SAGIA Instant License – Obtain your Investment License Within 10 Minutes
The Saudi Arabian General Investment Authority (SAGIA) continues to work on its procedures to facilitate the process of investing in Saudi Arabia. SAGIA has made it possible for foreign investors, wherever they are in the world, to receive their license immediately, online. The license is issued within 10 minutes; the service is accessible around the world, and during the entire year.
There are, of course, terms and conditions that must be fulfilled before the Instant License can be issued. First, the company, or one of its affiliates, must be listed on an international or local stock market. Second, the company must have achieved at least one of the following standards:
- In the previous two years, the parent company or an affiliate must have revenues in excess of 70 million SR, or the equivalent, assets in excess of 100 million SR, or equivalent; and net profit in excess of 50 million SR, or equivalent.
- The company, or one of its affiliates, should have three regional branches outside their home country.
- The percentage of the company’s products exported in its home country must be 50% or more.
- The size of the company’s workforce should be equivalent to ten thousand employees, or more.
- The company or one of its affiliates should own a patent of an invention related to the activity for which they are applying.
The Instant License is a timesaver for investors. It gives many business owners who aspire to invest in Saudi Arabia a shortcut to establishing their business in Saudi Arabia. For further information about the Instant License or related services, contact T&S.
