Entrepreneur License

At Incorpyfy, we understand the specific requirements and guidelines for obtaining an Entrepreneur License in Saudi Arabia. We recognize the importance of adhering to these regulations to ensure our clients’ smooth and successful licensing process.

Required Documents for Entrepreneur License:

1. Applicants must provide the Board of Directors’ decision to obtain a license, clearly stating the type of invention, its sponsors, and their designated powers. Additionally, copies of national identities are required if any of the partners hold the nationality of a Gulf Cooperation Council (GCC) country or Saudi nationality. Non-Saudi partners must submit a copy of their Iqama (residency permit) and passport.
2. A letter of support from the supervising authority, such as Saudi universities or business incubators within the Kingdom, is mandatory. This letter should include the project’s name, the required activity, ownership data, and contact information for the supervising authority.

Rules and Restrictions for Entrepreneur License:

1. If the Ministry of Investment has previously licensed any of the partners, this information must be disclosed during the electronic application process when filling in the partners’ data.
2. License applications for Entrepreneur Licenses must be approved by authorized Saudi universities or business incubators.
3. If the applicant is a resident of the Kingdom, a letter of no objection from their Saudi sponsor is required.
4. The Entrepreneur License is initially granted for one year and can be renewed annually for the first five years with the approval of the supervising authority.
5. Applicants must enter the data of any Saudi national identity, Premium residence, or residence permit held by the partners or the commercial registration data for participating Saudi companies during the electronic application submission.

At Incorpyfy, we closely adhere to these requirements and guidelines to ensure a seamless and compliant licensing process for our clients seeking an Entrepreneur License in Saudi Arabia. Our team of experts will guide you through every step, providing comprehensive support and ensuring that all necessary documents and prerequisites are met.

By partnering with Incorpyfy, you can confidently navigate the complexities of the licensing process, focusing on your entrepreneurial goals while we handle the administrative and regulatory aspects. Contact us today to embark on your entrepreneurial journey in Saudi Arabia and contribute to the Kingdom’s thriving business landscape.