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Middle East & Africa

Tech Saudi Advocates

Riyadh, Saudi Arabia|Est. 2022

Vision 2030 tech transformation

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Launch Pad

Launching in Saudi Arabia

A launch guide from Tech Saudi Advocates for starting a business in Saudi Arabia. It covers market research, MISA registration and the Foreign Investment Law, funding routes, tax and zakat, and visas, then moves on to business setup, choosing between Riyadh, Jeddah and NEOM, hiring, cultural expectations and the government incentive programmes tied to Vision 2030.

Key sectors
TechnologyTourismRenewable EnergyHealthcare
  1. 01
    Market research and planning

    Saudi Arabia's economy is rapidly diversifying, offering significant opportunities across sectors like technology, tourism, renewable energy and healthcare. Before you start, research your target market thoroughly and identify the niche that aligns with your business goals. Invest Saudi is the official platform for investment opportunities and incentives.

    investsaudi.sa
  2. 02
    Legal compliance

    You will need to register your company with the Ministry of Investment (MISA) and comply with labor laws and regulations. Submit documents, register your business entity and obtain the necessary licenses through MISA. Businesses owned by non-Saudi nationals must adhere to the Foreign Investment Law.

  3. 03
    Funding options

    Saudi Arabia offers government-backed funding such as the Saudi Industrial Development Fund (SIDF), private venture capital firms, and angel investment networks like the Wa'ed Startup Ecosystem by Saudi Aramco.

    waed.net
  4. 04
    Taxation

    Familiarize yourself with Saudi Arabia's tax regulations, including corporate income tax, value-added tax (VAT), and zakat (a religious wealth tax applied to Saudi-owned businesses). Consulting a local tax advisor is highly recommended.

    zatca.gov.sa
  5. 05
    Visas and residency

    Investors and their employees can obtain work visas through initiatives like the Premium Residency Program, also known as the Saudi Green Card.

    saprc.gov.sa