Starting a business in Saudi Arabia used to be challenging for foreign entrepreneurs, with complex regulations and a difficult setup process. Recognizing these obstacles, two brothers established Arab Dreams to help others navigate the Saudi business landscape.
Arab Dreams began as a small consultancy and has since grown into a leading firm, employing over 100 professionals and operating across several cities and countries. The company has assisted thousands of foreign businesses from various industries to establish a presence in Saudi Arabia.
The firm offers a comprehensive range of services, including company formation, legal compliance, tax support, and premium residency assistance. Their experience spans sectors such as technology, construction, food, and events, ensuring tailored support for each client.
Common misconceptions about doing business in Saudi Arabia persist, such as the belief that opportunities are limited to oil or that a local sponsor is required. Recent reforms, including Vision 2030, have opened the market to foreign ownership and streamlined government procedures, making it easier for international entrepreneurs to succeed.
Key advice for newcomers includes understanding legal requirements, choosing the right business structure, planning for taxes, preparing for local administrative processes, conducting thorough market research, managing banking needs, and seeking local guidance.
With ongoing economic diversification and substantial investments in sectors beyond oil, Saudi Arabia presents significant opportunities for business growth. Arab Dreams continues to support foreign investors, leveraging local expertise to ensure smooth and compliant business operations.