As an investor, you are required to apply for a commercial registration from the Ministry of Commerce to practice commercial activities.
Ship Chandlers
why invest in Ship Chandlers ?
Maximize the added value from the logistics sector by transforming the Kingdom into a global logistics hub and the development of Logistics Zones and Special Economic Zones (SEZs)
Saudi Arabia connects 3 continents, which gives the Kingdom a pivotal role in distribution to most key markets in the globe
Sustainable Demand for several goods and industries, supported by the Giga projects of vision 2030, growth and localization of many industries and the Local Content Programs of National Champion companies
Several Saudi ports achieve advanced rankings in the 2021 Container Port Performance Index (CPPI) for measuring ports operational performance, with King Abdullah Port and Jeddah Islamic Port taking the lead for the 1st and 8th place respectively
Investor Journey
01
01
Commercial Registration
02
02
Establishment Registration
03
03
Apply for Operational License
04
04
License Fees Payment After Application Approval
05
05
Begin Operations
01
01
Applying for a Foreign Investment License
02
02
Commercial Registration
03
03
Establishment Registration
04
04
Apply for Operational License
05
05
License Fees Payment After Application Approval
06
06
Begin Operations
Commercial Registration
Conditions:
- To be at least 18 years old.
- The owner should not be a government employee.
- The capital should not be less than 5000 Saudi riyals.
- In the event that the issuance is for a sub-registry, the main register must be valid.
- It is not required to issue a subsidiary register if it has the same activity and the same administrative region.
Duration of Service:
immediate.
Service Fees:
- SR 200 for main register.
- SR 100 for subsidiary register.
Establishment Registration
Register the new establishment at all of
- Zakat, Tax and Customs Authority,
- Ministry of Human Resources and Social Development and
- General Organization for Social Insurance.
Required Documents:
- The Commercial Registration
- Memorandum of Association
Apply for Operational License
As investor, you should apply for operating license from Mawani or (Meras) platform.
Documents Required:
- The Commercial Registration.
- Registration in the General Authority for Zakat, Tax and Customs authority.
- The identity of the manager/managers according to commercial register.
- Paying the fees for issuing and renewing the license.
All documents must be valid at the time of submitting the application in accordance with the period license validity.
License Fees Payment After Application Approval
After you receive approval notice for your license application, you have to pay the operation license fees through Fasah Platform and the license will be issued immediately.
Application Fees:
30,000 SAR
Time Frame:
Two (2) Working Days
License Duration:
3 years
Begin Operations
As an investor, you will submit some documents at the port where you intend to carry out the work. There are conditions and requirements that must be met when practicing as a ship chandler at the port:
• All investors must submit a bank guarantee for the benefit of the port administration where activities are intended. The guarantee is irrevocable, unconditional and without restrictions. The amount is two-hundred thousand Saudi riyals, valid for a period of 39 months from the date of its submission.
• You must provide a statement of the individuals qualified to assume responsibility and carry out the duties related to the work of supplying ships in a satisfactory manner. This includes the duties and responsibilities specified in the customs system, the instructions of the border guards and the health authorities. It must include the regulations and instructions in force in the ports of the Kingdom together with a copy of their identity cards. It must also determine of the nature of the work of each one of them.
• All investors must submit a bank guarantee for the benefit of the port administration where activities are intended. The guarantee is irrevocable, unconditional and without restrictions. The amount is two-hundred thousand Saudi riyals, valid for a period of 39 months from the date of its submission.
• You must provide a statement of the individuals qualified to assume responsibility and carry out the duties related to the work of supplying ships in a satisfactory manner. This includes the duties and responsibilities specified in the customs system, the instructions of the border guards and the health authorities. It must include the regulations and instructions in force in the ports of the Kingdom together with a copy of their identity cards. It must also determine of the nature of the work of each one of them.
Foreign Investment License through Ministry of Investment
To invest as a non-Saudi Citizen, you must apply and obtain a foreign investment license from the Ministry of Investment (MISA).
Fees:
The applicant shall be obligated to pay the registration fee—at a later stage—as determined by the Ministry upon acceptance of the application. Payment must be made within no more than fifteen (15) business days from the date of notification of the due amount for the service; otherwise, the registration shall be considered void.
Time Frame:
10 working days
Documents Required:
- A copy of the Commercial Registration from your home country.
- A financial statement for one fiscal year.
- Both documents should be validated by the Saudi Embassy and the Ministry of Foreign Affairs in your home country.
Entrepreneur Licenses:
The service is provided to business leaders who wish to establish emerging technical, innovative or distinguished companies capable of expansion and growth to provide a better and different product or service in the Saudi market and have supportive entities approved by the ministry of investment.
Service Documentations:
- The Board of Directors decision on their desire to get a license, stating the invention type, its sponsors, the authorities, and a copy of the national identity if one of the partners is a natural person holding the nationality of one of the GCC countries (if their data is not already registered in the ABSHAR system), If the license applicant is a foreign individual, they must provide a copy of their passport.
- Obtain a letter of support or proof of project approval from an accredited Saudi university, business incubator, or venture capital fund. The letter must contain the following details: the project’s name, the required activity, ownership informant, and contact information of the supervising authority.
Service Rules and Restrictions:
- In case that one of the partners was previously licensed by Ministry of Investment, it must be clarified when filling in the partners’ data while submitting the electronic application.
- Authorized Saudi universities or business incubators or venture capital fund shall approve the license applications.
- If the applicant is a resident of the Kingdom, the Saudi sponsor should submit a letter of no objection.
- The applicant must enter data on the Saudi national identity / premium residence/residence if one of the partners holds any of these documents. Or the commercial registration data for the participating Saudi companies during the electronic application submission.
Service Fees:
- Payment of license fee of (2000) Saudi Riyals annual for (5) years as maximum.
- Payment for services obtained from the Ministry of Investment’s investor relations centers is calculated at the end of the fifth year of subscription after the establishment is reclassified other than entrepreneurial. Payment for services is applied as a regular license.
- Service fees shall be paid within (30) days from the bill issuance date. If the payment is delayed within the identified period, the service will be cancelled, and the applicant must apply again.
Commercial Registration
As an investor, you are required to apply for a commercial registration from the Ministry of Commerce to practice commercial activities.
Conditions:
- To be at least 18 years old.
- The owner should not be a government employee.
- The capital should not be less than 5000 Saudi riyals.
- In the event that the issuance is for a sub-registry, the main register must be valid.
- It is not required to issue a subsidiary register if it has the same activity and the same administrative region.
Duration of Service:
immediate.
Service Fees:
- SR 200 for main register.
- SR 100 for subsidiary register.
Establishment Registration
Register the new establishment at all of
- Zakat, Tax and Customs Authority,
- Ministry of Human Resources and Social Development and
- General Organization for Social Insurance.
Required Documents:
- The Commercial Registration
- Memorandum of Association
Apply for Operational License
As investor, you should apply for operating license from Mawani or (Meras) platform.
Documents Required:
- The Commercial Registration.
- Registration in the General Authority for Zakat, Tax and Customs authority.
- The identity of the manager/managers according to commercial register.
- Paying the fees for issuing and renewing the license.
All documents must be valid at the time of submitting the application in accordance with the period license validity.
License Fees Payment After Application Approval
After you receive approval notice for your license application, you have to pay the operation license fees through Fasah Platform and the license will be issued immediately.
Application Fees:
30,000 SAR
Time Frame:
Two (2) Working Days
License Duration:
3 years
Begin Operations
As an investor, you will submit some documents at the port where you intend to carry out the work. There are conditions and requirements that must be met when practicing as a ship chandler at the port:
• All investors must submit a bank guarantee for the benefit of the port administration where activities are intended. The guarantee is irrevocable, unconditional and without restrictions. The amount is two-hundred thousand Saudi riyals, valid for a period of 39 months from the date of its submission.
• You must provide a statement of the individuals qualified to assume responsibility and carry out the duties related to the work of supplying ships in a satisfactory manner. This includes the duties and responsibilities specified in the customs system, the instructions of the border guards and the health authorities. It must include the regulations and instructions in force in the ports of the Kingdom together with a copy of their identity cards. It must also determine of the nature of the work of each one of them.
• All investors must submit a bank guarantee for the benefit of the port administration where activities are intended. The guarantee is irrevocable, unconditional and without restrictions. The amount is two-hundred thousand Saudi riyals, valid for a period of 39 months from the date of its submission.
• You must provide a statement of the individuals qualified to assume responsibility and carry out the duties related to the work of supplying ships in a satisfactory manner. This includes the duties and responsibilities specified in the customs system, the instructions of the border guards and the health authorities. It must include the regulations and instructions in force in the ports of the Kingdom together with a copy of their identity cards. It must also determine of the nature of the work of each one of them.