AstroLabs launches setupinsaudi.com
AstroLabs has launched setupinsaudi.com as a central online source of curated, up-to-date information on setting up a 100 percent foreign-owned entity in Saudi Arabia. The new site lists a 16-step setup process, detailed information on requirements and offers a dedicated specialized operations team in Riyadh to manage end-to-end processes for businesses.
AstroLabs was one of the first international business incubators licensed in the Kingdom in partnership with Saudi Arabia’s Ministry of Investment (previously SAGIA to support businesses expanding into the Kingdom. To date, AstroLabs has helped over 60 companies enter the Saudi market, with a combined value of over USD 5bn. These include Checkout.com, Bayut, and AKQA.
Having a physical address is one of the requirements to setting up or expanding a business into Saudi Arabia and AstroLabs offers a complete soft-landing package, with a physical address and dedicated working space in its Riyadh coworking facility. The company also provides extended support from its overall ecosystem, such as connecting to recruitment partners and service providers and assistance in navigating logistics and settlement matters too.
Muhammed Mekki, Founding Partner of AstroLabs commented, “Driven by the government’s Vision 2030, Saudi Arabia offers a competitive and open business environment and presents a great market opportunity for expanding businesses and startups to access now. Through the launch of setupinsaudi.com, we will continue to empower businesses to establish themselves in Saudi and further boost the country’s digital economy.”