{"id":658,"date":"2023-10-30T13:24:40","date_gmt":"2023-10-30T13:24:40","guid":{"rendered":"https:\/\/www.empresalabs.com\/blog\/?p=658"},"modified":"2023-11-25T10:48:53","modified_gmt":"2023-11-25T10:48:53","slug":"what-is-a-real-estate-license-in-saudi-arabia-and-its-restrictions-in-the-kingdom","status":"publish","type":"post","link":"https:\/\/arnifi.com\/blog\/what-is-a-real-estate-license-in-saudi-arabia-and-its-restrictions-in-the-kingdom\/","title":{"rendered":"What is a Real Estate License in Saudi Arabia and ..."},"content":{"rendered":"\n

This service of registering a real estate entity provided to foreign companies in case that the total cost of the project,
in terms of both land and construction, is not less than 30 million Saudi riyals in terms of land and
construction and the investment established outside the borders of the cities of Mecca and Medina.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
Documentations<\/h5>\n\n\n\n
    \n
  1. A copy of the commercial registration of the shareholding partner certified by the Saudi
    Embassy or a copy of the national identity, if one of the partners is a natural person holding the
    nationality of one of the GCC countries, or a copy of the national identity if one of the partners
    is holding the Saudi nationality and a statement issued by \u201cABSHAR\u201d System to prove the
    profession; or a copy of the commercial registration for Saudi companies.<\/li>\n\n\n\n
  2. Financial statements of the last financial year of the applicant company and certified by the Saudi
    Embassy.<\/li>\n<\/ol>\n\n\n\n
    Rules and Restrictions:<\/h5>\n\n\n\n
      \n
    1. Consistency between the total percentage of the Saudi (shareholder\/ shareholders) and the
      capital according to the financial limits set forth for the type of activity as show in Section No.
      (11.04) of this manual.<\/li>\n\n\n\n
    2. Premium residence holders are exempted from the above documents for real estate entity.<\/li>\n\n\n\n
    3. In case that one of the partners was previously licensed by Ministry of Investment, it must be
      clarified when filling in the partners’ data while submitting the electronic application.<\/li>\n\n\n\n
    4. In case the licensed business is related to property investment projects, the amount of the
      project to be constructed shall not be less than (30,000,000) Saudi Riyals for land and building
      outside the scope of Mecca and Medina.<\/li>\n<\/ol>\n\n\n\n
      Service fees<\/h5>\n\n\n\n
        \n
      1. Payment of license fee of two thousand (2000) Saudi Riyals after the first year for a real estate entity.<\/li>\n\n\n\n
      2. Payment of ten thousand (10,000) Riyals as subscription for the first year to obtain services
        from Ministry of Investment investors\u2019 relations centers. Afterward, the fees is applied as
        subscription fees for services in the following years (SR 60,000).<\/li>\n\n\n\n
      3. Service fees shall be paid within (60) days from the date of bill issuance. In case of the
        payment\u2019s delay within the identified period, the service will be cancelled and the applicant
        have to apply again<\/li>\n<\/ol>\n\n\n\n

        Next reading: Professional license(MISA) and its key restrictions in KSA?<\/a><\/p>\n\n\n\n

        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 \u2013 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.<\/p>\n\n\n\n

        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 \u2013         www.Arnifi.com<\/a> for more details.<\/p>\n","protected":false},"excerpt":{"rendered":"

        This service of registering a real estate entity provided to foreign companies in case that the total cost of the project,in terms of both land and construction, is not less than 30 million Saudi riyals in terms of land andconstruction and the investment established outside the borders of the cities of Mecca and Medina. Documentations […]<\/p>\n","protected":false},"author":4,"featured_media":663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,1],"tags":[124,126,123,125],"acf":[],"contentshake_article_id":"","yoast_head":"\nWhat is a Real Estate License in Saudi Arabia and its restrictions in the Kingdom<\/title>\n<meta name=\"description\" content=\"This service of registering a real estate entity provided to foreign companies in case that the total cost of the project,in terms of both land and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arnifi.com\/blog\/what-is-a-real-estate-license-in-saudi-arabia-and-its-restrictions-in-the-kingdom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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