SetupInSaudi.com details all requirements for foreign-owned startups looking to set up shop in Saudi, while also offering on-ground support.
Having already aided some 60 companies worth USD 5 Million in entering the Saudi market, AstroLabs has launched a special online resource that takes foreign startups through the A-to-Z of how to set up shop in the Kingdom.
SetupInSaudi.com takes entrepreneurs through the 16-step process required for fully foreign-owened startups to move into KSA, detailing all requirements and even providing potential support.
As one of the first international incubators to be licensed in Saudi Arabia, AstroLabs have already helped a number of companies expand into the country, including the likes of Checkout.com, Bayut and AKQA.
“Driven by the government’s Vision 2030, Saudi Arabia offers a competitive and open business environment and presents a great market opportunity for expanding businesses and startups to access now,” Founding Partner of AstroLabs, Muhammed Mekki said. “Through the launch of setupinsaudi.com, we will continue to empower businesses to establish themselves in Saudi and further boost the country’s digital economy.”
Beyond the website, AstroLabs is also easing one requirement that is deceptively simple, yet acts as a stumbling block for many startups: having a physical address in the country. It’s doing so by offering what is being touted as a ‘soft-landing package’ for interested parties that includes a dedicated workspace in its Riyadh-based coworking facility. The package also extends help and support from the AstroLabs network, connecting entrepreneurs to recruitment partners and service providers, as well as logistical assistance.
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