Starting a business in KSA as a foreigner; documents you need

• You need to have a good knowledge of the region. Be prepared to research the business sector you aim to operate within. Plan a study of the market conditions, your forecast results, and the competition.
• Prepare to find the investment from your resources or through your bank and preferably by other means than applying locally. Especially if you’re new to the region and without a track record.
• The law requires that you have a local partner who controls the business. The local partner, a company, or an individual, does not need to contribute to the start-up investment or participate financially at all. The local partner requirement is currently under review in some states, however, to encourage foreign investment.
• When the business is registered, you have to show the Ministry of Commerce that you have money to invest. The required sum varies between the states (between $10,000/£6,500 and $50,000/£33,500 ) and is regarded as a guarantee against liabilities, although you may withdraw the money shortly afterward.

The process is risky, meaning that knowledge is crucial. You have to consult a good lawyer from the outset. 

When doing business with Arabs, you will meet bargaining and find them expert at it. You will need to be completely confident about the contents of your agreement. 

Corporate law is similar to any in western countries. That means businesses can run as limited liability operations, private companies, or other types of concern. As discussed, setting up a business or buying a going concern can be complicated, and you must obtain local legal advice and guidance about registration formalities. As a foreigner, you are likely to use a western/Arab joint venture law firm. 

 Workers from south-east Asia and the Indian sub-continent usually occupy unskilled, menial, or semi-skilled jobs. A powerful sponsor or employer is a weapon with officialdom, and observing his skillful negotiating can be an enlightening experience. The authorities are usually helpful and do not tend to be difficult unless they have a reason. You will find your life in the region easier if you are polite and patient. Smile and seek advice. Requesting advice shows respect for the person you asked. You will find that Arabs are friendly and helpful. With all the problems with customs, you can contact customs clearing agents in Bahrain to help you.

A shift away from nationalization to privatization

Saudi Arabia has experienced a shift in its national business model in recent years. Foreign consultancy services benefited from here. Saudi Arabia is rapidly becoming a place for doing business and setting up operations.

This country has enormous natural richness ranking in the third position globally, considering the most plentiful and valuable natural resources like oil, gas, and strategic minerals.

The family is well-respected in Saudi Arabia and is considered a top priority. For example, someone needs to leave from office for a family issue or emergency; everybody will encourage you to take care of it straight away without restricting him/her, even the boss, manager, or supervisor.  

Disadvantages of starting a business in Saudi Arabia

The disadvantage for women entrepreneurs is that they need male permission to start a business in Saudi Arabia, as their name where government support is minimal.

• Women need permission. Hence, their husband or father is the owner of all their finances and controls their business.
• Women not being able to drive is an inconvenience and requires the added expense of a driver. The government of Saudi Arabia has initiated only a limited number of programs for women’s entrepreneurship development. So, keep this in mind. 
• The lack of support from other women is the biggest issue facing women in business. Especially the foreign female entrepreneurs in Saudi Arabia.