Saudi Arabia

Ease of Doing Business in

Saudi Arabia

This page summarizes Doing Business 2014 data for Saudi Arabia. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Middle East & North Africa
Income Category High income
Population 28,287,855
GNI Per Capita (US$) 18,030
City covered Riyadh
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
26 22 down -4

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
72.85 72.90 down -0.05
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 84 DB 2013 Rank*** 81 Change in Rank down-3
DB 2014 DTF** (% points) 80.75 DB 2013 DTF** (% points) 80.63 Change in DTF** (% points) up0.12

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Saudi Arabia Middle East & North Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
9 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
20.5 19.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
5.0 28.9 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 45.4 10.4
No. Procedure Time to Complete Associated Costs
1 Reserve a company name Less than one day (online procedure) no charge
2 Submit the required documents to the Unified Center (UC) 1 day no charge
3 Pay the registration fee at the Bank window within the same building of the Unified Center 1 day SAR 1,200 registration fee + SAR 650 publication of summary AOA
4 Notarize the Articles of Association with a Notary public 1 week no charge
5 Open bank account 4 days no charge
6 Submit the approved documentation, certificate of deposit and AoA at the Unified Center, as well as 2 applications and one undertaking 2 days no charge
7 Pay the Chamber of Commerce membership fee at the Unified Center 1 day SAR 2,100 Chamber of Commerce fee
* 8 Register with the General Organization for Social Insurance (GOSI) 3 days, simultaneous with previous procedure no charge
* 9 Register with the Department of Zakat 3 days, simultaneous with previous procedure no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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