Best New Business Formation Lawyers in Riyadh

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Sahal Law Firm

Sahal Law Firm

15 minutes Free Consultation
Riyadh, Saudi Arabia

Founded in 2015
53 people in their team
English
Arabic
Business New Business Formation Legal Document +4 more
Sahal Law Firm - Riyadh, Saudi ArabiaSahal Law Firm is a premier Saudi law firm in Riyadh providing bilingual (Arabic / English) counsel to local and international clients. we deliver end-to-end solutions in mergers & acquisitions (M&A), SAMA fintech licensing, corporate and commercial law,...
AsrLawGroup LLC  اتحاد العصر للمحاماة والاستشارات
Riyadh, Saudi Arabia

Founded in 2012
25 people in their team
Arabic
English
Business New Business Formation Board of Investment (BOI) +8 more
AsrLawGroup - Saudi Arabia | Full Services Law Firm in Saudi ArabiaStart Confidently. Protect What Matters.A Full-Service Law FirmAt ASRLAWGROUP LLC, we offer a comprehensive suite of legal services covering all areas of law, catering to both individuals and businesses alike. We believe that legal...
Trabulsi & Co.
Riyadh, Saudi Arabia

Founded in 2015
12 people in their team
Arabic
English
Business New Business Formation Employer +4 more
Trabulsi & Co. is a KSA (Riyadh-Jeddah) based Law Firm providing high-quality services that rise to international standards while maintaining our national values. Specializing in litigation, corporate advisory, and legal project management we provide services directed to both local and...
Dr. Mohammed Alhashem law firm
Riyadh, Saudi Arabia

Founded in 2022
9 people in their team
Arabic
English
Business New Business Formation Accounting & Auditing +9 more
Top-Tier Legal Services in Saudi Arabia | Dr. Mohammed Alhashem Law FirmLeading Legal Excellence in Saudi ArabiaAt Dr. Mohammed Alhashem Law Firm, we are committed to delivering world-class legal services rooted in deep local insight and global best practices. Based in Riyadh, Saudi Arabia, our...
Younes & Associates
Riyadh, Saudi Arabia

Founded in 1987
10 people in their team
Arabic
English
French
Business New Business Formation Accounting & Auditing +8 more
HistoryEstablished in 1987 by distinguished legal minds, Mohammed Al Jarbou & Boutros Younes, our law firm has proudly navigated over three decades in the region's legal arena. The strength of their expertise has cemented our reputation as a dependable beacon for both corporate entities and...
Tasheel Law Firm
Riyadh, Saudi Arabia

Founded in 2009
20 people in their team
Arabic
English
Business New Business Formation Employer +4 more
We are one of the leading Law firms in Saudi Arabia. As one of the best law firms in the Middle-east, we have significant reach across the region and serve clients from all around the world.The Tasheel Law Firm (TLF) is a full-service law firm that offers the following legal services, among...
Abdulaziz Alajlan & Partners
Riyadh, Saudi Arabia

Founded in 1998
50 people in their team
Arabic
English
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 of legal matters including:Corporate and commercial advice including mergers and acquisitions, foreign investment, capital markets, competition,...

English
Almatroudi & Al-Mahmoud Law Firm is a specialized legal consultancy based in Riyadh, Saudi Arabia, offering comprehensive services in corporate law, investor relations, and support for entrepreneurs. The firm boasts a team of distinguished lawyers and consultants proficient in both local and...
AlArfaj & Partners Law Firm
Riyadh, Saudi Arabia

Founded in 1985
50 people in their team
About UsAlArfaj & Partners is a law firm with national and international scopes and a particular focus on the Saudi Arabian market, providing our clients with a wide range of professional legal services. Our clients are our partners and their success is ours. We are dedicated to bringing a...
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About New Business Formation Law in Riyadh, Saudi Arabia

The Kingdom of Saudi Arabia has made significant strides in recent years to foster a conducive environment for new business formation. In Riyadh, the capital, these enhancements are seen in reduced bureaucratic hurdles, business-friendly laws, and other incentives. The country has adopted a broad policy called "Vision 2030," aimed at diversifying its economy beyond oil, encouraging foreign investments and promoting entrepreneurship. Consequently, the law and regulatory framework surrounding new business formation are evolving at a rapid pace, making it important to get professional legal advice.

Why You May Need a Lawyer

Even though the Saudi government has eased many bureaucratic processes, starting a new business still involves several legal formalities. Understanding and complying with these procedures can be overwhelming, especially for first-time entrepreneurs. Matters like enterprise classification, registration, obtaining the necessary licenses, interpreting tax law, drafting shareholder agreements, disputing resolution processes, and understanding liability can be complex. An experienced lawyer can help you navigate through these legal landscapes, ensuring compliance with all relevant regulations and law.

Local Laws Overview

Saudi Arabia's legal system is primarily based on Islamic law, also known as Sharia law. For new businesses, the most important law is the Companies Law, promulgated by the Ministry of Commerce and Investment. It sets out the rules for various types of companies, including limited liability companies (LLCs), joint stock companies, and partnerships. Furthermore, new businesses must adhere to the Anti-Fraud Law, the Consumer Protection Law, and e-commerce regulations, among others. New businesses should also be aware of the national localization policy called 'Saudization,' which mandates hiring Saudi nationals in certain roles.

Frequently Asked Questions

1. What types of businesses are allowed to form in Riyadh, Saudi Arabia?

Saudi Arabia permits most types of business models including sole proprietorships, partnerships, Limited Liability Companies (LLCs), and joint stock companies. However, certain sectors are restricted or need special permissions.

2. Can foreigners open a business in Riyadh, Saudi Arabia?

Yes, recent laws allow foreign investors to fully own a business in Saudi Arabia, with an exception of few sectors.

3. What is 'Saudization' policy?

Saudization is a national policy aimed at promoting the employment of Saudi Nationals in the private sector. Therefore, businesses are required to employ a certain percentage of Saudi nationals.

4. What are the tax obligations for new businesses?

New businesses in Saudi Arabia are required to pay zakat (an Islamic tax) or income tax, along with a value-added tax. The specific tax obligations for your business could differ based on your business structure and nature.

5. Is there a specific territory or region I should consider when opening a business?

The choice of the region depends largely on the nature of your business. Whereas Riyadh is known for its business-friendly environment, other regions such as Dhahran are popular for oil companies, and Jeddah is a key city for logistics and distribution businesses.

Additional Resources

Ensure to explore Saudi Arabia's Ministry of Commerce and Investment website for legal guidelines and procedures related to new business formation. The Saudi Arabian General Investment Authority (SAGIA) is another crucial body offering assistance for international entrepreneurs and investors. Similarly, business corporate service providers can help you with the entire lifecycle of your business formation process.

Next Steps

If you need legal assistance in new business formation in Riyadh, Saudi Arabia, consider consulting a local attorney who specializes in business law. They can guide you about local regulations, assist you in selecting the most appropriate business structure, help prepare necessary documents, and ensure your business complies with all the legal obligations.

Lawzana helps you find the best lawyers and law firms in Riyadh through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including New Business Formation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Riyadh, Saudi Arabia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.