The requirement for minimum

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Despite all the privileges and benefits, relocating to Saudi Arabia and registering a company is still an expensive pleasure for a young foreign startup.

As for duties and fees, the most significant of them is china telegram database the fee for a business license from the Ministry of Investment of Saudi Arabia (MISA), the cost of which starts from 12 thousand Saudi riyals or approximately $3,200.

In addition, to obtain it, it is necessary to provide a business plan and proof of the company's financial solvency: authorized capital for LLCs was canceled several years ago, but it is recommended to reserve at least 25 thousand in local currency, which is equal to $6,600, in accounts for a company in the service sector.

For a long time, registration fees were higher and the kingdom remained a difficult environment to do business in. However, in recent years, startups have begun to explore the local market, and I think we will soon be able to list many success stories of tech founders in the Saudi Arabian market.



Conclusions
For a startup considering Saudi Arabia as a landing spot, it is important to understand key aspects of the local business climate and use them to your advantage.