Company Formation KSA Details(MISA/SAGIA)

(Ministry of Investment Saudi Arabia (formally SAGIA -Saidia Arabia General Investment Authorities)) 

Required documents for Company Formation

(Under MISA/SAGIA) 

Important & minimum document required for company formation in MISA/SAGIA

Following listed Document required for company registration under MISA/SAGIA

Foreign company requirement

Minimum 7 documents will Major and  now a days they are not looking for other but still there  requirement and all documents should be authorized translated in Arabic and all documents should be attested from concern ministry as well as MOFA (Ministry of foreign Affairs)  and Saudi Embassy/consulate office of same county.

1. Proof of existence of the company for at least 3 years old company anywhere in the world

2. Minimum 1-2 years financial should be audited by registered office

3. Board of resolution to open new branch in ksa 

4. Company incorporation certificate

5. Valid chamber of commerce membership for a minimum of one year

6. Authorized Director passport copy self attested

7. POA means power of attorney for our office person name

Initial Costing for Registration for MISA License

The initial costs associated with registering a foreign company in the Kingdom of Saudi Arabia (KSA) under the Ministry of Investment (MISA), formerly known as the Saudi Arabia General Investment Authority (SAGIA).

Yearly License

The yearly license, which allows a foreign company to establish commercial registration in KSA, typically costs SR 60,000. Additionally, a MISA service charge of SR 2,000 applies, bringing the total to SR 62,000 per year. 

However, MISA is currently offering a special establishment discount for the first year, reducing the cost to SR 50,000.

Commercial Registration(CR) and Chamber of Commerce(CC)

The combined cost for Commercial Registration (CR) and Chamber of Commerce (CC) is approximately SR 5,000 per year.

Additional Registrations

Additional registrations, such as office registration in the municipality, address registration, labor registration, and employee salary transfer registration, will cost a lump sum of SR 15,000 per year.

Consultancy Charge

The one-time consultancy charge ranges from SR 50,000 to SR 100,000. We recommend a consultancy company that has been providing us with services since 2008. Despite their charge of SR 80,000, they are a good fit for us due to our long-standing relationship & normally they are charging SR 40,000 means 50% discount.

Other Costs

Other costs, such as office setup, will depend on various factors and will be calculated accordingly.

Conclusion

In summary, the total cost for the first year will exceed SR 100,000. This estimate includes the discounted MISA license, CR and CC fees, additional registrations, and consultancy charges & almost same amount every year, since 1st year MISA discount will goes to consultancy fees.

Template - POA (Power of Athourities) for MISA License

(POA should be English & Arabic) 

We, Mr......................partner/CEO/Chairman of M/S ABC Company , of ABC Country nationality with commercial register No. 14832 and License No.877106 issued on 04/02/2020 in ABC Country hereby appoint as attorney Mr. ...........collectively or severally Mohammad xxxxxxxxxx Qahtani, Saudi Arabia national and holding nation ID No. 1060xxxxxx expire date 10/05/1453 and Mohammad Shakil Indian national and holding Indian passport no. Z2168404 expire 08/09/2025 and assign and delegate to others.

in the matter of M/S ABC Company , to establish companies – sign articles of association and amendment appendixes – sign partners resolutions – appoint and discharge directors – amend management term - entry and exit of partners – enter into existing companies – increase capital – decrease capital – limit capital – receive allocation surplus - buy shares and stocks and pay the price – sell shares and stocks and receive the value  profits – sell company branch – modify the nationality of a shareholder in the articles of association assign shares and stocks of pls place Arabic Text.

the capital – accept assignment of shares, stocks and capital – transfer shares, stocks and bonds – modify purposes of the company - open and operate bank accounts in the name of the company  – execute agreements – amend name of the company - close accounts with banks in the name of the company – amend items of articles of incorporation or amendment appendixes - register the company – register agencies and trademarks – assign or cancel trademarks - attend public assemblies - open files for the companies – open branches for the company – liquidate the company – transform the company from joint-stock into limited liability – transform the company from limited liability into joint-stock – transform 

the company from partnership into limited liability –cancel articles of incorporation and amendment appendixes - sign articles of association and amendment appendixes before the notary public – extract commercial registers and renew them for the company – subscription in the chamber of commerce and renewal of the same – refer to Department of Quality and Saudi Standards, Metrology and Quality – extract licenses for the company and renewal of the same – transform the company branch into an enterprise - refer to telecommunication companies and establish landline phones and mobile phones in the name of the company – refer to Ministry of investment and Ministry of commerce, ministry of justice (notary public) and sign in front of them on all types of contracts, power of attorney, addendums – refer to all government authorities and represent the company before them - enter into tenders and receive forms – sign contracts between the company and third parties - publish articles of association, amendment appendices and their abstracts and bylaws in the official journal – change the legal entity of the company – transform the company from limited partnership into limited liability company – transform the company into an establishment - refer to all relevant authorities and finalize all necessary procedures and sign required documents in this regard.

in the matter of commercial register No. 14832 and License No.877106  to refer to Directorate of registers, issue registers – renew registers – transfer commercial  registers - registration of trademarks – assign trademarks - manage my business works – supervise registers – modify registers –open branches for registers – Refer to the General Organization for Social Insurance – refer to the General Authority of Zakat & Tax - refer to all relevant authorities and finalize all necessary procedures and sign required documents in this regard.

In the matter of M/S ABC Company ,  and Private Establishments refer to Ministry of Commerce– refer to the 

notary public – Directorate of trademarks regarding grant of the use of trademark – 

The attorney is hereby granted the right to authorize others with some or all the above powers.

Details

SETUP OF A MANUFACTURING UNIT IN KSA

1. Indian/Any place of world Registered Company

2. Company need attestation and stamping from Chamber of Commerce

3. Company to be registered in MISA (KSA) for Commercial Registration (CR) &  incorporation Certificate.

For CR we require Office and Land on Lease for Manufacturing Unit.

4. If we get Industrial Land from Government Institution (MODON) for Long   Lease of 50 yrs. Rates will be 1 SR / per Sq. Mtr.

 Since its an Government inviting foreign companies to do setup in KSA (make in KSA) & 

Its Government Priority to go for Local product (mostly 40% KSA product)

5. Setup of Manufacturing Unit

6. Manpower Hire will be 10% local 90% Foreiger (Mix)

7.  Iqama/ID Card fees 100 SR / Annually for 5 years instead of lumsum SR 12,000/year(Normal Iqama/ID Card)

8. Govt. VAT is 15% (for manufacturing unit it comes to 5%) & Get the benefit of 10%  With putting up manufacturing Unit otherwise VAT is 15%.

Without putting up manufacturing Unit.

1. Generally required to Hire 30% local Saudi 70% Foreigner (Mix) 

2. Iqama/ID Card Fees 12000 SR / Annually for normal but on manufacturing license will get special discount for 5 years & only SR 100/year.

3. For Local Saudi Govt. Minimum Payment wages are fixed Ex. Minimum 4000 SR for PRO (public relation officer- only local or saudi national) Minimum 7000 SR Like Data Entry

 4. Rates for Land Lease in KSA is Approx. SR 300,000 annually for 2000 sq. mtr.

 We can cover complete GCC Countries & We have very good relation with Bahrain, Oman, UAE, Jordan.

Saudi government and the Ministry of Investment provide several benefits and promotional facilities for foreign companies.

The Saudi government and the Ministry of Investment provide several benefits and promotional facilities for foreign companies, including those in the medicine manufacturing sector, who wish to set up a unit in Saudi Arabia under Vision 2030. Here are some of the key incentives:

Loan Programs: Financing for public/private investment projects offering reduced interest rates, a grace period of 4-6 years, and long-term loans extended to 22-25 years.

Special Incentives: These are offered to foreign-affiliated enterprises and international companies wishing to create offices in the Kingdom. The aim is to promote clustering activities, ensure knowledge transfer, and accelerate the development of skills and competencies within the Kingdom.

Employment Support Program: The Tamheer program offers on-the-job training programs for Saudi graduates, including financial support of SAR 3,000 ($800) per month during the 3 to 6 months of training with occupational hazard insurance.

Export Credit Financing, Guarantee, and Insurance: Saudi Arabia offers incentives for pre-export financing to Saudi exporters’ buyers and post-shipment financing to international buyers of Saudi goods.

Financial Incentives for R&D: Investment in selected local and international R&D projects with potential to boost the country’s economic growth and self-reliance.

Saudi Industrial Development Fund (SIDF): Offers up to SR1.2 billion (US$320 million)-worth of medium to long-term loans for the establishment or upgrade of manufacturing facilities in Saudi Arabia. SIDF also provides financial, administrative, technological, and marketing advice to industrial firms.

Made in Saudi Program: Benefit from various programs such as Afaq

Local Production and Technology Transfer: Under Vision 2030, Saudi Arabia is prioritizing local production, technology transfer, conducting clinical trials locally, and the training of the Saudi labor force1. This means the government wants companies to invest in Saudi Arabia versus exporting to it.

Foreign Pharmaceutical Manufacturers: Foreign pharmaceutical manufacturers are being actively encouraged to establish plants in Saudi Arabia through public-private partnerships and joint ventures with national entities. Incentives are being offered in the form of preferential treatment in future volume tenders.

Distribution and Sales: As an additional incentive, foreign-owned manufacturers within Saudi Arabia are able to distribute and sell pharmaceuticals within the country whereas all imported pharmaceuticals can only be distributed through a Saudi distributor.

Infrastructure Improvements: With financial incentives, regulatory improvements, and infrastructure improvements, the Kingdom is drawing more foreign investment in the sector. With initiatives under ‘Vision 2030’, the nation is now aiming to increase domestic pharmaceutical manufacturing and shift pharmaceutical imports to domestic manufacturing.

Tax Incentives for Local Production: Foreign pharmaceutical manufacturers that boost domestic production can negotiate with the National Unified Procurement Company (NUPCO) for higher drug prices. This could potentially offset some of the tax burdens.

Distribution and Sales Tax Benefits: Foreign-owned manufacturers within Saudi Arabia are able to distribute and sell pharmaceuticals within the country. This is a significant tax benefit as all imported pharmaceuticals can only be distributed through a Saudi distributor.

Company Overview,Introduction & Vision 2030

Nawazinda Total Technologies Limited (NTT)

(Novel,Nedistha,New Tech & New Tower (NTT) also under Nawazinda Groups).  

• Heritage: Originating as Electronics Enterprises in India, NTT has evolved, relocating its headquarters to London, UK, and embracing a legacy of innovation in technology.

• Global Operations: Currently, we have a presence in 22 countries, engaging in diverse sectors including telecom technology, renewable energy, and AI solutions.

NTT Groups is a distinguished global conglomerate renowned for its robust reputation and extensive international business networks. With a history spanning over 33 years global presence & 16 years+ Saudi Arabia presence with elite clientele.

Vendor Relationships

NTT Groups maintains strong and strategic partnerships with several top-tier vendors, crucial for securing large-scale projects internationally. These relationships not only enhance our project delivery capabilities but also ensure we stay at the forefront of industry developments:

• Key Vendors:

  • Aramco

  • Saudi Electricity Company (SEC)

  • Saudi Telecom Company (STC)

  • Mobily

  • Integrated Telecom Company (ITC)

  • Bayanat Al-Oula (BTC)

  • Nokia

  • Ericsson

  • Al Saif Group

  • Bin Laden Group

  • NESMA

These partnerships are essential in positioning NTT Groups advantageously in markets where multi-billion USD projects are often initiated, offering substantial opportunities for growth and expansion.

Diverse Business Domains

NTT Groups has a significant presence in numerous sectors, each contributing to our robust portfolio:

• Construction and Telecom: Specializing in both general and telecom-specific construction projects.

• Information Technology and E-commerce: Developing cutting-edge IT solutions and dynamic e-commerce platforms.

• Facilities and Real Estate Management: Engaging in comprehensive facilities management and real estate rental and development.

• Business Networking: Facilitating connections and growth opportunities through extensive business networking.

• Education and Training: Offering educational and training services to foster skill development.

• Healthcare: Providing innovative healthcare solutions and services.

• Digital Applications and Web Portals: Managing a suite of applications and portals designed to enhance user engagement and service delivery.

• Green Energy and Project Management Office (PMO): Leading initiatives in sustainable energy and project management.

• Business Consultancy: Delivering expert consultancy services across various sectors.

Manufacturing and Industrial Associations

We maintain associations with manufacturing industries, including:

• Sugar Production: Contributing to the sugar industry with efficient production methods.

• HDPE Pipe Manufacturing: Producing high-density polyethylene pipes for various applications.

• Construction Tools Manufacturing: Offering a range of tools essential for construction activities.

Proprietary Applications and Business Leadership

Innovation and Networking

NTT Groups has made significant strides in technology and business networking:

• Proprietary Applications: The management of 15 proprietary applications spans across 12 distinct business domains, demonstrating NTT’s commitment to innovation and technological advancement.

• WBG World Business Groups:

  • Establishment: Founded in 2011 in the UK, WBG has rapidly expanded its footprint globally.

  • Growth: By 2012, WBG had expanded into Poland and Canada, followed by a significant presence in the Middle East and India by 2014.

  • Network: Today, WBG boasts a prestigious network of over 2000 elite members from 65 countries.

  • Specialized Platforms: WBG operates 33 specialized platforms and divisions, enhancing its capacity to foster global activities and partnerships.

Strategic Vision for IT and Technology

Our extensive experience and broad industry presence position NTT Groups ideally for further expansion into IT and technology-related fields. We aim to leverage our historical strengths to innovate and lead in these areas, continuing our tradition of excellence and transformative impact on global markets.

NTT Groups Vision 2030

Future Aspirations and Leadership

• WBG’s 2030 Vision: WBG aspires to extend its reach to 190 countries, aiming to include 1 million members and diversify into 40 specialized divisions, thus broadening its influence and operational scope significantly.

• AI and Technology Initiatives: In collaboration with Vivid Verse Global (VVG), NTT Groups is focusing on expanding its AI and technology division, 

• Global Registration of VVG: Vivid Verse Global is officially registered across multiple key global markets including the UK, USA, and India.

• Revenue Goal: Targeting $ 300 million in annual revenue by 2030 

• Financial Performance: Projecting a net profit margin of 15-18% and a threefold increase in market capitalization post-IPO

2030: Going to apply & open IPO to establish NTT as a frontrun