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Professional License with
Saudi shareholder
A professional license in Saudi Arabia allows foreign entities to operate in various specialized fields, such as consulting, engineering, and legal services, with the requirement of a local Saudi shareholder. This type of license is crucial for businesses aiming to leverage local market knowledge while maintaining significant foreign ownership. To obtain a professional license, companies must provide comprehensive documentation, including the parent company’s certificates and a clear outline of services offered. With this license, businesses can establish a strong foothold in Saudi Arabia, benefiting from the Kingdom’s growing economy and diverse market opportunities while ensuring compliance with local regulations.
Requirements for
Professional Investment
License in
Saudi Arabia
Ownership Structure
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Must own at least one company outside Saudi Arabia.
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Foreign companies can hold up to 75% ownership if professionally licensed.
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A Saudi partner must own at least 25%.
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Non-professional companies' shares cannot exceed 30%.
Capital Requirements
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Minimum capital as required by regulations.
Required Documents
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Commercial Registration (CR) of the foreign company, authenticated by the Saudi Embassy.
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Certified financial statements for the last fiscal year, authenticated by the Saudi Embassy.
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Shareholder details, including passport copies.
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Professional certificates or licenses relevant to the business activities.
Reputation & Licensing
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The foreign professional company must have a distinguished reputation in its field.
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The company must have licensed representatives authorized to practice the profession by the relevant authority in its home country.
Common Activities Under
Professional License in Saudi Arabia
Engineering Consultation
Architectural, civil, mechanical, and electrical engineering
Consulting Services
Business, management, and financial consulting
Accounting Services
Bookkeeping, tax advisory, and audit services.
Legal Services
Law firms providing legal advice and representation.
Significant Facts About the Professional Business Sector in Saudi Arabia
Economic Diversification
- Actively diversifying the economy under Vision 2030 to reduce oil dependence and boost professional services.
Growth in Sectors:
- The professional services sector, including consulting, IT, and legal services, is rapidly expanding.
Increasing Demand for Services
- Rising demand for management consulting, legal advice, and accounting driven by startups and SMEs.
Supportive Infrastructure
- Modern infrastructure, such as business parks and technology hubs, facilitates growth in professional services.
Women Empowerment
- Initiatives promoting women's roles in business enhance inclusivity in the professional environment.
Digital Transformation
- The sector is investing in technology, data analytics, and cybersecurity solutions for digital advancement.
Networking and Collaboration
- Increased networking platforms and professional associations foster innovation and knowledge sharing.