See How it Works
Compliance Challenges Solved
ALMega Business eliminates compliance challenges. Keeping up with Saudi Arabia’s ever-changing regulations can lead to penalties and operational disruptions. ALMega Business helps you navigate these challenges and stay current with all regulatory changes.
Streamlined Portal Management
Navigating essential portals such as QIWA, Mudad, Muqeem, CoC, and GOSI can overwhelm businesses, consuming valuable time and resources. AlMega Business ensures efficient management of these portals, preventing delays, errors, and enhancing operational efficiency.
Simplified HR Procedures
Managing HR tasks, including visa and residency processes, employee registrations, and Saudization compliance, can be complex and daunting. ALMega Business provides comprehensive HR services, simplifying these procedures and mitigating hiring delays, visa issues, and compliance risks.
Steps to get the solution
Once your business is set up in Saudi Arabia, staying compliant with the evolving regulations is crucial to avoid penalties and ensure smooth operations. This includes:
Portal Management
We manage all essential portals, including QIWA, Mudad, Muqeem, the Chamber of Commerce (CoC), and the General Organization for Social Insurance (GOSI), ensuring seamless and efficient operations.
Compliance and Renewals
Our services encompass all aspects of compliance management, including license renewals, tax notifications, and Saudization certificate management, guaranteeing your business meets all regulatory requirements.
HR Services
We offer comprehensive HR solutions, from providing contract templates and managing visa and Iqama processes to conducting medical examinations and delivering tailored HR advice, all designed to support effective workforce management.
We do it simply for you
Quick
Easy
Quick
FAQ
What is the benefit of HR services?
Human resources are essential for companies starting their operations in the Saudi market. They ensure compliance with local laws and regulations, protecting the company from legal risks and penalties. Additionally, they assist in managing recruitment, visas, and residency processes, facilitating the swift and efficient hiring of local and foreign employees. HR services also provide training and development programs to enhance employee skills, thereby improving overall productivity and performance. In summary, HR services contribute to establishing and managing an effective and compliant workforce, aiding the company’s success in the Saudi market
What are the requirements for the saudi joint Stock company?
A Saudi Joint Stock Company (JSC) must have a minimum capital of SAR 500,000 (SAR 10,000,000 for listed companies) and at least two founders (five for public JSCs). The founders must subscribe to at least 20% of the capital, and the company’s articles of association need approval from the Ministry of Commerce and Investment (MCI). A Board of Directors with at least three members is required, and the company must hold annual general assembly meetings. An independent auditor must be appointed, and 10% of net profits must be allocated to a legal reserve until it reaches 30% of the capital. Foreign ownership is allowed with restrictions, and public companies must comply with Capital Market Authority (CMA) regulations for IPOs and corporate governance. Annual audited financial statements must be filed with the MCI, and public companies must adhere to CMA disclosure requirements.
What regulations and laws should be complied with?
When entering Saudi Arabia for investment, it is necessary to comply with the Foreign Investment Law and obtain a license from the General Authority for Investment, and choose the appropriate type of company according to the Companies Law. It is also essential to adhere to the Labor Law, including Saudization ratios, and to comply with the Tax and Zakat Law, and Customs Law for environmental protection, as well as intellectual property protection laws. Additionally, adherence to financial and banking regulations, the Contracts and Procurement Law, and e-commerce laws is required, along with considering the goals of Vision 2030. And other regulations and laws, Which ِALMega Business PRO Service Help You.