Al Suwaiket and Al Busaies is a leading law firm in providing foreign companies Set- up and formation and related corporate services in Kingdom of Saudi Arabia.
Service activities includes trading, real estate, agriculture information technologies, tourism, training, health, insurance and reinsurance, education, logistic services, catering, financial services, aviation services and freight forwarding... etc.
Includes the retail and wholesale, import and trade purposes.
There should be a Saudi partner of not less than 25% of the capital, the foreign partner ration should be not less than SR. 20.000.00/- Saudi Riyal of the capital as share, the company capital should not be less than SR. 26.666.667/- in figure of money amount.
An applicant must be a corporate body and form a limited liability company or joint stock company or foreign company branch in the Kingdom of Saudi Arabia to apply for a foreign investment license, the applicant should be classified in their country with the same activity and not less rating for the third degree or equivalent and should provide distinguished works done by the company previously in the field of activity which would like to invest in accompanied with the obtained certificates of achievements.
The real estate's value, in respect of the building and the land, should not be less than (30) million Saudi Riyals.
The real estate should not be invested within five years from the date it was processed.
The real estates should be out the boarders of Makkah and Madinah.
Industrial license includes all industrial activities such as heavy industries, light industries and conversional industry.