Formation for Premium Residency holders
Premium Residency holders set up their company without foreign parent company documents.
About this service
Premium Residency holders are exempt from submitting foreign parent company documents when registering with the Ministry of Investment, so they can set up their company in their own name. We agree the activity and legal form with you and handle registration, the commercial registration and platforms until your company is ready.
How we do it
- 1A consultation to define the activity and legal form.
- 2Preparing your personal documents and Premium Residency details.
- 3Registration with the Ministry of Investment without parent company documents.
- 4Commercial registration and articles of association.
- 5Opening government platforms and handing over the company.
What it includes
- Choosing the activity and legal form
- Ministry of Investment registration
- Commercial registration and articles of association
- Government platforms
Advantages
- No foreign company or financial statements needed.
- A shorter process than the parent company route.
- Set up the company in your own name while living in the Kingdom.
Drawbacks
- Your Premium Residency must be valid.
- Some activities have extra conditions or approvals.