Your core business, Our Priority

Embark on your Joint Stock Company journey in KSA with assurance by choosing Helpline Group as your dedicated consultant. We streamline your market entry, enabling you to focus on your core business. Your success in Saudi Arabia is our primary commitment, and we’re here to support you every step of the way.

Procedure for setting up a joint stock company in KSA

• Securing MISA License: Secure the necessary license pertinent to your industry to ensure the lawful operation of your business.
• Choosing Your Business Name: Define your organization’s formal and unique identity, ensuring legal compliance and creating a solid brand presence.
• Legalizing Articles of Association: Validate the official acceptance of your Articles of Association to ensure their legitimate and authorized status.
• Completing Commercial Registration: Formally enroll your business to participate in lawful commercial endeavors.
• Listing with the Chamber of Commerce: It is mandatory to register with the Chamber of Commerce.
• Filing with the Ministry of Labor: Businesses in Saudi Arabia must register with the Ministry of Labor, ensuring compliance with employment laws.
• Issue General Manager’s Visa: GM needs swift approval for a residence permit and visa, with the MLSD managing essential labor documentation.
• Enrolling the National Address for Your Company: Establish an authorized business address for inclusion in government records.
• Listing with Qiwa portal – Human Resources & Social Development: Qiwa platform enhances Ministry of Human Resources & Social Development services, optimizing electronic solutions for the labor sector.
• Enrollment with Zakat, VAT & Corporate tax: Businesses in Saudi Arabia must register for tax compliance with the Zakat, VAT & Corporate tax.
• Company seal
• Listing with Muqeem portal: Muqeem streamlines residency data management, ensuring real-time coordination with Saudi authorities for efficient entry and exit processes.
• Filing with Absher portal: Access 279+ services for Saudi residents, from appointments to passport renewals, ID cards, driver’s license, and more—all in one convenient application.
• Enrollment with General Organization for Social Insurance: Enroll with the General Organization for Social Insurance for worker welfare.
• Establishing Your Business Bank Account: Establish an exclusive bank account for business-related financial transactions.

Additional requirements for a JSC

• Certain sectors like banking, insurance, and financial services necessitate the establishment of Joint Stock Companies (JSCs). These JSCs come in two variants: closed and unlisted JSCs, as well as public and listed JSCs.
• Public JSCs, specifically those listed on the Saudi Stock Exchange, are subjected to heightened scrutiny, with increased regulatory oversight, notably from the Capital Market Authority.
• A joint stock corporation must have at least two shareholders, and there are no restrictions on the number of directors. A closed JSC may have a single shareholder if it is government-affiliated.
• The JSC must hold an Annual General Meeting (AGM) six months following the conclusion of the fiscal year.
• For JSCs, it is required to keep a shareholder registry upon obtaining the business enrollment certificate and to issue share certificates to shareholders.

Why us?

With 25 years of experience, Helpline Group has solidified its standing as a trusted advisor for those seeking to establish a joint stock company in Saudi Arabia. Our extensive global presence, spanning across 10 strategically located branches worldwide, guarantees expert guidance through the complexities of Saudi business. Our steadfast dedication to top-tier services, coupled with a team of 300+ professionals, ensures a swift and precise setup for your JSC. We take immense pride in our comprehensive knowledge, providing a seamless and accurate route to establish your business presence in KSA.