Do you want to establish your company in Saudi Arabia and do not have a large capital or headquarters? Do you want to establish a company and provide a global service and do not want to be restricted to a specific region? In light of the era of rapid digital development that we live in, establishing electronic companies has become an integral part of our daily lives, so in this article I will discuss everything related to establishing an electronic company in Saudi Arabia.
Is a company whose activity depends primarily on technology and the Internet to provide its services and products regardless of the type of activity it practices, which may be material goods such as online retail or non-material services such as software, applications, and online consulting. This company may be an educational platform, an electronic store, or a company that works to provide technical solutions.
The e-business concept includes all activities "buying, selling, online booking services, administrative and financial solutions that rely on the Internet such as banks" carried out via the Internet or modern technology to achieve commercial goals and objectives.
These businesses are considered natural developments in the era of digital development that we live in, as this facilitates interaction and communication between customers and partners through globally available platforms that are easy to use and deal with as well.
1_ The existence of a commercial register for this company from the Ministry of Commerce or the existence of a freelance work deed from the freelance work website of the Ministry of Human Resources and Social Development.
2_ Obtaining all licenses required for the process of establishing an electronic company.
3_ Choosing a distinctive trademark for your electronic company.
4_ Determining the appropriate scope for practicing your company's activity.
5_ Hiring a specialized and distinguished institution such as Etmam helps you establish your company legally and successfully without facing any complications.
Electronic companies have many advantages that make them an attractive option for entrepreneurs. The most prominent of these advantages are:
As the owners of these companies are not restricted to a specific place of work, they have complete freedom to work anywhere, which makes this company an ideal choice for anyone who wants to achieve a balance between their personal and professional lives.
These companies are the opposite of companies restricted to providing services to a specific region, as they can reach all customers around the world very easily.
These companies are characterized by not requiring large investments in infrastructure or real estate, as you manage them entirely via the Internet, which saves you a lot and also allows you to offer competitive prices to customers.
As these companies operate around the clock, you can receive requests and achieve sales at any time, which works to provide high flexibility to customers and also helps to increase profits fundamentally.
It is possible to expand easily and without the need for high costs like traditional companies by adding new products and services, and you can also target new markets by modifying your electronic marketing strategies only.
In the event of establishing an electronic company, it is easy for you to collect and analyze data about customers and their behavior, which helps you greatly in improving the electronic marketing strategies you follow and customer service as well, which contributes greatly to increasing sales and improving the overall experience.
It is easy to manage and operate such companies thanks to the use of content management systems and electronic payment systems that make the management and operation of these electronic companies very easy and effective and also save you the effort and time wasted in daily operations such as shipping, bills, etc.
To establish an electronic company in Saudi Arabia, some basic steps must be implemented first, and we explain them below
Before starting to establish your own electronic company, you must determine the type of service or product that you will provide, taking into account that this product is capable of sustainability, growth, development, and resilience in the face of this competitive market.
You must also develop a solid business plan, and this is a very important step in successfully establishing your electronic company, this plan must include a strong strategy for financing, growth, development, advertising, and marketing the business as well.
You must create a strong website for your e-company and build it technically from scratch, then prepare its general framework, and the main title, and organize the service or product sections in it to facilitate the search and navigation process.
1_Choose the appropriate legal form according to the activity you will practice and then prepare all the required papers and documents.
2_Obtain an electronic signature licensed by the competent authorities.
3_Create a website for this company.
4_Fill in all the data required by the establishment process from the company name, shareholders, activity, and board of directors.
5_Add the required files and then send a review request for this process, which can be tracked through the user's workspace.
6_Pay all fees required for this process.
7_Prepare the incorporation contract electronically and then use the electronic signature on it.
8_Obtain the tax card, register with the commercial registry, and open an insurance file as well.
Anyone who wishes to establish an electronic company in Saudi Arabia mustapplyn to establish this company register it in the commercial register and attach it to the establishment contract that includes all the data of this company and the necessary documents.
We can take the limited liability company as an example to apply the procedures for issuing the incorporation contract, which are as follows
1_Visit the official website of the Saudi Ministry of Commerce.
2_Select electronic services.
3_Select the Saudi Business Center platform.
4_Select the service to establish a limited liability company.
5_Select the service start order.
6_Specify the number of partners.
7_Specify the company's status.
8_Apply for the service.
9_Specify the company's duration, activity, and all its data.
1_Company name.
2_The activity that this company will practice.
3_The founding partners of the company.
4_The capital of this company.
5_The purpose and objective of this company.
6_Its duration if it is temporary.
7_The powers of the company manager.
8_How to distribute profits and losses.
9_The procedures followed to resolve disputes and disagreements.
10_The address of the main headquarters, which is usually the address of the company's management.
11_ Amendment and liquidation procedures.
12_ Necessary licenses and registrations.
It is necessary to obtain a license from the Ministry of Commerce, register on the relevant platforms, and open a special and commercial bank account for it as well.
Of course, they can, but under specific conditions, such as obtaining foreign investment licenses from the General Investment Authority.
It is not necessary to have a headquarters, but it is necessary to register an official address for communication and tax purposes, and it is preferable to use a professional email address and website.
These challenges usually include the presence of a strong competitive market in Saudi Arabia, confidence in electronic purchasing, compliance with legal regulations, and ensuring the protection of data and information.
Take your first steps today in establishing your electronic company professionally and successfully with the Itmam Foundation and benefit from all the great advantages offered by e-commerce.
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November 07, 2024
- BY Sultan Al-Qahtani