To run a business in Saudi Arabia, you will need to register with the Ministry of Labour and Social Development (MLSD). You must also register with the General Organisation of Social Insurance (GOSI) so that you can pay the taxes that you owe the government. If you want to do business in Saudi Arabia, you must do these two things.
Without these two steps, no one can do business. The best Setting up a business in Saudi Arabia place to register is the Department of Labour and Social Development. There, you will be able to ask about requirements for opening a business.
You must fill out forms and provide evidence that you have the documents you need to do business. The cost of registering depends on the type of business. The registration can take a few days. However, it can take weeks if you have a complex form.
After you have done the paperwork, you will need to register with the Social Insurance Organisation (GOSI). They must verify that you have the right documents to do business. The process can take from two to five months.
This is because the Ministry of Social Affairs takes some time to verify that you are registered. There is an annual fee of SR 3000 per person to register. You may need to pay for a special tax to register. This tax is usually called ‘Kafala’ and it is compulsory for every Saudi citizen.