LLC Formation in Saudi Arabia: Documents You Need
To begin with, you need valid passports and ID copies of all shareholders. Additionally, a company name reservation certificate is essential. This confirms your business name is approved and not already taken. Next, you must submit the Articles of Association, which outline your company’s structure and activities.
Moreover, a clear business plan and proof of address in Saudi Arabia are also required. If one or more shareholders are foreign, a commercial registration from their home country may be needed. At the same time, a power of attorney is often necessary if you are using a business consultant or lawyer.
After preparing these documents, submit them to the Ministry of Commerce. Once approved, your company will receive its Commercial Registration (CR) certificate.
In conclusion, having the correct documents is key to a smooth LLC formation in Saudi Arabia. Therefore, always double-check the requirements and consult professionals when needed for a stress-free setup.
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