Learn how BMS Auditing assists businesses in securing Commercial Registration Certificates in Saudi Arabia, ensuring adherence to legal requirements and a smooth setup process.
Under Saudi Arabia's Vision 2030, there have been so many reforms aimed at fostering a business-friendly environment under the same roof, thus attractive to the local entrepreneurs as well as to the rest of the world. A liberalized legal framework paired with 100% foreign ownership of companies offers exciting opportunities for entities setting up their shop in Saudi Arabia.
Regardless of the type of legal entity, LBMS Auditing can help in this commercial registration procedure and ensure that your business adheres to all the regulatory measures.
What is Commercial Registration in Saudi Arabia?
Official business registration with the Ministry of Commerce (MoC) in Saudi Arabia is widely known as Commercial Registration. It is mandatory for companies wishing to operate in Saudi Arabia. A company requires a CR number in order to open bank accounts, enroll employees and sign contracts for routine business operations.
How to Get a Commercial Registration Certificate in Saudi Arabia
Obtaining a commercial registration certificate comprises a number of stages. BMS Auditing offers a hassle-free option to the process, outlined below:
- Obtain the Necessary Licenses
Your business must obtain licenses from the concerned authorities before starting the registration process. If your business falls within the investment scope, for instance, you would require a license from the Ministry of Investment Saudi Arabia (MISA).
- Registration with the Ministry of Commerce
You may then apply for a CR number at the Ministry of Commerce once you have the license(s). The registration application bears all important information about your business such as the name of the company, legal structure, business activities, and proof of capital. This is the point where you will present identification documents for the owners or shareholders.
- Articles of Association
Next, you should present the Articles of Association (AoA) of your company. This covers the structure of the company, ownership, management, and operational guidelines to ensure that your company is in accordance with Saudi laws.
- Pay the Registration Fees
The commercial registration process requires a fee, which is charged depending on the size and type of establishment. This fee is charged to obtain the official CR certificate.
- Receive Your Commercial Registration Certificate
After the necessary fees are paid, you receive a commercial registration certificate. The commercial registration certificate is significant because it gives your business a legal right to operate in Saudi Arabia.
- Other Registration
After acquiring your commercial registration certificate, and depending on your business activities, you may be required to register with other government bodies such as GAZT and GOSI.
How BMS Auditing Can Help You Register Your Business in Saudi Arabia
Partnering with us considerably simplifies the process of commercial registration for businesses looking to set up shop in Saudi Arabia. We ensure that all processes are very efficiently handled by our team of experts; all completely conversant with the legal regime and regulatory requirements.
Here's how we can help you:
- We help you choose a unique trade name and assist in the proper reservation of that trade name in the Ministry of Commerce.
- We prepare incorporation documents as, and when required
- Opening a corporate bank account and depositing the capital: We also help you open a corporate bank account to facilitate the depositing of the required capital.
- Filing of incorporation documents: Our experts ensure that the incorporation documents are properly filled and filed with the Saudi Companies Registrar.
- Business Licenses and Permits: We help you in the process of getting licenses and permits as per industry requirements.
- Registration with the Ministry of Commerce and MISA: The BMS Auditing team will ensure that all the registration processes of your business with the Ministry of Commerce and Ministry of Investment (MISA) are properly completed so that all the legal compliances are met.
Why Choose BMS Auditing?
Partnering with BMS Auditing is the ultimate hassle-free approach to business registration in Saudi Arabia. With years of experience and a team of seasoned professionals, we are the perfect partner in navigating the complexities of Saudi regulations.
Looking to maximize your business potential and invest in GCC’s largest economy? Call us today and begin the journey to unprecedented success!
