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Service License
in Saudi Arabia
A Service Investment License in Saudi Arabia allows foreign investors to establish and operate service-based businesses with 100% ownership, without the need for a local partner. This license covers a wide range of sectors, including construction, IT services, healthcare, education, tourism, and engineering. It provides businesses with the legal framework to offer their services across the Kingdom, ensuring compliance with local regulations. The Saudi government actively encourages foreign investment in the service sector, and this license opens doors to lucrative opportunities, empowering businesses to tap into the growing market and expand their operations seamlessly.
Requirements for
Service Investment
License in
Saudi Arabia
Existing Foreign Company
-
The applicant must have a legally established company operating outside Saudi Arabia.
Capital Requirement
-
Minimum capital investment determined by the relevant sector or type of service.
Required Documents from parent company
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Commercial Registration (CR)
-
Financial Statements
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Articles of Association/Memorandum
Shareholder Information
-
Passport copies and personal details of all shareholders involved in the investment.
Common Activities Under Service License in
Saudi Arabia
IT and Technology Services
Investors can establish IT companies offering software development, tech support, cybersecurity, and other digital solutions.
Healthcare Services
Foreign investors can open medical clinics, hospitals, or healthcare consulting firms.
Educational Services
Establishing private educational institutions or providing training and development services falls under this category.
Logistics and Supply Chain Management
Investors can offer services related to warehousing, transportation, freight forwarding, and other logistical activities
Food and Beverage
Restaurants, cafes, catering services, and food delivery
Tourism and Hospitality
Travel agencies, hotels, and tourism companies
Construction and Contracting
General construction, civil works contracting, electrical, plumbing, and maintenance contracting
Interesting Facts About the Service Sector Business in Saudi Arabia
Market Growth
- Contributes approximately 60% to GDP, making it one of the fastest-growing segments.
- Average annual growth rate exceeds 5%, driven by rising demand for diverse services.
Economic Diversification
- Aligned with Vision 2030, the government promotes the service sector to reduce oil dependency.
- Focus on investing in tourism, entertainment, and technology services.
Foreign Investment
- Surge in foreign direct investment (FDI), particularly in healthcare, education, and technology services.
- Foreign companies can achieve 100% ownership, enhancing control and profit retention.
Digital Transformation
- Strong emphasis on digitalization and technology adoption, especially in financial services, e-commerce, and logistics.
Public Sector Reforms
- Government initiatives to improve service delivery have enhanced various sectors, including healthcare and education.
Growing Demand
- A rising population and expanding middle class are driving demand for services in hospitality, retail, and entertainment.
Infrastructure Development
- Significant investments in infrastructure are improving service delivery and accessibility across the kingdom.
Employment Opportunities
- The service sector is a major employment source, particularly for women, contributing to economic empowerment.
Quality Standards
- Implementation of stringent quality and regulatory standards ensures competitiveness in the service sector.
Integration of Services
- Implementation of stringent quality and regulatory standards ensures competitiveness in the service sector.
Opportunities in Mega Projects
- Projects like NEOM and Qiddiya are expected to create numerous business opportunities across various service industries.