Temporary license & its performance for foreign companies in KSA
bySuraj Oct 30, 2023 2 MIN READ
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Temporary license service shall be provided to the foreign entities that do not have foreign investment License for the contract activity, for which a government or semi-government contract is awarded, providing the possibility to apply for a Temporary license to execute a government or semi-government contract, this Temporary license expires at the end of the contract tenor.
Documentations:
A copy of the commercial register of the entity in its original country authenticated by Saudi Embassy to obtain the Temporary license.
A copy of the awarding letter or the project execution contract signed by the competent authority including the duration of the contract to get the Temporary license.
Service fees:
Payment of license fee of two thousand (2,000) Saudi Riyals annual for the contract period.
Payment of ten thousand (10,000) Riyals as subscription for the first year to obtain services from Ministry of Investment investors’ relations centers. Afterward, the fees is applied as subscription fees for services in the following years (SR 60,000).
Service fees shall be paid within (60) days from the date of bill issuance. In case of failure to make payment within such identified period, the service will be cancelled and the applicant have to apply again.
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