Tawaref Blogs
A Step-by-Step Guide to Saudi Work Visa (Iqama) Process
Throughout this article series, we have discussed several key processes a foreign investor who dreams of opening a business in Saudi Arabia must undergo. After financial planning, securing an investme...
Specialized Business Licenses in Saudi
We have already discussed the types of business licenses offered to foreign investors who wish to expand operations in Saudi Arabia. However, businesses may be required to obtain special licenses beyo...
Company Formation in Saudi from A to Z
After understanding the types of licenses , and attestation processes , it's time to move on to the actual company formation. Starting a business in Saudi Arabia involves a few key steps: understandin...
Saudi Entrepreneurship License at a Glance
Offering unique benefits not available in traditional license tracks, the entrepreneurship license is a one-of-a-kind opportunity designed to foster innovation and support startups. Entrepreneurs who ...
Navigating Business Requirements and Understanding Documents Attestation
Our previous article provided a comprehensive overview of the diverse types of foreign investment licenses available in Saudi Arabia. Now that investors have identified the specific license best suite...
Types of Foreign Investment Licenses in Saudi Arabia
Once entrepreneurs have grasped the Saudi business scene, setup costs , and day-to-day expenses , it's time to delve into the process of launching their venture. First up: obtaining a foreign investme...
Understanding Saudi Landing OpEx Costs Through Real Life Scenarios
Maintaining a legal presence in Saudi Arabia is not a one size fits all approach for any business, with the annual operational cost depending on multiple factors. If you haven’t already, we recommend ...
Corporate Annual Operating Costs in Saudi Explained
After understanding the CapEx costs ( hard costs and setup partner fees ) involved in establishing a business in Saudi Arabia, the next important aspect to consider is the annual operating costs (OpEx...
Categorizing Saudi Setup Partners by Soft Costs
In Saudi Arabia, we often see foreign companies spend two to three months just shopping for service providers who can lead their incorporation process. The high costs quoted by such CSPs and law firms...
Saudi Landing Hard Cost Unveiled: What They're Not Telling You!
It is no secret that expansion to Saudi Arabia has become notorious for being extremely costly, with complaints of Corporate Service Providers (CSPs) and law firms charging sky-high fees for landing s...
Foreign Investment in Saudi Arabia: Exploring the Tangible Benefits and Key Features
Although Saudi Arabia has gained considerable momentum as one of the hottest hubs for entrepreneurship, actually securing the first riyal in your pocket can be a lengthy ordeal for any foreign entrepr...
Seeding Success: Investor Interest Peaks in Early-Stage Startups Across MENA
Early stage startups are continuing to captivate investors in the MENA region, according to industry experts and trend reports. Pre-Seed, Seed and Pre-Series A rounds have emerged as a sweet spot to i...
Exploring Saudi Arabia's Dominance in Venture Funding
Saudi Arabia’s recent venture funding performance has become the talk of the town, with the Kingdom securing over $1.38 billion in capital in 2023. This is a significant rise from the past decade, and...
4 Saudi Startups That Conquered MENA Funding in 2023
Saudi startups took the investment landscape by storm last year, securing hundreds of millions of dollars in investment throughout 2023. Bloomberg reports the Kingdom taking 52% of all tech funding , ...
FinTech Remains the Top-Ranked Industry in MENA in Terms of Capital Deployed
Despite an overall reduction in funding compared to previous years, investors in the MENA region deployed approximately $2.6 billion of capital in 2023 . This decrease in funding stems from geopolitic...
KSA Ranks #1 in MENA Country Funding Comparison in 2023
MAGNiTT’s MENA Venture Investment Summary for 2023 reports that this year has been a phenomenal year for Saudi Arabia, with notable surges in funding and capital deployment from the region. However, t...