How to Obtaining a Mining License in Saudi Arabia?

Obtaining a Mining License in Saudi Arabia

Are you looking to explore the vast opportunities in Saudi Arabia's mining sector? If so, securing the appropriate license is your first step. This guide will walk you through the process of obtaining a mining license in the Kingdom, breaking down the requirements and steps into a simple, easy-to-understand format.

Service Overview

Saudi Arabia offers a dedicated service for establishments interested in engaging in mining activities within the Kingdom. Whether you are a local or foreign entity, understanding the documentation, rules, and fees associated with obtaining a mining license is crucial to getting your operations up and running smoothly.

Key Documentation Requirements

When applying for a mining license, certain documents are essential:

1. Commercial Registration: You’ll need a copy of the commercial registration of the shareholding partner, certified by the Saudi Embassy. If one of the partners is a natural person from a Gulf Cooperation Council (GCC) country and their data isn’t registered in the ABSHAR system, their national identity document must also be submitted.
2. Financial Statements: Provide the financial statements from the last fiscal year of your company, certified by the Saudi Embassy.

Service Rules and Restrictions

There are specific rules and conditions that applicants must follow:

1. Saudi Shareholding Requirements: The total percentage of Saudi shareholders and the capital must align with the financial limits outlined in the service manual.
2. Exemptions for Premium Residence Holders: If a partner holds a Premium Residence, they are exempted from the above documentation requirements.
3. Previous Licensing: If any of the partners have been previously licensed by the Ministry of Investment, this must be disclosed when submitting the application.
4. Data Entry Requirements: During the application process, it’s important to accurately enter the data related to Saudi national identity, Premium residence, or commercial registration for participating companies.

Service Fees

Acquiring a mining license involves specific fees:

1. License Fee: An annual license fee of 2,000 Saudi Riyals, valid for up to five years.
2. Subscription Fees: A 10,000 Riyals fee is required for the first year to access services from the Ministry of Investment’s investors’ relations centers. For subsequent years, the subscription fee is 60,000 Riyals.
3. Payment Deadlines: All fees must be paid within 60 days from the date of bill issuance. If payment is not made within this period, the service will be canceled, and the applicant will need to reapply.

How to Apply

The application process is straightforward and can be completed online through the E-Services Portal of the Saudi Ministry of Investment. Once the application is submitted, the expected time for processing is typically one to two working days.

Conclusion

Entering the mining sector in Saudi Arabia presents significant opportunities, but it's essential to navigate the licensing process correctly. By ensuring you have all the necessary documentation and understanding the associated fees, you can streamline your entry into this dynamic market.

If you’re considering expanding your business into Saudi Arabia's mining industry, start preparing your application today. With the right steps, you’ll be well on your way to securing your mining license and tapping into the Kingdom’s rich resources.

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