Setupinsaudi.com includes the full 16-step setup process with detailed requirements for establishing a 100% foreign-owned entity in the Kingdom of Saudi Arabia.
AstroLabs has assisted 60 companies, valued at over USD 5bn, with their entry into the Saudi market.
Riyadh, KSA: AstroLabs today announced the launch of setupinsaudi.com, the first centralized online source of curated, up-to-date information on setting up a 100% foreign-owned entity in the Kingdom of Saudi Arabia (KSA). Setupinsaudi.com lists a 16-step setup process, detailed information on requirements and offers a dedicated specialized operations team in Riyadh to manage end-to-end processes for businesses, making their expansion journey seamless and hassle-free.
AstroLabs holds a unique status as the first international business incubator licensed in the Kingdom. In 2018, AstroLabs solidified a partnership with Saudi Arabia’s Ministry of Investment (previously SAGIA), when they signed a cooperation agreement that made them a partner of choice to support businesses expanding into the Kingdom. To date, AstroLabs has helped over 60 companies enter the Saudi market, with a combined value of over USD 5bn. These include Checkout.com, one of the most valuable global fintech businesses, Bayut, the UAE’s largest online property portal, and AKQA, renowned global design and innovation agency.
Having a physical address is one of the requirements to setting up or expanding a business into Saudi Arabia and AstroLabs offers a complete soft-landing package, with a physical address and dedicated working space in its Riyadh coworking facility.
The company also provides extended support from its overall ecosystem, such as connecting to recruitment partners and service providers and assistance in navigating logistics and settlement matters too.
“Saudi Arabia is the largest economy in the MENA region in terms of its population and consumer spending. Driven by the government’s Vision 2030, the Kingdom offers a competitive and open business environment and presents a great market opportunity for expanding businesses and startups to access now. Setupinsaudi.com helps simplify the complex business establishment process by making the setup and licensing information accessible in one, easy-to-navigate online space along with support from specialized market experts. Through the launch of setupinsaudi.com, AstroLabs will continue to empower businesses to establish themselves in Saudi and further boost the country’s digital economy,” said Muhammed Mekki, Founding Partner of AstroLabs.
One of the notable companies that AstroLabs is in the process of setting up in the KSA is the renowned global design and innovation agency, AKQA. Headquartered in San Francisco, AKQA has over 2,000 employees across its offices in the UK, US and Asia and are now expanding into Saudi Arabia. AKQA is a part of the WPP network, a world leader in communications services, and was recently recognized as the Best Place to Work for Innovators by Fast Company.
“Saudi Arabia is a strategic market for AKQA’s growth in the Middle East, but the process of setting up a business in the country can be challenging to navigate without the right support. AstroLabs is a leading expert on Saudi Arabian company establishment, and they were swift and accurate with their communication and support. They helped us solve the challenge of establishing our operation in Saudi with professionalism and made things straightforward,” Tim Baker, Managing Partner, AKQA.
Founded in 2013, AstroLabs is a capability building company committed to developing the digital ecosystem of the MENA region through its academy, network of collaborative coworking communities and company establishment services in both the UAE and Saudi Arabia. To find out more about its Saudi business setup services, please visit www.setupinsaudi.com.
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About AstroLabs
AstroLabs has been developing the digital ecosystem in the Middle East since 2013 through its capability building academy, network of collaborative coworking communities, and company establishment services in both the UAE and Saudi Arabia, helping set up 400+ companies from around the world in these two key markets. AstroLabs offers an unparalleled launchpad for companies to enter into and scale up in the Gulf, with end-to-end business license services and soft-landing offices at its coworking spaces in Dubai and Riyadh.
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© Press Release 2020
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