2.5% of GDP
By 2040
65%
By 2030
5.7%
By 2030
35%
By 2030
$1Tr+
in 2022
AstroLabs supports businesses from all sectors and all sizes. The 350+ companies AstroLabs has set up vary across 30 different sectors and across 25 different countries. Some companies are huge multinationals and are public listed companies, others are VC backed startups expanding to Saudi Arabia
Established business:
Startups:
The Ministry of Investment is a government entity that licenses foreign companies to operate in Saudi Arabia without a local partner. 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
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