This service provided to foreign companies in property field 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.
1. A copy of the commercial registration of the shareholding partner certified by the Saudi Embassy and a copy of the
national identity, if one of the partners is a natural person holding the nationality of one of the GCC countries (in case
his data is not registered in the ABSHAR system).
2. Financial statements of the last financial year of the applicant company and certified by the Saudi Embassy.
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. (11.03) of this manual.
2. Premium residence holders are exempted from the above documents.
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.
4. The applicant must enter the data of the Saudi national identity / Premium residence / residence if one of the partners
holds any of them, or the commercial registration data for the participating Saudi companies during the electronic
application submission.
5. 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.
