How%20to%20Expand%20into%20Saudi%20Hero_

How to Expand into Saudi Arabia

Find all the information and requirements you’ll need to expand your business into Saudi Arabia. There are 3 main stages to setting up a legal entity in Saudi including 16 steps to complete the full process. AstroLabs acts on your behalf to navigate this complex and time-consuming process, managing third parties and ensuring you are aligned with all requirements needed to help your company expand into the Kingdom quickly and seamlessly. 

Stage 1 :

Foundations of the Legal Entity

This stage is the prerequisite to any of the following stages. It provides your foreign company permission to own a business in Saudi Arabia, through the MISA investment license, and to gain legal registration of that business through Commercial Registration. 

 
Optimized-STAGE%201(mobile)_edited.jpg

GM Visa Transfer to Iqama (Residency)


The GM Working Visa is a one-time entry to KSA that will at this stage be transferred to an Iqama (Residence Permit). The local employer applies and secures the work permit and Iqama so that the employee can legally work and live in KSA. The employer is considered the local sponsor. An Iqama is issued to expatriates who arrive in KSA with a work visa. The term of employment is limited to the amount of time listed on the work permit. This is currently set at one year for work at private companies, but there is an option to renew the permit after one year. More information on residency permits. The Iqama card is the essential ID for expats working in Saudi Arabia. It is also known as a Muqeem card and is the most important document you will have in the kingdom, without it you will not be able to live or work in the country. Once you have your Muqeem card, the company will add you to their Muqeem portal which enables re-entry visas to be issued and the renewal of residence permits.




Opening a Bank Account


This is the final step of the process. After gathering all the required documents, the process of opening a bank account is initiated. Each bank is different in terms of speed and customer service. Standard requirements from the banks:

  • AoA of the parent company
  • A document authorizing the GM to open and manage the bank account (if not mentioned already as an authority in the AoA of the local company)
  • The AoA of the local company
  • ID copy of the GM
  • Some banks require an in-person visit to the local company’s office
  • Some standard forms and applications from the bank





 

In order for your legal entity to be authorized to hire people, there are certain steps that must be taken such as registration with the Ministry of Labor (MoL), and the General Organization of Social Insurance (GOSI). This stage would also allow your General Manager (GM) to have a one-time GM visa issued, allowing them to travel to KSA.

Stage 2 :

Authorization to Hire Staff

Optimized-STAGE%202%20(mobile)_edited.jp

在哪裡上課?


上課地點是Flair Iron調酒工作室,我們位於大角咀福星工廠大廈4樓C室。可到「聯絡我們」頁面找到地圖及附近交通工具指引。




我參加More Than Tasting品酒興趣班會達到甚麼程度的調酒技能?


More Than Tasting品酒興趣班顧名思義是為了喜愛品酒及運用烈酒製作成為雞尾酒技巧上的理解課堂。 當中會學到根據品酒表上的風味理解多款Craft Gin或Whisky的個性,讓你認識術語及詞彙形容味道。此個還有簡單雞尾酒親手製作。理應可達到於一些飲酒場合中分享你的品酒經驗,及在家裡自行調制一些簡單雞尾酒飲品。 如果你是追求更深入知識,例如烈酒製造原理,調酒歷史及風格,全能Mixology & Bartending調酒術概念。或你是打算投身調酒師行業,開舖做老闆,可考慮更進階的 CMB一對一調酒課程,由調酒師Ken及Jac親自授課。




五堂制是甚麼意思?


單堂制相信很容易理解,就是付一堂價錢參與一節More Than Tasting品酒興趣班。 而五堂制則是一次過付交五堂費用而獲得一個較優惠價錢,More Than Tasting品酒興趣班一共有五個環節,包括Craft Gin,Scotch SWhisky,Rare Gin,Islay Single Malk Whisky及Japanese Whisky,你可預先選擇三個月的星期六完成這五節課堂。但留意如過了三個月期限或曾經請假,課堂並不會補上喔。 而優惠是開班前7日完成付款




如我有一大班朋友或同事,要多少位才可以包班?


More Than Tasting品酒興趣班設有包班,如你的人數達到最少八位或以上,可以跟我們Whatsapp聯絡,並可彈性安排你需要的日期和時間。 如果是公司活動,人數達到最少十五或以上,我們可以外出去到你的公司進行亦可!




我學完了可怎樣延續調酒這門興趣?


你可以嘗試更多在家或與朋友聚會時大顯身手! FLAIR IRON YOUTUBE CHANNEL上載過百段雞尾酒教學可給你持續玩樂。 www.youtube.com/flairironhk 而材料及工具方面可於我們FLAIR IRON STORE一站式調酒工具及材料網購並送到府上! shop.flairiron.com 當然你亦可以考慮更深入了解調酒技術的 CMB一對一調酒課程





 

Stage 3 :

Acquiring Residency and Opening a Bank Account

This is the last stage of the process that will allow your General Manager to become a resident of Saudi Arabia. This includes all the required steps from completing a health check, acquiring health insurance, Muqeem registration, and the issuance of residency. Upon the completion of this stage, the GM can then start the process of opening a bank account for the company. 

GM Visa Transfer to Iqama (Residency)


The GM Working Visa is a one-time entry to KSA that will at this stage be transferred to an Iqama (Residence Permit). The local employer applies and secures the work permit and Iqama so that the employee can legally work and live in KSA. The employer is considered the local sponsor. An Iqama is issued to expatriates who arrive in KSA with a work visa. The term of employment is limited to the amount of time listed on the work permit. This is currently set at one year for work at private companies, but there is an option to renew the permit after one year. More information on residency permits. The Iqama card is the essential ID for expats working in Saudi Arabia. It is also known as a Muqeem card and is the most important document you will have in the kingdom, without it you will not be able to live or work in the country. Once you have your Muqeem card, the company will add you to their Muqeem portal which enables re-entry visas to be issued and the renewal of residence permits.




Opening a Bank Account


This is the final step of the process. After gathering all the required documents, the process of opening a bank account is initiated. Each bank is different in terms of speed and customer service. Standard requirements from the banks:

  • AoA of the parent company
  • A document authorizing the GM to open and manage the bank account (if not mentioned already as an authority in the AoA of the local company)
  • The AoA of the local company
  • ID copy of the GM
  • Some banks require an in-person visit to the local company’s office
  • Some standard forms and applications from the bank





Get in touch with us for more information.

One of our specialized team members will be in contact to assist you.