Company Formation
The Saudi Arabian economy presents exciting opportunities for aspiring entrepreneurs and foreign investors. Nevertheless, the licensing process can prove challenging, particularly with the recent establishment of the Ministry of Investment (MISA). Here we are demystify the MISA license in Saudi Arabia and equip you with the knowledge to tackle this stage confidently.
Previously known as SAGIA, MISA was formed in 2020 to facilitate and attract foreign direct investments (FDI) in Saudi Arabia. As part of its efforts, the ministry streamlines the licensing process, provides support services, and promotes investment opportunities aligned with Vision 2030 goals for the Kingdom.
In accordance with your business activity and business structure, MISA offers various licenses:
To know the next steps after the MISA Registration, check out our Company Formation Process in Saudi Arabia.
In addition to licensing, MISA offers a number of support services to investors, including:
Obtaining a MISA license in Saudi Arabia can be a smooth process with proper preparation and understanding. By utilizing this guide and exploring MISA's resources, you can confidently embark on your entrepreneurial journey in Saudi Arabia and contribute to the Kingdom's economic transformation. Remember, staying informed, seeking professional guidance, and tailoring your application to MISA's objectives are key to success. If you have any queries regarding the MISA Licensing, feel free to get in touch with Reyson Badger.
Businesses that are residents of the UAE and generate taxable supplies within the country are required to register for VAT, provided that the total value of their imports and taxable supplies in the previous year surpassed AED 375,000, or is anticipated to exceed it in the upcoming 30 days. Regardless of the value of their taxable supplies and imports, non-resident enterprises that make taxable supplies in the UAE are required to register for VAT if no one else is responsible for paying the applicable tax on these supplies in the UAE.
Businesses that are residents of the UAE and that make taxable supplies within the country are eligible to voluntarily register for VAT if the value of their imports, taxable expenses, and taxable supplies exceeded the AED 187,500 voluntary registration threshold in the previous year or is anticipated to do so in the upcoming 30 days.
The registrant's e-Services account dashboard will have a soft copy of the VAT registration certificate. Nonetheless, the registrant can click here to access the service if necessary.