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.
Next reading: What is a Real Estate License in Saudi Arabia and its restrictions in the Kingdom
Arnifi is digital first Corporate service provider helping companies enter the Middle East region, starting with UAE and Saudi Arabia markets. Founded and backed by professionals from Amazon, Souq and other large companies operating in KSA – the team understands what it takes to succeed as a startup in both UAE and Saudi Arabian markets, apart from going through the setup process multiple times.
Arnifi will provide a truly digital experience to entry and scale up of companies both UAE and Saudi Arabia. The Arnifi promise is simple, yet revolutionary, use technology and a great team to provide transparency, efficiency and great customer experience in the whole process.
Check out at – www.Arnifi.com for more details.
