How To Get Investor License in Saudi Arabia? ft. @ahmadbiztech | S1E4 | @SalmanImdadPodcast

🪧 Introduction to the Episode In this podcast, we are discussing how to get investor license in Saudi Arabia and run your own business. These requirements are discussed step by step and you can follow them to acquire investor license in Saudi Arabia. 📝 About Honourable Guest ‪@ahmadbiztech‬ is a founder at Sohoby. He is basically from Rahim Yar Khan, Pakistan. He has completed his studies from PISJ and persuaded software engineering in Pakistan. He has done MBA from Prince Mohammad Bin Salman College (PMBSC) Saudi Arabia. He is very passionate in helping others getting financial freedom by setting up their own businesses legally in Saudi Arabia Instagram:   / ahmadbiztech     / so7ob   💵 Support Us on Patreon   / realsalmanimdad   📱Social Media Handles Main Channel:    / salmanimdad   Instagram:   / salmanimdad   Facebook:   / salman.imdad   Snapchat:   / salmanimdad   TikTok:  / salmanimdad   Twitter:   / salmanimdad   📖 Chapters of the Podcast 0:00 intro 0:20 Guest Intro 0:58 Who is Ahmad Mushtaq? 3:10 Did you knew that you will pursue your future in IT? 12:55 First failure of life 13:50 Story of Experience 15:18 Why to get investor license in Saudi Arabia? 17:25 Why did you acquired investor license? 20:00 importance of Incubators for investment license 21:55 What are the Steps of getting investor license? 22:45 Investor license for Iqama Holders 23:22 Step 1: Approach an Incubator 25:37 Step 2: Create an account on Ministry of Investment website 27:40 Ministry of Investment details 28:28 Do you consult to get Investment license? 29:45 Step 3: Applying for Commercial Registration 30:30 Attestation of Article of Association 32:00 Step 4: Chamber of commerce Registration 33:00 Choosing a company/brand name 35:29 Step 5: Opening company’s file in Maktab Amal/ Gosi/ Muqeem/ Saudi post 38:10 Whats Saudi Arabia’s benefit to invite foreign investors? 41:37 Do you need to pay MOL fee for yourself too? 42:38 Is it necessary to have Saudi in your company? 44:00 How about 100 Rial maktab amal fee? 45:15 Legal issues 46:40 Step 6: Opening a business Bank account 48:14 Audit of the company 49:48 Competition with local companies 53:23 Based on your CR Can you get loan? 54:36 How many employees you have? 55:18 Zakat o Dakhal 56:17 Is it worth it? 57:57 Disadvantages of cover up businesses 58:45 Long term benefit / Exit strategy 1:00:43 Why Saudi Arabia? 1:02:00 Why not Canada or USA? 1:02:53 Our first meetup 1:05:38 Jails Cases 1:06:45 What is Sohoby? 1:09:00 Proud projects of Sohoby 1:12:39 Business idea 1:16:22 Advice for Salman Imdad 1:20:00 Thank you 1:21:17 Outro