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- #Establishing a project office full
- #Establishing a project office registration
- #Establishing a project office license
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its activities are limited to the licensed objects approved by SAGIA.Saudi-owned entities, or entities involving substantial Saudi participation, are likely to be preferred for government contracts.The main disadvantages of a Permanent Branch are: it may promote and solicit approved business throughout KSA.it can engage in projects in both the public and private sector (in accordance with approved objects).
#Establishing a project office full
it can have the full range of activities.no new articles of association are needed.the formation process is generally similar to that of a limited liability company.depending on the circumstances, it may be the quickest to establish.The main advantages of a Permanent Branch are: This would generally satisfy SAGIA’s initial requirements. The minimum start-up capital would commonly be approximately SAR 500,000.
#Establishing a project office license
In all cases, the selected establishment will require a foreign investment license from the Saudi Arabian General Investment Authority (SAGIA) and possibly other specific regulatory approvals.Ī Permanent Branch is a conventional branch which would be considered as an extension of the parent office.
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#Establishing a project office registration
This Article also comments on Temporary Commercial Registration which may be a possible structure in the context of government contracts.