The Saudi Advantage
With Saudi Vision 2030 fueling monumental growth, the opportunity is ripe for Saudi expansion
Annual investment in development & innovation sector
2.5% of GDP
By 2040
Private sector's contribution
65%
By 2030
FDI Increase
from 3.8% to
5.7%
By 2030
SME contribution
to GDP
35%
By 2030
Saudi
GDP
$1Tr+
in 2022
Kickstart Your Business Setup In Saudi Arabia
Set Up Your Business in Saudi Arabia
The AstroLabs Advantage
Our top-tier Saudi expansion specialists will ensure your seamless market entry and enable your fast-tracked growth in Saudi Arabia
First International
Incubator License
A Team of 30 On-Ground
Support Specialists
Soft Landing & Office Spaces Providing National Address
End-to-End
Business Setup Support
Become Fully Operational in Less Than 3 Months
MISA License
Commercial Registration
Registration with Official Authorities
Issuance of the GM Visa
Government Portal Registrations
Assistance in Bank Account Opening
Beyond Setup... We Help You Scale
Pre-Setup Consultation
Benefit from an effective overview of the Saudi landscape with relevant updates and compatible frameworks
Post-Incorporation HR and PRO Services
Keep your paperwork and team structure up to date with our bespoke post-setup services
Talent Practice
Mobilize our recruitment team from your first local hire to building full departments in Saudi Arabia
A Vibrant Community
Work alongside the ecosystem’s top local and global companies and exchange expertise. Find inspiration in their success and grow your network of potential partners
Your Own National Address
Benefit from a registered physical address at our coworking space to streamline your setup and legal registration process
Open Knowledge
Get first access to our innovation programs and digital academy courses
Our
Members & Alumni
What Our
Partners Say
We had a unique experience with AstroLabs, we engaged with them a long time ago because Saudi has always been our target market, Faloos was built for the Saudi market and we wanted local support. We understood the value of having people on the ground, and knew the people that would help move us forward with our process.
Haider SyedFounder, Faloos
We were attracted by the team’s turnkey solution and how helpful they were. The team has been nothing short of wonderful.Not only were they exceptionally professional, responsive and thorough, but they consistently went above and beyond to help us, particularly during COVID. I am so impressed.
Ross MacleanaGroup Chief Executive Officer, The Collective
AstroLabs is proactive and highly responsive, they drive tasks and take ownership over the process. As a Saudi market entry partner, they facilitated and supported our company towards achieving our goals of establishing our entity in KSA and beyond.
Ahmad BilalRegional Director, Allegion
AstroLabs are the perfect partners to launch your business in Saudi. They set-up our company and got us the needed residency for our team. They understood our priorities and made sure that the job was done on time. We highly recommend them.
Riyad Abou JaoudehPartner, MEVP
I want to praise the excellent work AstroLabs did in issuing my Iqama and finalizing the rest of the company setup in the Kingdom. I know how tedious the process is but with the AstroLabs know-how, patience, agility, and connections within the ecosystem .
Elias HaberCo-Founder and Managing Partner, Fusion5
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Kickstart Your
Saudi Expansion
Saudi Arabia Launches the First Wave of Special Economic Zones
FAQs
What type of businesses does AstroLabs support?
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
What are the requirements for setting up a business in KSA?
Established business:
- Commercial Registration / Certificate of Incorporation / Trade License
- Articles of Association / Memorandum of Association
- Audited Financial Statement
Startups:
- Commercial Registration / Certificate of Incorporation / Trade License
- Articles of Association / Memorandum of Association
- Support letter from a licensed incubator (AstroLabs)
- Financial backing from a VC / Establishment
- Startup brief, letter of intent and pitch deck
What is a MISA license, and who is it for?
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)
Do I have to come to Saudi Arabia to finalize the process?
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
How long does it take to setup a business license in Saudi Arabia? And what is the 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
Do I need to have an office?
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
What is Saudization?
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
How is taxation applied to foreign owned companies operating in KSA?
- 20% tax on net profit
- 15% VAT
- 5-20% Withholding tax
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