lifetime.

Any other way is problematic for small business owners. SAGIA won't help with such small businesses and even if they do, you have to set it up in partnership with a Saudi.

Don't EVEN THINK of doing point 3 unless you want to go to jail. This is basically you admitting to "tasattur".

Read the threads I posted above and in the future, use the search button for the forum.

Articles to help you in your expat project in Saudi Arabia

Everything you need to know as an expat woman in Saudi Arabia
Saudi Arabia can be a challenging destination for women. As a strict Islamic country, Saudi Arabia imposes a lot ...
Dating in Saudi Arabia
If there was one adjective that could describe dating in Saudi Arabia, it would be the word 'discreet'. ...
Getting married in Saudi Arabia
Saudi Arabia is a country that holds marriage and family as one of its core values. It is a privilege to get ...
Driving in Saudi Arabia
Driving in Saudi Arabia is the easiest and most convenient way to get around. That being said, expats in Saudi ...
Moving to Saudi Arabia with your pet
Saudi Arabia is governed by the Shari'a, which is the Islamic Law. According to Wahhabism, animals, and dogs, ...
Accommodation in Dammam
Dammam is the capital city of the Eastern Province, which is made up of smaller cities that, together, form the ...
Accommodation in Yanbu
Overlooking the Red Sea, Yanbu is deemed to be Saudi Arabia's second industrial city after Jubail, which is ...
Childcare in Saudi Arabia
If you are coming to Saudi Arabia with children and plan to work full-time, you may want to look into getting some ...