Best New Business Formation Lawyers in Riyadh

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ASRLAWGROUP LLC  اتحاد العصر للمحاماة والاستشارات
Riyadh, Saudi Arabia

Founded in 2012
9 people in their team
Arabic
English
ASR Law Firm | Trusted Real Estate, Estate Planning & Business Lawyer in FloridaStart Confidently. Protect What Matters.At ASR Law Firm, we are committed to helping individuals, families, and business owners across Florida navigate legal matters with clarity, confidence, and peace of mind. Our...
Sahal Law Firm

Sahal Law Firm

15 minutes Free Consultation
Riyadh, Saudi Arabia

Founded in 2015
53 people in their team
English
Arabic
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,...
Younes & Associates
Riyadh, Saudi Arabia

Founded in 1987
10 people in their team
Arabic
English
French
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...
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A&M Law Firm
Riyadh, Saudi Arabia

Founded in 2020
12 people in their team
Arabic
English
A&M is a dynamic, full service law firm led and operated by Saudi lawyers with a strong foundation of corporate, commercial and dispute resolutions experience. We are based in Riyadh, assisting clients from all around the world with our considerable knowledge of the local Saudi market. We...
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Trabulsi & Co.
Riyadh, Saudi Arabia

Founded in 2015
12 people in their team
Arabic
English
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...
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Founded in 1978
50 people in their team
Arabic
English
About UsFounded in 1978, the Saudi Office,Lawyers &Consultants, has become one of the leading law firms in the field of advocacy throughout the Kingdom of Saudi Arabia, Middle East, and worldwide.The Saudi Office, Lawyers & Consultants, carries out all representation and litigation...

English
Yahya Abdulaziz Al-Hargan Law Firm & Legal Advice Company, headquartered in Riyadh, Saudi Arabia, is a professional legal services firm licensed by the Ministry of Justice. The firm comprises a team of distinguished partners and legal professionals, many of whom are licensed both locally and...
Al Mulla Law Firm
Riyadh, Saudi Arabia

Founded in 1981
50 people in their team
Arabic
English
ALMulla Law Firm was established in Riyadh, Saudi Arabia in 1981 as legal office by Dr. Hassan Essa AlMulla, which well-known in Saudi Arabia and the Gulf States. ALMulla Law Firm has rich experiences to provide best and most comprehensive legal advices as there are a number of lawyers and legal...
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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.