Seamlessly Expand Your IT Company to Saudi Arabia

The Saudi government, through its Vision 2030 initiatives and collaborations with industry leaders, is investing heavily in digital infrastructure, cybersecurity, and innovation hubs to nurture a tech-driven economy. The latest investment round was launched in August of 2023 when Crown Prince Mohammed bin Salman announced a new $200 million fund for local and international high-tech companies.

Source: Arab News

Major global players like IBM, Amazon, and Trend Micro are already creating strategic partnerships with local businesses and setting up operations in the Kingdom. Google organized their key regional event – Google Marketing Live – for the first time in Riyadh in 2023. This further highlights the global importance of the rapidly expanding IT ecosystem.

Technology forms an integral part of the Saudi Vision 2030, allowing technology-focused companies to steer development across the nation. With over $2.4 billion in funding, key players like Banque Saudi Fransi, Riyad Bank, Merak Capital, and Impact46 lead the charge in supporting emerging tech ventures. Notably, venture capital investment in the Kingdom’s startup scene surged by 72% from 2022 to 2023, signaling a significant push towards innovation and economic progress.

The Saudi government is heavily investing in the country’s tech infrastructure, digital growth, and cybersecurity as it transforms into a digital economy and a world-leading innovation hub in line with its Vision 2030. The growing emphasis on nurturing a strong technology sector is exemplified by Crown Prince Mohammed bin Salman’s recent unveiling in 2023 of a $200 million fund targeting local and international high-growth technology companies.

Driven by Vision 2030, Saudi Arabia is rapidly transforming its national economy, focusing on diversification and private sector growth. This transformation has led to the establishment of Special Economic Zones (SEZs) in Saudi — an initiative that offers unparalleled advantages to 100% foreign-owned businesses that want to set up operations within the Kingdom. Learn more

The cost of a company formation in Saudi Arabia varies per license type you will require (depending on your business activities), number of visas, office space requirements and other details. We recommend booking a free consultation with our specialists to help you navigate in this complex process and learn more about company formation in Saudi Arabia.

The Ministry of Investment is a government entity that licenses foreign companies to operate in Saudi Arabia without a local partner by issuing the MISA Investor License. This is a mainland license with 100% foreign ownership. The MISA Investor License is open to companies of all sizes set up in the Kingdom. The most common business activities we license are those in the services sector. Please note, certain activities are restricted, such as recruitment, medical, and certain types of consulting (other than management)

The assigned general manager from your side would need to travel to KSA for completing the Iqama issuance, which is needed to complete the setup process

The company will be commercially registered within 3 to 4 weeks. The company will be fully established with the GM Iqama and company bank account within 3 months

Yes, a registered national address is needed when establishing a company in Saudi Arabia. The AstroLabs Coworking office can be used for companies softlanding as well as their registered address

Saudization is a law which imposes companies to hire a number of Saudi Nationals depending on the sector and size of the company. The first hire (after the General Manager) must be a Saudi National

• 20% tax on net profit
• 15% VAT
• 5-20% Withholding tax