Organization : Saudi Arabian General Investment Authority
Facility : Apply for Instant License
Country : Saudi Arabia
Website : https://sagia.gov.sa/en/InvestorServices/Pages/Instant_License.aspx
SAGIA Apply for Instant License
We are pleased to inform you that investors now can apply for an “Immediate License”, which gives investors from around the world the opportunity of receiving SAGIA`s License via the internet within a 10 minute period.
Related : Saudi Arabian General Investment Authority Apply for Temporary Bidding Certificate : www.statusin.org/42163.html
Features
The features of this service are :
** This service is available all year long
** Requires only 10 minutes
** This service is available around the globe
Terms & Conditions
i. Your entity or one of its partners must be listed in the International or local stock markets.
ii. Your entity must have achieved at least one of the following financial and technical standards :
** The revenues for one of the shareholders or the parent company , according to the financial statement for the recent two years, exceeds 70 million SR or equivalent.
** The assets for one of the shareholders or the parent company , according to the financial statement for the recent two years , exceeds 100 million SR or equivalent.
** The net profit for one of the shareholders or the parent company , according to the financial statement for the recent two years , exceeds 50 million SR or equivalent.
** The entity applying for the license or one of their shareholders should own three regional branches outside of its country.
** The percentage of the entity’s export products in the home country reaches 50% or more.
** The size of the workforce for the entity is equivalent to ten thousand employees or more.
** The entity applying for the license or one of their shareholders owns a patent of an invention related to the activity for which the entity is applying.
Frequently Asked Questions
1. Will this type of facility be serviced only or will there be addition to other types in the future?
Currently, these facilities will only be serviced during this initial stage. In the future, the expansion will be extended to serve segments and other categories of facilities.
2. Where are the business centers located and in which cities?
Please see all the sites on this page
3. For the Saudi investor, what distinguishes this center?
** The presence of all government agencies above in one center, which facilitates the process of completion and termination of the procedures during one visit
** Provide a package of services for different types of installations
** Fast transaction termination and easy access to information
4. What are the services provided by the business centers to the Saudi investor?
** Consulting services related to the establishment of companies and the issuance of necessary licenses and commercial register
** Provide some relevant government services
** Responding to inquiries regarding investor services
5. What is the method of obtaining an appointment to attend business centers?
You can get an appointment by e-services on the KIA website.