Many business owners around the world fail to consider Saudi Arabia when starting their restaurant ventures. Moreover, with the aid of a local authority.
Before you can welcome customers and get your business off the ground in Jeddah, you must fulfill a number of regulations.
Saudi Arabia has the largest economy in the Middle East. The World Bank’s Doing Business Index places it 62 out of 190 nations, indicating that it is also relatively accessible to foreign investment. Saudi Arabia outperformed nearby Gulf nations like Oman and Qatar.
Who are responsible to open new restaurants?
- You will probably need to go via the Saudi Arabian General Investment Authority if you intend to launch your business as a foreign investor. Regarding a regional sponsor, you’ll probably be working with Commercial Registration.
- In order to open a restaurant in Jeddah, one must adhere to the authorizations and guidelines established by the Saudi Food and Drug Administration and the Ministry of Commerce.
Procedure to open restaurants
1. Creating a business
- To begin a food business as a foreign investor, you must first obtain Saudi Ministry of Commerce approval in the form of a General Investment Entrepreneurial license.
- You must have the resources and the potential to make investments in Jeddah in order to obtain this license and approval from the Saudi Ministry of Commerce.
2. Register a Trading Name:
- You must create and register a company name or business name before launching a business in Jeddah. You must make sure that the name you choose for your business is not in any way offensive to religion, Should not be offensive in any manner, Additionally, any competitor in the food market should not have a trading name that is identical to or even too similar to yours.
3. Visa application:
- You must really be present in the Kingdom of Saudi Arabia to request authorization as a foreign investor. Must require a valid business visa.
4. Get a restaurant license:
- Additionally, you will need to apply for a license in Saudi Arabia to conduct business.
5. Physical requirement:
- To open a restaurant in Jeddah, various physical conditions pertaining to the business itself must be met. These rules might appear particularly onerous, but a restaurant deals with the distribution of food, so that explains why.
6. Location Requirement:
- You must find a site for your restaurant that is either in a commercial center or at the very least on a busy street. On a residential street, you cannot open a restaurant. Your location and site size are also limited. You cannot select a location for a restaurant that is less than 65 meters squared.
Documents Required
- Proof of residence and identification for all of your company’s shareholders and directors.
- Proof of your trade name confirmation.
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Bank reference letter
- Passport copies of shareholders and directors.
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