How To Get Investor License in Saudi Arabia? ft.

🪧 Introduction to the Episode
In this podcast, we are discussing how to get investor license in Saudi Arabia and run your own business. These requirements are discussed step by step and you can follow them to acquire investor license in Saudi Arabia.
📝 About Honourable Guest
‪@ahmadbiztech‬ is a founder at Sohoby. He is basically from Rahim Yar Khan, Pakistan. He has completed his studies from PISJ and persuaded software engineering in Pakistan. He has done MBA from Prince Mohammad Bin Salman College (PMBSC) Saudi Arabia. He is very passionate in helping others getting financial freedom by setting up their own businesses legally in Saudi Arabia
Instagram:
/ ahmadbiztech
/ so7ob
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📱Social Media Handles
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Twitter: / salmanimdad
📖 Chapters of the Podcast
0:00 intro
0:20 Guest Intro
0:58 Who is Ahmad Mushtaq?
3:10 Did you knew that you will pursue your future in IT?
12:55 First failure of life
13:50 Story of Experience
15:18 Why to get investor license in Saudi Arabia?
17:25 Why did you acquired investor license?
20:00 importance of Incubators for investment license
21:55 What are the Steps of getting investor license?
22:45 Investor license for Iqama Holders
23:22 Step 1: Approach an Incubator
25:37 Step 2: Create an account on Ministry of Investment website
27:40 Ministry of Investment details
28:28 Do you consult to get Investment license?
29:45 Step 3: Applying for Commercial Registration
30:30 Attestation of Article of Association
32:00 Step 4: Chamber of commerce Registration
33:00 Choosing a company/brand name
35:29 Step 5: Opening company’s file in Maktab Amal/ Gosi/ Muqeem/ Saudi post
38:10 Whats Saudi Arabia’s benefit to invite foreign investors?
41:37 Do you need to pay MOL fee for yourself too?
42:38 Is it necessary to have Saudi in your company?
44:00 How about 100 Rial maktab amal fee?
45:15 Legal issues
46:40 Step 6: Opening a business Bank account
48:14 Audit of the company
49:48 Competition with local companies
53:23 Based on your CR Can you get loan?
54:36 How many employees you have?
55:18 Zakat o Dakhal
56:17 Is it worth it?
57:57 Disadvantages of cover up businesses
58:45 Long term benefit / Exit strategy
1:00:43 Why Saudi Arabia?
1:02:00 Why not Canada or USA?
1:02:53 Our first meetup
1:05:38 Jails Cases
1:06:45 What is Sohoby?
1:09:00 Proud projects of Sohoby
1:12:39 Business idea
1:16:22 Advice for Salman Imdad
1:20:00 Thank you
1:21:17 Outro

[@ahmadbiztech]

Thank you Salman bhai for such important and relevant questions.

[@Chirpntweet]

Great Personality Ahmed 👍

[@majidgnote]

I'm born and brought up in Saudi, and until this date, I was under the impression that starting your own business without a Saudi Sponsor or partner is impossible. This detailed video has cleared all my doubts. Thank you Salman, and keep up the good work. And thank you Ahmad Mushtaq for sharing your experience and valuable information.

[@saadasadvlogs1374]

Alhamdulillah, finally 😍😍

[@TanvirHasan-information]

Massallah- very informative topic. Thanks ❤

[@khushmirkhan8435]

Pura Video My Mazee Ka Baat! Sekoon Yaha Hy😊😊💚

[@farooqalishah8646]

Thanks for sharing such valuable information...zindabad

[@hammadkhalid8921]

Mashallah ❤ zabrdst 👌

[@saadasadvlogs1374]

Thank you so much for this podcast, cleared so many doubts of mine.

[@farooqalishah8646]

Thanks Salman sb nd Ahmed Mushtaq sb...Salamat rahain

[@gulmohammadkhan7606]

MashaALLAH Zabrdas esiii tarah information waliii vedio Banya karu

[@nabeeltariq5107]

JAZAKALLAH KHAIR DEAR BROTHERS ❤❤

[@hunaintariq12]

MashaAllah ❤

[@naeemshahzaib6110]

Great effort Salman bhai

[@hassanmudasir]

MA SHAA ALLA ❤ Thank you dear Salman bhai for the very informative podcast specially thanks to Ahmed mushtaq bhai 😊

[@talhahafeez2874]

Amazing video MA ❤️ This clears many doubts and there are so many investors who seems it near to impossible for starting a business in saudi. May Allah grant you huge success.

[@satanl0rd]

Asak Salman bhai, keep it up brother Aik short viral ho jayee InshaAllah

[@fatehvlogs6059]

Masha Allah

[@MMR786]

Very nice and informative interview 👍

[@Foodsafety13]

One of the best podcast i have ever watched, so helping n mentoring. Thanku imad salman and ahmad mushtaq bhai You both are amazing ❤️

[@fslmalik2023]

Great information. I was searching for this information. Will contact you guys soon 😊👍

[@kausarimdadulhaq8479]

Mashallah bht alaaaa

[@Adam_2034]

Thanks a lot for Cristal clear information.❤

[@Chirpntweet]

Excellent Episode 👍

[@fayyazmahmood7050]

Thanks for this effective podcast 👍

[@SyedVkax]

Thank you so so much,, Jizak Allah for the video. May Allah Bless both of you.

[@psyCho-vibes]

Very informative brother ❤❤❤

[@technicallyfunny9313]

Thanks you sir for information 😊

[@asifsalam7231]

Thank you both Salman and Ahmad bhai for this amazing podcast!

[@umerwaheed00770088]

Great info 👍💯

[@mrbuttvlogs]

LLC is private limited company in uk and USA … it’s same rules here as well and mozafa something basically , self employed where a person is responsible

[@kaderkader2382]

Thank you This is most effective video

[@Shoaibcheema7]

I subscribed you because you deserve lots of love from my ❤️

[@siddiquejamali9388]

Main b ap ka class fellow hon salman imdad bhai H section jab bani thi first and second year main .. H and F section both sharing periods hote the … 2007-2008

[@MustafaStamps]

Great information

[@mohamednoor3031]

the title is english, description in english but still use urdu, hopefully we can get one in english. i have seen some of his videos but having this in english will be beneficial for those who dont speak urdu

[@Ksaamazon]

GOD BLESS YOU

[@khubimalik]

Good job

[@multivideoszm9394]

One of the best podcast I have ever watched but one Question ❓ Ya sub expensive tu hogaya license registration ka phir annually expensive Kitna Hoga aur agr hum Pakistan ya Kise dosre county se employees kaise Bula sakhty hn aur Unka kafeel Kon Hoga aur unke salana government fees ka Kiya Hoga Ya bs Apke yearly profits ka 20% hee paid Karna hoga

[@Irfanameen309]

Same man b Rahim yar khan say ho or khanpur say

[@M.k6986]

One of the best pod cast Ahmad bhai nai hr bat bht achay sai explain ki or yh baat k hamari desi community share nahi is kerti is 100%accurate or Salman bhai apka bhi thnx k itnay achay sawal kiyay or acahay logo ko chuna is platform k liye jo itna time de kr apni information share karain really great full for your efforts ...

[@ahmadbiztech]

jazakallah khair

[@sasodekar]

Great work guys- its not easy to elaborate each step. No doubt there is manual, but many are unable to understand. Some of queries W/H based ( what, who, how, when, etc type) need to be detailed in such podcasts. This shall save time and clarification. Incubator etc probably tends to Entrepreneur license- its more complex to understand. Lets separate it... Rest all 9 categories fall under large scale usage. 57:17 this is not the overall objective ( those traditional sleeping partner or managed businesses are mostly trading set ups) . MISA exists for very large purpose and IKTVA with Vision 2030 is its drivers. It may be wrong to assume that these costs of starting business are all. NO, you have not considered your assets, land, plant, machinery, HR etc etc if any. So neat and detail business plan ( 5 yrs min) must be in place even before applying for investment license!! .. . And Yes, MISA toll free number is also very quick and useful! SAGIA ( now MISA) exists since almost 2008... so yes, every time its upgrading and reforming. Any other advice or support if I can be of use to you or your viewers can be reached sasodekar at gmail dotcom

[@islamic3409]

Do you think it's worth it to start your own business in saudi arabia in your own name as in getting a investor license

[@gulmohammadkhan7606]

Maa tumhra khr program dekhta khu ❤❤❤

[@saudidriver3312]

Salman amdad bai zabardast lakin aik ahum sawal k as investor konsay business may ksa asakty hu

[@abdulwaheed-hv6lc]

Aslam o alaikum thanks for sharing & guidance My question is What about the vat 15% kia investor ko 15% vat + 20 % dono government ko pay karnay hon gay ?

[@samialam5975]

Salman Bhai excellent mezban

[@AbdullahKhan-pt4kk]

Nice video What licensee is needed to import goods to Saudi Arabia? Commercial license is too expensive. Is there any other way to import to KSA?

[@ardesigns9828]

Please make a video on green card vs investor license

[@abdulhamad6960]

Jazak Allah very informative video and I have a question? Im student here in saudia Arabia can I switch to investor visa directly please can you reply thank you ❤

[@zubsaif]

@ahmadbiztech, thats great share! a quite sensible, meaningful podcat

[@muhammadarhamsabri8485]

Salman Bhai main Saudia main MBA karna Chahta kindly Saudia Arabia main university admission ka topic pay video bana da Scholarship pay bi

[@shahbazelahi9795]

What are the requirements for manufacturing company registration

[@kaleemdeshmukh2024]

Assalamu Alaikum

[@nwk111]

Salman Bhai...please Amazon affiliate marketing ya Amazon se business small scale business walay kaise karein...aur Saudi Arabia mein karsaktay hain Kiya? Ispe bhi ek video please 🙏

[@SalmanImdadPodcast]

Mark the date 30th September 2022 ❤️

[@drilleswithkurulus1760]

Bhai ap agro thora saa ahsas kr k asan urdu main interview kr lety to bht acha hota Q k jis ko itni arabic or english samjh ati ho gi vo khud misa ki website open kr k dekh lay ga

[@fatehvlogs6059]

Sir patners method kia hay

[@aliabidi8273]

Sir i buy old licence in saudia ariba how much paid up capital i show in account? Its same conditions like 27 million or like same previous 5hundred saudia riyal? Plz brave

[@mdnizam9915]

How much Adite fee yearly

[@BilalAhmed-hj5lt]

Very informative but you missed second question about investing from outside KSA

[@ahmadbiztech]

correct. basically you would need to show an existing running business outside saudi if you are applying from outside.

[@Drshahidamin]

Agr koi sponsor na ho to ya pir hm koi job ni kr rahy hain suppose bilkul start se he hy to non objective letter zarori hy?ya Kya aysa ho Sakta hy?

[@exploreworldwithme2635]

what kind of businesses housewife can do?

[@mirzamuhammad3246]

Will I be able to import products (Import license) If I establish an LLC on investor license for an ecommerce setup.

[@ahmadbiztech]

yes you can

[@Warriors1000]

Assalam o alikum Salman Bhai Syed Hassan Asghar from Jeddah Aziziah I need some advise for orphan child his father is passed away I need legal advice. And some other information about it company based in Pakistan office in Dubai.

[@AliUsmanGhani84]

❤️❤️🤗🤗

[@spreadingsmiles918]

Is this the way only for service providers or also for trading and restuarents ? Hope for the answer thankyou

[@ahmadbiztech]

for trading license one would need to show capital of at least 30 million saudi riyals

[@healthwellbeing1208]

Mushtaq Ahmad recommended a few incubators. They don't respond. Mushtaq Ahmad when himself was contacted, replied I charge 100 dollars for one hour consultation. We were interested in getting investor license. This is irony of these people.

[@SalmanImdadPodcast]

Nothing comes free 😊

[@healthwellbeing1208]

@@SalmanImdadPodcast Please don't become warrant buffet or Elon musk with a couple of thousands followers. Podcast pai aisay atay ho. Jaisay Bari hidmat kho rahi hain. Pakistanis ki.

[@healthwellbeing1208]

Beside whenever get ill. My consultation is free for Pakistanis in Riyadh.

[@Quraishy]

It’s not about we don’t want to share information, I always shared information with so many Pakistanis but the issue is their own mentality. They just want a shortcut and then leave.

[@Quraishy]

Can you also tell us the incubator names please.

[@ahmadbiztech]

Google sian for the list

[@yaram5390]

Ahmad :( ❤❤❤❤

[@siddiquejamali9388]

Ek sawal ye hai k kia do ya teen ajnabi milke ek license le sakte hain ? As a partner ?

[@ahmadbiztech]

yes

[@ehsanali9654]

I have a workshop for maintenance and repairing Electrical motor and water pump Can I open CR

[@ahmadbiztech]

yes you would need service investment license.

[@mubeenshaik4179]

What if a wife wants to start a company then, is it a requirement to take NOC from husbnad 's company Please reply

[@ahmadbiztech]

wife must exit and return on a new investor visa.

[@ahmadbiztech]

for housewives, I have made a special video: kzbin.info/www/bejne/gqPaqquehtqjrNE

[@user-yo4vy8fc4i]

At least with English subtitles 😅

[@okasha61]

bro i wish this was in English

[@gulmohammadkhan7606]

❤❤❤❤❤🎉🎉🎉🎉

[@nasyybullah7799]

Arabic words use karne he hain tou English translation bhi kr dete

[@naqshequran]

Watched the whole podcast and zero info for people who want to startup in Saudi Arabia while living abroad.

[@infoguidance]

السلام علیکم ۔ کیا اجنبی موسسہ فردیہ اپنے نام کھول سکتا ہے ؟

[@qasim6565ify]

Excellent it was very informative. Thank you so much for your efforts.

[@newcreate88]

Assalamualaikum Salman Bhai mere husband ko terminate kar diye h job se please koi job Hogi to hamari help karen I am in Jeddah

[@youniskhan1080]

app un ko bolin amazon sekh ker kaam krin

[@Jasim25]

45:35 Just stop Watching this video. Saudi Rules is difficult compare to Dubai

[@muhammadsaadjanjua7428]

انگلش بو ل لو بھاٸ یا ا اردو۔۔ایسے مشکل ہوتا ہے۔۔

[@Drshahidamin]

Etny Passo peto bnda pora mbbs kr Sakta hy 😂

[@zohaibmobile]

Brilliantly questions & answers covered all the topics hopes so soon i will take investment Visa for Mobiles field in jeddah thanks Boss thumbs up 🫡

[@HaqSachTvOfficial]

Its so sad they have wasted 22 minutes in bullshit . why not talk from the start about topic .

[@Travelvlog115]

2nd thing one must need a big heart along with bussiness mind

[@Travelvlog115]

If u know depth of urs business profitability and know how to use prpoer marketing tools expanses doesn't matter if u r legal in Saudi Arabia.

[@Travelvlog115]

Bahrain is a much better option to startup and to link urself with kingdom market.

[@nomanrasheed4271]

How can i contact you ? Im in KSA

[@valuerefrigerationhisamudd6575]

Sir mujhe aap ka number chahiye