Entrepreneur License in Saudi Arabia

The entrepreneur license is one of the popular business licenses in Saudi Arabia. Introduced to support Vision 2030, it ensures that investors who want to enter Saudi Arabia’s booming market can conduct their business legally and in a hassle-free manner.

The Ministry of Investment of Saudi Arabia (MISA) allows both local and foreign investors to apply and avail the license. Read on to learn about the criteria, process to obtain the entrepreneur license in Saudi Arabia, and the required documents.

Criteria to Avail an Entrepreneur License in Saudi Arabia

To obtain this type of Saudi Arabia business license, you need to adhere to the criteria mentioned below: 

1. Must be a resident of the country.
2. Have a local sponsor on board, if a foreign investor.
3. Provide documents to prove financial backing.
4. Must disclose any existing license issued by the Ministry of Investment of Saudi Arabia.
5. The applicant must attain 21 years of age.
6. Letter of endorsement from a startup incubator.
7. A No-objection Certificate (NOC) from the local sponsor.
8. A business plan that includes goals, customer base, business tactics and budget projections.

How to Obtain an Entrepreneur License in Saudi Arabia

There are certain steps that need to be followed to obtain a business license in Saudi Arabia-

• Step 1 - Choose a business structure among a Joint Stock Company (JSC), a Limited Liability Company (LLC) and a branch office of a foreign company. 
• Step 2 - Decide on a unique trade name that highlights the brand and apply for approval from the relevant authorities.
• Step 3 - Register the business by providing documents to the Ministry of Commerce and Investment and the Saudi Arabian General Investment Authority.
• Step 4- Submit the application for the entrepreneur license along with the necessary documents.
• Step 5 - Pay the requisite fees and secure your Saudi Arabia business license.

What Kind of Documents Are Required?

You must submit the following documents to avail your entrepreneurial license in Saudi Arabia -

1. Business plan
2. Passport copies of shareholders
3. Approval of trade name
4. Proof of company registration
5. Iqama permit

You will need the guidance of business experts to obtain an entrepreneur license in Saudi Arabia. Commitbiz started its journey over 17 years ago and has complete knowledge of the business world in Saudi. Our experts can assist you in incorporating the company in the country and obtain the relevant business license. Contact us to know more!