Best New Business Formation Lawyers in Jeddah

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Trabulsi & Co.

Trabulsi & Co.

Jeddah, Saudi Arabia

Founded in 2015
12 people in their team
Trabulsi & Co. is a KSA (Riyadh-Jeddah) based Law Firm providing high-quality services that rise to international standards while...
Arabic
English
Etqan Lawfirm

Etqan Lawfirm

Jeddah, Saudi Arabia

Founded in 2000
50 people in their team
ABOUT USThe Company's MissionIn Itqan, we are keen to create and work creatively, in addition to being qualified scientifically and professionally....
Arabic
English
The Law Firm Of Majed M Garoub

The Law Firm Of Majed M Garoub

Jeddah, Saudi Arabia

Founded in 1995
50 people in their team
ABOUT USThe firm was established in Jeddah city in 1995 and has expanded its business by opening a branch in Riyadh in 2000.The firm has wide...
Arabic
English
Nazieh Moussa Law Firm

Nazieh Moussa Law Firm

Jeddah, Saudi Arabia

Founded in 1995
50 people in their team
Nazieh A. Moussa Law Firm was founded in Jeddah, Saudi Arabia, in 1995. We have lawyers practicing in different areas of law. Our firm has become...
Arabic
English
Al-Suraihi and Associates

Al-Suraihi and Associates

Jeddah, Saudi Arabia

Founded in 2008
50 people in their team
We at Al-Suraihi and Associates have a unique approach to problem-solving and strategy mapping. We regard our clients as our top priority, evident in...
Arabic
English
Bin Afif Law

Bin Afif Law

Jeddah, Saudi Arabia

Founded in 2015
50 people in their team
Mohammed Bin Afif Law Firm is one of the leading offices in the legal profession in the Kingdom of Saudi Arabia, and one of the offices accredited by...
Arabic
English
Z&Co.

Z&Co.

Jeddah, Saudi Arabia

Founded in 2016
50 people in their team
Z&Co. is a national Saudi law firm that is able to offer clients a unique full-service offering that covers regulatory; commercial in-house...
Arabic
English
Abdulaziz Alajlan & Partners

Abdulaziz Alajlan & Partners

Jeddah, Saudi Arabia

Founded in 1998
50 people in their team
Abdulaziz Alajlan & Partners is a Saudi Arabian law firm established in July 1998, and is staffed to provide expertise to clients on a wide range...
Arabic
English
TOBAN LAW FIRM

TOBAN LAW FIRM

Jeddah, Saudi Arabia

Founded in 1979
50 people in their team
About Us :As business activities surge and take on a variety of forms, dealings become increasingly complex and require more regulating lands. And as...
Arabic
English
Azzam Faisal Khogah Lawyers and Consultants

Azzam Faisal Khogah Lawyers and Consultants

Jeddah, Saudi Arabia

Founded in 1994
200 people in their team
Who We Are?Founded In 1994, Azzam Khouj law firm has become a globally recognized business law firm that includes many outstanding lawyers and...
Arabic
English
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About New Business Formation Law in Jeddah, Saudi Arabia

In Jeddah, Saudi Arabia, new business formation is guided by the Companies Law, enacted by Royal Decree M/6, and overseen by the Ministry of Commerce. This law applies to all company types, including limited liability, joint venture, and joint stock companies. In recent years, Saudi Arabia has enacted several initiatives to stimulate the business sector and encourage entrepreneurship, making it easier for both Saudi nationals and foreigners to set up businesses.

Why You May Need a Lawyer

While new business formation processes in Saudi Arabia have been simplified, a level of complexity still remains. There are legal requirements and regulations to adhere to, paperwork to be processed, and licenses to be obtained. Misunderstandings or missteps in these stages can lead to legal challenges and business disruptions. A lawyer can help navigate these intricacies, ensure compliance with all the local laws and regulations, guide you through the required procedures properly, and assist in clarifying your rights and responsibilities as a business owner.

Local Laws Overview

The main statute regulating companies in Saudi Arabia is the Companies Law. It requires that every company has certain business permits and licenses which vary depending on the nature of the business. Each type of company has a required minimum capital and there are regulations on the percentage of shares that can be owned by foreigners. In addition, there are certain trading activities that are restricted to Saudi nationals. Lastly, all companies must be registered with the Saudi Arabian General Investment Authority (SAGIA), the Ministry of Commerce and Industry, and the Chamber of Commerce and Industry in their respective city.

Frequently Asked Questions

1. Can a foreigner start a business in Jeddah, Saudi Arabia?

Yes, foreigners are allowed to start a business in Jeddah, with some restrictions on the type of business and the percentage of ownership depending on specific business categories.

2. What type of business entity is most commonly formed in Jeddah?

The Limited Liability Company (LLC) is the most common form of business entity in Jeddah due to the minimal liability it offers to the company's shareholders.

3. How quickly can I set up my business in Jeddah, Saudi Arabia?

With the right legal advice and prepared documentation, forming a new business entity in Jeddah can take around 2-3 weeks.

4. Are there specific sectors in which businesses can't be formed in Jeddah?

Yes, there are certain sectors that are restricted to Saudi nationals. These include media, recruitment, and distribution services.

5. Do I need local partners to set up a business in Jeddah?

Not necessarily. While some business types and industries do require Saudi partnership, it's not a universal requirement across all sectors.

Additional Resources

The Ministry of Commerce's website provides valuable resources and updated information for new business formations in Saudi Arabia. You can also refer to the Saudi Arabian General Investment Authority (SAGIA) and your city's respective Chamber of Commerce for additional guidance.

Next Steps

If you need legal assistance in New Business Formation in Jeddah, Saudi Arabia, start by identifying a skilled and experienced lawyer in this field. Be prepared to discuss your business plans and expectations. From there, your chosen lawyer can guide you through the process, from securing necessary permits to making sure you're in compliance with all the laws.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.