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Professional license with Saudi shareholder

Professional License provides service to foreign companies wishing to practice professional activities in the Kingdom with a Saudi partner.

Documentations For professional partners:

  1. A copy of the commercial registration of the participating foreign establishment, authenticated by the Saudi Embassy.
  2. Financial statements of the last year of the applicant company and certified by the Saudi Embassy.
  3. A copy of the national identity if one of the partners is an individual person holds the nationality of one of the GCC, or a copy of the national identity if one of the partners is holding the Saudi nationality and a statement issued by “ABSHAR” System to prove the profession. And a copy of the professional license for each partner from the competent authority in the Kingdom.

For non-professional partners:

  1. A copy of the commercial registration of the shareholding partner certified by the Saudi Embassy and a copy of the national identity. If one of the partners is a natural person holding the nationality of one of the GCC countries (in case his data is not registered in the ABSHAR system).
  2. Financial statements of the last financial year of the applicant company and certified by the Saudi Embassy.

 

Rules and Restrictions

  1. The existence of a professionally licensed Saudi partner with a share not less than 25%.
  2. The non-Saudi professional company participating or contributing to the company. Should have a distinguished reputation in the field of the free profession.
  3. The non-Saudi professional company participating or contributing to the professional company should have one or more representatives.  Who has a license to practice the profession that replaces the activity of the professional company from the competent authority?  In the country of the non-Saudi professional company or his country, in every profession in which the company participates or contributes professional?
  4. The non-Saudi professional company provides expertise and technical knowledge to the professional company and train Saudis in it.
  5. Obtaining the approval of the competent authority in the Kingdom in cases where needed.
  6. In case that one of the partners was before licensed by the Ministry of Investment. It must be clarified when filling in the partner’s data while submitting the electronic application.
  7. The applicant must enter the data of the Saudi national identity / Premium residence/residence. If one of the partners holds any of them or the commercial registration data for the participating Saudi companies during the electronic application submission.

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