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Saudi Arabia Jurisdiction in Brief

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2014-04-09 07:16:44 - Singapore-based Healy Consultants continues to prove as a dependable partner to international business, seeking to incorporate in Saudi Arabia without the burden of personal travel.

Limited liability companies are usually the favored type of business entity in the Kingdom. The process may seem costly with minimum required share capital of US$133,000, but this type of business can still be 100% foreign owned. Company formation in Saudi Arabia ( must appoint a minimum of one director and two shareholders of any nationality. Consequently, with the help of Healy Consultants, the Client doesn’t have to travel personally.

Corporate tax, payable by resident and non-resident companies is flat 20%. Furthermore, for companies operating in the natural gas sector, and for those engaged in the production of oil, the rates increase to 30% and 85%. Resident companies are required to withhold tax of 15% from payments to foreign associates. Consequently,

the company must pay the tax to the Department of Zakat and Income tax, within 10 days after each month and provide a certificate to the payee, stating the sum. For dividends and interest payments, the tax is levied at 5%, unless a double-tax treaty reduces it. Currently, Saudi Arabia has signed 33 DTA’s. There are no VAT, stamp duty and real property taxes levied in the country. Favorable for all foreign entrepreneurs is the lack of any personal income taxation. There is a full exemption from custom duties on the import of goods implemented in industrial projects.

-- About incentives from having a Saudi Shareholder --

Keep in mind, that while most foreign entrepreneurs prefer to establish a wholly owned company, there are significant benefits in having a resident shareholder. These benefits include:
i) Business network introduction;
ii) Possibility to obtain interest-free government loans;
iii) Preferential government contracts
iv) Assistance in adhering to government policies.

Up to 50% of the total cost for the project can be covered by the Saudi Industrial and Development Fund if there is at least 50% Saudi participation in the project. As the Saudi share in the company lowers, so does the total sum of funds.

Lastly, The Kingdom of Saudi Arabia continues to improve on the favorable policies and laws for foreign entrepreneurs interested on setting up company in the country. With the expert assistance of Healy Consultants, companies can easily take advantage of the largest Arab market and its hunger for international products and services.

-- About Healy Consultants --

Healy Consultants provide a full range of professional services, which include the following:
i) Offshore financial services (
ii) Accounting and taxation (
iii) Corporate finance (
iv) Business start up services
v) Corporate banking (
vi) Global marketing services (
vii) Company formation (
viii) International trading strategies

Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers. Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.

Press Information:
Healy Consultants

P. O. Box 4732
Al-Khobar 31952,
Kingdom of Saudi Arabia

Contact Person:
Mr. Aidan Healy
Business Owner
Phone: (+65) 6735 0120
email: email


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