Saudi Arabia is a G20 member, the largest economy in the Middle East and is diversifying rapidly
Robust economy
Business friendly environment
100% foreign ownership
Tax incentives
Trusted by leading companies, investors and lawyers around the world
Types of licenses
Limited Liability Company (LLC)
A Saudi LLC provides limited liability coverage to owners and allows team members to obtain residency permits to operate businesses within the country.
Benefits
Learn more about the benefits of Saudi Arabia’s LLC license
Before you get started with incorporating an LLC on Clara, learn more about the benefits of Saudi Arabia.
Shareholders are shielded from having personal liability for company’s debts and liabilities. Personal property is protected in the event of business litigation or financial difficulties.
Avoid double taxation
LLCs can further increase their competitiveness by taking advantage of Saudi Arabia’s alluring tax perks and incentives. For LLCs, the corporate income tax rate is restricted at 20%. In certain industries, such software development and manufacturing, the rate is as low as 15%. In addition, the Kingdom has put in place tax treaties with several nations to avoid double taxation and further international trade.
Access to government projects and contracts
LLCs have advantages when it comes to participatingfor government projects and bidding for contracts. The country’s Vision 2030 aims to increase local economic participation, encouraging the growth of SMEs and the private sector.
Flexible ownership structure
There is no minimum share capital and no maximum number of shares or shareholders. There is no restrictions on the nationality of the shareholders.
Clara’s got you covered in Saudi Arabia. Find out more.
The ADGM and the DIFC are financial free zones in the UAE with independent jurisdictions exempted from the UAE’s civil and commercial laws. For founders looking for a place to register a new business, both are great jurisdictions to choose from.
Plug and Play, Silicon Valley’s largest global innovation platform, has announced a new partnership and investment in Clara, the legal operating system that empowers tech founders to digitally form, manage, and scale their startups.
Press
May 15 · 4-minute read
Binance uses Clara to incorporate and manage ADGM entities. The team at Clara are extremely efficient and go the extra mile to ensure we always have a smooth experience and meet our deadlines. Top-notch service!
Vishal Sacheendran
Head of Strategy and Operations, Binance
Starting a company is hard enough, but managing legal processes shouldn’t be. With Clara’s dedicated accelerator onboarding solution, companies can get the support and infrastructure they need to efficiently and professionally complete their legal due diligence and finalize an investment.
Amal Dokhan
General Partner MENA, 500 Global
Clara is a one-stop shop for everything equity related. All our data is safe and securely stored and accurately recorded. And our investors love having direct access. It has saved us countless hours and kept our cap table mistake free.
Jessica Anuna
CEO & Founder, Klasha
We spend a lot of time educating founders on basic legal concepts: what they need to do for us to invest in them. Clara automates these functions. As Clara’s first institutional investor, we knew intuitively from inception, this company will be a game changer.
Vijay Tirathrai
Managing Director, Techstars
You can’t beat Clara’s ESOP functionality. It allows us to grant options to our team in a few clicks while automatically updating our cap table. Truly next level.
Michael Hunter
Co-Founder & CEO, Holo
Founders often struggle with managing their legal function due to lack of expertise and resources. And we’ve seen poor legal structures create hurdles to our investing in otherwise healthy startups. Investors like ourselves love that Clara gives founders the tools they need to establish, grow and scale their startups from day one on a best-practice basis.
Shane Shin
Founding Partner, Shorooq
US cap table solutions aren’t tailored to the differentiated needs of international startups. Clara is the only cap table provider we found that had emerging market startups in mind. Add to that all the other things you can do on the Clara platform, from building your ESOP to data room management, and switching was a no brainer.
Omar Rifai
Co-founder, GrubTech
From company formation to maintaining the cap-table, by using Clara founders can digitally form their companies in a range of jurisdictions, create and manage their cap-tables and generate legal documents. Clara is quickly becoming an integral part of the startup software stack.
Daniel Dos Reis
Investment Director, Wamda Capital
Clara is a must-have for founders. Not only does it provide all the legal tools you need in a single platform, using Clara also signals to investors that you are a serious startup.
Mazen AlDarrab
Founder & CGO, Zid
IP Assignments, what? I didn’t even know they existed before Clara. For startups, setting up governance, corporate structures, data rooms and fundraising are all hard to get right. Clara’s legalOS is premium. It pays for itself.
Zohare Haider
Co-Founder & CEO, Jalebi
Binance uses Clara to incorporate and manage ADGM entities. The team at Clara are extremely efficient and go the extra mile to ensure we always have a smooth experience and meet our deadlines. Top-notch service!
Vishal Sacheendran
Head of Strategy and Operations, Binance
Starting a company is hard enough, but managing legal processes shouldn’t be. With Clara’s dedicated accelerator onboarding solution, companies can get the support and infrastructure they need to efficiently and professionally complete their legal due diligence and finalize an investment.
Amal Dokhan
General Partner MENA, 500 Global
Clara is a one-stop shop for everything equity related. All our data is safe and securely stored and accurately recorded. And our investors love having direct access. It has saved us countless hours and kept our cap table mistake free.
Jessica Anuna
CEO & Founder, Klasha
We spend a lot of time educating founders on basic legal concepts: what they need to do for us to invest in them. Clara automates these functions. As Clara’s first institutional investor, we knew intuitively from inception, this company will be a game changer.
Vijay Tirathrai
Managing Director, Techstars
You can’t beat Clara’s ESOP functionality. It allows us to grant options to our team in a few clicks while automatically updating our cap table. Truly next level.
Michael Hunter
Co-Founder & CEO, Holo
Founders often struggle with managing their legal function due to lack of expertise and resources. And we’ve seen poor legal structures create hurdles to our investing in otherwise healthy startups. Investors like ourselves love that Clara gives founders the tools they need to establish, grow and scale their startups from day one on a best-practice basis.
Shane Shin
Founding Partner, Shorooq
US cap table solutions aren’t tailored to the differentiated needs of international startups. Clara is the only cap table provider we found that had emerging market startups in mind. Add to that all the other things you can do on the Clara platform, from building your ESOP to data room management, and switching was a no brainer.
Omar Rifai
Co-founder, GrubTech
From company formation to maintaining the cap-table, by using Clara founders can digitally form their companies in a range of jurisdictions, create and manage their cap-tables and generate legal documents. Clara is quickly becoming an integral part of the startup software stack.
Daniel Dos Reis
Investment Director, Wamda Capital
Clara is a must-have for founders. Not only does it provide all the legal tools you need in a single platform, using Clara also signals to investors that you are a serious startup.
Mazen AlDarrab
Founder & CGO, Zid
IP Assignments, what? I didn’t even know they existed before Clara. For startups, setting up governance, corporate structures, data rooms and fundraising are all hard to get right. Clara’s legalOS is premium. It pays for itself.
Zohare Haider
Co-Founder & CEO, Jalebi
Binance uses Clara to incorporate and manage ADGM entities. The team at Clara are extremely efficient and go the extra mile to ensure we always have a smooth experience and meet our deadlines. Top-notch service!
Vishal Sacheendran
Head of Strategy and Operations, Binance
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Amal Dokhan General Partner MENA, 500 Global
