Entrepreneur License in Saudi Arabia
What is an Entrepreneur License?
- Easier guidelines to follow
- Reduced costs and fees
- Assistance from government through support programs
- Opportunity to own 100% of your business
This license, commonly known as the Entrepreneur MISA License, promotes foreign investment and innovation in Saudi Arabia. If you have a wonderful business idea, this business license would be the right one for you.
What are the benefits of getting an Entrepreneur License?
Legal Compliance
The license lets you run your business legally in Saudi Arabia
Business Flexibility
You get the opportunity to try different types of businesses
Access to Support
The Government and other agencies provide support to new businesses
Market Access
You get access to a market that is large and growing.
Streamlined Regulation
Setting up your business becomes easier if you have this license
Government Recognition
The government provides you Official Endorsement
What are the Licensing Requirements for Entrepreneur License in Saudi Arabia?
To obtain an Entrepreneur License, you must follow the rules and meet the requirements set by the Ministry of Investment (MISA). Here’s what you need to know:
Business Plan
You must submit a detailed business plan. This must cover your business idea, goals, operations and how will your firm benefit the Saudi economy.
Projected Investment, Hiring and Revenue
For the next 12 months, you must share your expected spending (CapEx & OpEx in USD), how many people you will hire and your expected revenue. For the next 5 years, you must provide the same details each year.
Company Information
Company name and contact details
Your website (if applicable)
Country of origin and branch locations, if any
List of shareholders and their nationalities
Details of any venture capital or funding
Information if you are a part of an incubator or accelerator program
Details about any closed financing rounds
A brief of overview about your company and what makes it unique
Proof of Identity
Passport copies for foreign founders and national ID if its Saudi nationals.
Support Letter
A support letter is required from an approved incubator, accelerator, or venture capital program.
Financial Proof
You may have to submit bank statements or other documents that prove ytou have enough funds to start and run your business.
Legal and Age Requirements
You must be over 21 years of age.
Foreign investors might require a local sponsor or residency.
Compliance
Your business must comply with Saudi laws and the rules for your business activity.
Entrepreneur License can be obtained by both local and foreign entrepreneurs. By following these steps, you can ensure your application goes smoothly.
Entrepreneur License can be obtained by both local and foreign entrepreneurs. By following these steps, you can ensure your application goes smoothly.
Incorporate your business
How to start a business in Saudi Arabia in just 3 Steps!
Select your Plan
Make Payment
Sit back & Relax
That’s how easy it is to start a Business in Saudi Arabia with us!
Schedule Free Consultation with our Business Advisor
Our team of seasoned business setup specialists is ready to support you every step of the way. Schedule your FREE consultation call today and get clear answers to your most important questions.
- Which business structure best aligns with your goals?
- Which Saudi jurisdiction is the best fit for your business type?
- How can your business take advantage of Saudi Arabia’s tax benefits?
- What are the essential steps to ensure a successful business formation?
Frequently Asked Questions (FAQs)
If your question is not addressed here, please feel free to reach out to us. We value your inquiry.
What is an Entrepreneur License?
It is a license that allows you to lawfully start and operate a business in Saudi Arabia, especially for startups.
Who is eligible for an Entrepreneur License?
Saudi Arabian citizens and foreigners alike can obtain one if they meet the requirements.
How long does it take to get the license?
it depends but we’ll try our best to make it as quickly as possible.
What are the benefits of having an Entrepreneur License?
It legalizes your business, gives you access to get assistance and allows you to expand.
How can SetupZ help me?
We walk you through the entire process and we’ll make it as simple and quickly as possible