Top 20 Offshore Companies in Saudi Arabia

Saudi Arabia is swiftly developing into a strong environment for digital business innovation, experiencing rapid and significant growth in its startup sector. 

According to the GEM report, an overwhelming 90% of those surveyed concurred that initiating a business in Saudi Arabia was straightforward. This achievement positions the nation at the forefront of global economies.

As a result, many businesses, including offshore companies, choose to establish their businesses in Saudi Arabia. If you are looking for some offshore companies, let’s dive into today’s article because we will discuss the top 20 Offshore Companies in Saudi Arabia. 

Understanding Offshore Companies in Saudi Arabia

Offshore companies in Saudi Arabia refer to business entities established in a designated offshore jurisdiction within the country, typically intending to conduct international business activities, enjoy certain tax benefits, and operate under specific regulatory frameworks. 

The government creates these offshore zones to attract foreign investments, promote economic diversification, and facilitate international trade. Offshore companies in Saudi Arabia often benefit from reduced taxation, simplified administrative procedures, and increased privacy and confidentiality in financial matters. 

However, their operations might be limited to conducting business outside the local Saudi market to maintain the distinction between domestic and offshore activities.

What makes Saudi Arabia a good place for offshore companies?

Saudi Arabia offers several advantages that make it an appealing destination for offshore corporations:

• Tax Benefits: Offshore companies in Saudi Arabia can benefit from favorable tax regimes, including exemptions or reduced taxes on profits, capital gains, and other financial activities. This can significantly enhance the profitability of businesses operating within the offshore zones.
• Business-Friendly Environment: The Saudi government has created a business-friendly environment with streamlined regulations and reduced bureaucratic hurdles for offshore companies. This allows for easier company formation, operation, and management.
• Investment Incentives: Saudi Arabia offers various investment incentives to attract foreign capital, such as land leases, financial support, and access to specialized infrastructure. These incentives can help reduce the initial costs of setting up and operating an offshore company.
• Strategic Location: Located at the crossroads of Europe, Asia, and Africa, Saudi Arabia’s geographical location is advantageous for international trade and commerce. It provides easy, quick access to markets in the Middle East, North Africa, and beyond.
• Diversification of Economy: Saudi Arabia is actively working to diversify the economy beyond oil and gas by promoting sectors like technology, finance, tourism, and renewable energy. This diversification creates opportunities for offshore companies to contribute to the growth of these emerging industries.
• Modern Infrastructure: The country has invested heavily in modern infrastructure, including transportation, communication networks, and technology hubs. This facilitates the smooth operation of businesses and enables efficient connectivity on a global scale.
• Political Stability: Saudi Arabia’s political stability and relatively low crime rate compared to other regions can provide a secure environment.
• Skilled Workforce: The country’s emphasis on education and training has resulted in a growing pool of skilled professionals who can contribute to offshore companies’ success.
• Confidentiality and Privacy: Offshore zones in Saudi Arabia often provide higher financial privacy and confidentiality, allowing businesses to protect their sensitive financial information.
• Access to Gulf Cooperation Council (GCC) Markets: Being a member of the GCC, Saudi Arabia provides offshore agencies with potential access to a larger regional market, making it a strategic base for expanding business activities within the GCC countries.

It’s important to note that while Saudi Arabia offers these advantages, potential investors and businesses should thoroughly research the legal and regulatory requirements specific to offshore company formation in the country and seek professional advice before making any decisions.

Top 20 offshore companies in Saudi Arabia

1. Cubix

Cubix is a comprehensive software development company specializing in the entire lifecycle of software creation. Their expertise encompasses the development, customization, and integration of intricate enterprise software and business intelligence analytics. They are also proficient in crafting advanced mobile and web applications—covering all digital products and experiences designed to leave a significant and enduring impression.

Cubix embarked on its application development journey in 2008 and has evolved into a comprehensive, mobile-centric software development company. With an unmatched team satisfaction rate in the industry and recognition from independent analysts, Cubix boasts a continually expanding roster of satisfied clients who consistently collaborate with them. 

As one of the top 20 offshore companies in Saudi Arabia, the company has played a pivotal role in aiding renowned brands like Estee Lauder & Clinique, Swatch Group, and Politico, as well as numerous startups, in developing their software solutions. This rich experience equips Cubix with a deep understanding of what constitutes successful software across various industries.

Services: 

• iOS development
• Android development
• Game development

Major clients: Suzuki, Canon, Unilever, Estee Lauder, Walmart, ….

2. Custom D

Custom D specializes in crafting tailor-made web and mobile applications. The technological landscape within which Custom D operates is highly intricate, yet it’s crucial for numerous business owners and operators who might lack the necessary knowledge and expertise. This is precisely where Custom D steps in to provide invaluable assistance.

Whether you’re a startup or an established entity, Custom D recognizes that your needs and aspirations differ from your circumstances. Whether your objectives revolve around driving growth, enhancing efficiency, or maximizing profitability, Custom D is adept at guiding your entry into technology. 

They take the time to intimately understand your unique identity, industry, visions, and operational procedures, ultimately positioning themselves as your technology partner. Count on Custom D to be a steadfast presence for the long run, collaborating closely as your business evolves.

Services:

• Web & Mobile Apps
• Startup Development
• Web3 Development
• System Integrations
• AWS Consulting
• Cloud Infrastructure Review

Major Clients: Dirty Bach, Inspire Foundation, IMEX, ….

 3. PieSoft

PieSoft is a globally operating software development company with a notable presence in the United States, specifically Pennsylvania (PA). The company excels in offering an extensive array of personalized software and hardware development solutions, complemented by digital innovations and IT staff augmentation services.

The core mission of PieSoft revolves around aiding startups and enterprises in conquering intricate technological hurdles and extracting the utmost business value from their endeavors. By teaming up with PieSoft, businesses can tap into the potential of tailor-made software solutions and foster a culture of innovation.

Services:

• Software Development
• Development Management Services
• Digital Transformation
• Design Services
• Quality Assurance
• Hardware Development

4. Magneto IT Solutions

Magneto IT Solutions is a distinguished eCommerce agency recognized for its achievements in B2C and B2B sectors. The company excels in crafting top-tier end-to-end solutions for B2C and B2B eCommerce, along with expertise in areas like PIM, CRM, DAM, MDM, DEM development, and integration.  

Employing an agile approach, their adept team creates captivating web and mobile applications, ensuring industry-leading User Interfaces that result in exceptional user experiences.

With a history dating back to 2010, Magneto IT Solutions has been deeply involved in eCommerce. Over the years, they’ve partnered with 200+ brands, aiding them in establishing and enhancing their online presence. 

Their services span various aspects including UI/UX, development, launch strategies, revenue augmentation, marketing tactics, and more. Impressively, around 90% of these collaborations have generated substantial revenue for the ventures involved.

Services:

• Consulting
• Design (UI/UX)
• Development
• Integration
• Support
• CRO

Major clients:Huyndai, KAWADER, HP, ….

5. CodesOrbit 

CodesOrbit stands out as a rapidly expanding IT enterprise that offers an extensive array of solutions and services spanning various industries. With offices strategically positioned in Saudi Arabia, Australia, and Pakistan, CodesOrbit distinguishes itself by providing comprehensive end-to-end solutions.  

Whether the project involves crafting a mobile application, developing intricate AI models, or creating AI-driven complete e-commerce solutions, all these offerings are conveniently available under one roof.

CodesOrbit’s customer base has witnessed remarkable growth over time. The company takes pride in its collaborations with clients from diverse regions, including America, Australia, the United Kingdom, UAE, Saudi Arabia, and Germany. 

At its core, CodesOrbit is dedicated to the pivotal objective of furnishing clients with the most fitting solutions, with a shared vision of mutual growth in the future. Their ethos revolves around the notion that their success is tied to the success of their customers.

Services:

• Mobile App Development
• Web App Development
• Clover App Development
• E-Commerce Development
• On Demand App Development
• Chrome Extension Development

Major clients: Blissiree, CASA Command, Caroogle, ….

6. NOMIZO TECHNOLOGIES

MANAR NAJOOM UNITED COMPANY, also known as Nomizo, is headquartered in Jeddah, Saudi Arabia.  

Although the company commenced its operations as a small enterprise with limited capital, it has demonstrated remarkable horizontal and vertical growth over time. This expansion has encompassed various industry sectors and crossed national boundaries.

As one of the top 20 offshore companies in Saudi Arabia, Nomizo is composed of a dedicated, cohesive team of professionals who share a common goal-oriented mindset. The company’s commitment to delivering high-quality services and its unwavering determination to achieve operational excellence have played pivotal roles in driving its rapid success and establishing it as a prominent leader within the industry.

Services: 

• Custom software development
• Mobile application development
• E-commerce solutions
• Web development
• Learning management system (LMS)
• Enterprise resource planning (ERP)
• Customer Relationship Management (CRM)
• Branding

Major clients: Doka, Holiday Inn, Majestic, ….

7. Bettertech

Better tech comprises a group of seasoned professionals boasting an impressive track record of over three decades in the industry, spanning across the globe. More than simply being a technology vendor, Bettertech takes on the role of business transformation enablers.  

They offer vital Software and Information Technology Solutions tailored to your business needs. By leveraging Bettertech’s cutting-edge solutions, you’re empowered to keep pace with the rapidly evolving landscape and foster your business’s growth in today’s fiercely competitive environment.

The experts at Bettertech are unwavering in their commitment to simplify your endeavors. By offering products and services attuned to your needs, they not only save you valuable time and energy but also enable you to allocate your attention where it matters most. In essence, Bettertech empowers you to focus your efforts on the areas that demand direct engagement.

Services: 

• Mobile App Development
• E-commerce Development
• Website Development
• Financial Advisory

Major clients: Atlas Ocean Ltd, ARMINY, Huta, ….

8. Golden Logic

Based in Saudi Arabia, Golden Logic has emerged as a prominent leader in the realm of Software Services, Technology Consultancy, and Design and Development solutions. Their comprehensive offerings cater to a diverse array of industries.  

The scope of Golden Logic’s solutions encompasses the development of Mobile applications, Portals, Virtual Reality (VR) and Augmented Reality (AR) solutions, Security systems, IT services, Websites, and platforms for both B2B and B2C endeavors. These industries span a wide spectrum, including BFSI (Banking, Financial Services, and Insurance), Government, Healthcare, Real Estate, Tourism, Oil & Gas, among others.

Under the guidance of a highly adept management team, Golden Logic is powered by a workforce of 150+ certified and extensively trained professionals. Their services extend across regions, including Saudi Arabia, Bahrain, Oman, India, Hong Kong, and Switzerland. 

Notably, their core strengths lie in the vertical domains of Banking, Capital Markets, Wealth Management, and Insurance, solidifying their position as a reliable and influential player in these areas.

Services: 

• Cybersecurity Services
• Application Development & Support
• Banking And Financial Portals
• Staff Augmentation
• IT Services And System Integration
• VR And AR Development
• Digital Marketing Services
• Security Consultation and system Integration
• Data Analytics
• User Experience
• Artificial Intelligence
• Learning Management System

Major clients: Takamoi, General Investment Authority, HDFC, ….

 9. Cordis.us

With a rich history of over seven years in the realm of business automation systems, Cordie.us stands as a testament to unwavering dedication towards development. The company takes immense pride in its acclaimed technological solution, Value Creation Automation.

Cordie’s driving force emanates from a deep wellspring of inspiration, unwavering commitment, and a culture of innovation. This is exemplified by creating a versatile business ecosystem that benefits all stakeholders. The company has invested substantial time and expertise in crafting a robust management framework. 

This framework, coupled with the integration of cutting-edge applications, forms the backbone of an expansive ERP system technology. This technology is designed to recognize and proactively respond to all elements that influence business success, thereby solidifying Cordie’s commitment to facilitating business achievements.

Services:

• Digital Presence Package
• Cybersecurity Compliance Certification
• Custom Software Development
• Start-Up Service Package

10. Bilytica

Bilytica stands as a prominent BI consultancy firm, drawing upon years of extensive consulting expertise in various fields, including Business Intelligence, Data Science, Machine Learning, Big Data, Artificial Intelligence (AI), Data Warehousing, Application Development, and Data Integration solutions.

As one of the top 20 offshore companies in Saudi Arabia, Bilytica’s mission is to shine as a beacon of excellence in business intelligence and data analytics markets. Their approach is designed to guide you seamlessly from raw data to informed decisions, eliminating the need for guesswork in the decision-making process.

Services:

• Cloud Services
• Software Development
• Managed Services
• Offshore Outsourcing

Major clients: Anumara Capital, Ooredoo, McKinsey&Company

11. Microcare software

Microcare, situated in Amman, Al Karak, Riyadh, Jeddah, and Hyderabad – India, is a bespoke services company with extensive knowledge across diverse sectors of software and marketing.  

Leveraging their deep business acumen and technological proficiency, Microcare is poised to provide clients with potent solutions and strategies that harmonize seamlessly with their enduring business objectives.

As one of the top 20 offshore companies in Saudi Arabia, Microcare offers a range of strategic services encompassing enterprise solutions, medical and dental informatics, e-marketing, client relationship management, and other essential competencies. These services are available on both On-Premises and web-based platforms.

Services:

• ERP Platform
• Medical Informatics
• Mobile App.
• Cloud Development
• Digital Marketing
• IT Consultancy

12. Business Experts Gulf Group

Business Experts Gulf stands as a prominent and top-tier service provider, serving the entirety of the Gulf and Levant region. Distinguished as a pioneer, this company is one of the earliest Microsoft partners to attain the coveted Microsoft Solutions Partner title.  

Over a span of 17 years, it has specialized in Dynamics Industry and Business Solutions, maintaining an impeccable track record of a “Zero Failed Implementation Rate.”

Business Experts Gulf has successfully executed over a hundred implementations, catering to local small to mid-sized enterprises and esteemed global corporations. Their expertise extends to providing both On-premise solutions and cutting-edge Cloud solutions and platforms.

Services: 

• Implementation Service
• Cloud Management and Support
• Business Process Consulting
• E-Invoicing Services
• Digital Transformation
• System Integration

Major clients: Planet Group, AI Tannan, Aquacool Metering, ….

13. Reality Code

Reality Code is a proficient enterprise dedicated to digitalization and automation, grounded in local open-source systems.  

With a strong ambition to set the benchmark in the industry, Reality Code aims to exemplify excellence and cater to the Saudi and Gulf markets in an unparalleled manner. They are committed to adhering to best practices and offering localized tools enriched with global perspectives.

Reality Code places user needs and business objectives at the core of their processes, constructing solutions that stimulate engagement. They prioritize delivering a high-impact user experience and actively integrate feedback directly into their processes.

Reality Code integrates a comprehensive infrastructure for development management, encompassing version control, system updates, rapid anomaly troubleshooting, and the adept selection of suitable technologies. This infrastructure seamlessly integrates diverse technologies to ensure smooth operations.

Services:

• Odoo ERP System
• Software Development
• Mobile Application Development
• Web Development
• Outsourcing

Major clients: Shield IT, Odoo, Armor Integrated, ….

14. Squadio

Established in 2010 by Saudi youth with a vision to revolutionize the technology sector, Squadio by Ibtikar has emerged as the premier hub for software talent in KSA. Their mission is to provide exceptional software teams, setting new standards in the industry.

As one of the top 20 offshore companies in Saudi Arabia, Squadio constitutes an exclusive community comprising exceptional software developers, designers, data experts, product managers, and project managers from across the globe.

Services:

• CTO as a service: Hire a chief Technology officer on a short-term or long-term basis to lead your development teams and develop your technology strategy.
• Squad as a service: Get matched with vetted engineers worldwide, and hire them without the overhead.
• Creative lab: Squadio provides you with a project manager and a product designer to start working on your product’s idea with the most suitable methodology and provide you with a prototype.

Major clients: HRCOM, Mallers, Sabbar, ….

15. Creative Solutions

Based in Riyadh, Creative Solutions specializes in creating web and mobile applications, alongside software-driven solutions like attendance software and helpdesk software.  

Creative Solutions’ collaboration spans clients of varying scales, assisting them in realizing their business aspirations through inventive and user-friendly resolutions. Beyond software offerings, Creative Solutions extends its expertise to hardware services such as drive-thru systems, time and attendance systems, and CCTV systems. 

An amalgamation of experience and proficiency, Creative Solutions is positioned as a significant contender in furnishing IT solutions across diverse business landscapes. Since its inception in January 2003, Creative Solutions has offered various technical consulting and systems integration services. These services empower clients to blueprint, execute, and oversee intricate network computing setups within business contexts.

Services:

• Smartphone Application Development
• Custom Software Development
• Website Development
• E-Commerce Development
• IT Infrastructure Implementation
• System Integration
• Network Support & AMC
• ERP Solution
• POS Solution
• SEO

Major clients: Alshaya Group, Arabian Health Care, Gulf Taleed, ….

 16. ilmam

ilmam is a digital studio dedicated to constructing technology-driven enterprises. With a distinct focus on delivering comprehensive digital solutions across multiple domains, ilmam offers versatile and adaptable business models tailored to each customer’s preferences.

ilmam is dedicated to delivering personalized, precise, and inventive solutions by harnessing state-of-the-art technologies. With a vision of reshaping the utilization of technology in resolving significant digital challenges faced by businesses, ilmam strives to redefine industry norms.

The guiding actions of ilmam stem from the ingrained values in every team member. This ethos resonates in the services provided by ilmam and the enduring partnerships it maintains with its clients. Every accomplishment is rooted in these core principles.

Within ilmam’s virtual studio, the focus is on assisting in creating thriving, sustainable, and expandable businesses. Leveraging their expertise, resources, and network, they meticulously curate, validate, and launch concepts to transform them into extraordinary success stories.

Services:

• Website Development
• App Development
• Digital Platforms
• Brand Creation
• Search Engine Optimization
• UX UI Design

Major clients: Bayn, Lelbai, Tourmatch, ….

17. Cipher Solutions

Cipher Solutions stands as a swiftly expanding, high-caliber startup specializing in custom software development. They focus on crafting elegantly designed, high-performance software that adds remarkable value to small and medium-sized clients. The company’s distinct approach combines imaginative artists and creative thinkers with skilled and enthusiastic technologists.

Cipher is characterized by its innovative technologists who propel business transformations by creating intricate Management Systems Web Solutions and Native Mobile Applications. As a comprehensive custom software development entity, Cipher Solutions is poised to address all your software requirements with expertise and dedication.

Services:

• Website Development
• Mobile App Development
• Customized Management Systems
• Smart Support Services
• Business Services
• Security Solutions

Major clients: Soft Port, Garcon, Cipher IT, …..

18. Olivo Technologies

Olivo Technologies is a prominent Information Technology Solutions and Services company with a worldwide footprint. Their overarching vision and objective revolve around providing unparalleled solutions that address clients’ diverse needs. A driving force for Olivo Technologies is its emphasis on innovation and outstanding design, enabling them to readily adopt novel concepts as they emerge.

Over the recent years, the Olivo Technologies group has demonstrated excellence in website design, website development, software creation, intranet and internet solutions, and multimedia solutions. By maintaining consistent communication with clients throughout every phase of development, the company ensures mutual success in achieving set goals.

Services:

• Software
• Website solutions
• Branding
• Creative
• Technology

Major clients: Akel Trading, Icon Training, Volta Batteries, ….

19. Proven Solution

Proven Solution, a cutting-edge initiative launched by Proven Arabia, is a startup focused on pioneering technological advancements, particularly in the realms of robotics and virtual reality. Within Proven Solution, developers are committed to forging a future in which technology and human interaction seamlessly coexist.

Proven Solution’s comprehensive service portfolio is meticulously designed to cater to a world where digitalized business operations, customer-centric engagements, and a symbiotic relationship between humans and robots are the prevailing standards. 

While advancements have been made in these domains, Proven Solution aspires to transcend these innovations, ushering in transformative changes to the industry. The company’s goal is to unite various technological components under one roof, thereby enhancing its ability to better serve its clientele.

Services:

• Artificial Intelligenсe: Leveraging AI to create tailored applications and devices that empower you to conduct business more intelligently and with enhanced efficiency.
• AR/VR solutions: Crafting groundbreaking Virtual Reality (VR) and Augmented Reality (AR) solutions, seamlessly integrating futuristic technologies into everyday experiences.
• Robotics: Elevate your business with cutting-edge robotics solutions and advanced management systems.

20. Dirayaah Smart Technologies

Dirayaah Smart Technologies creates opportunities for organizations to distinguish themselves by developing advanced software solutions. With decades of involvement in the technology sector, the company boasts substantial expertise.

Operating from various locations worldwide, Dirayaah Smart Technologies relies on its committed IT professionals, the driving force behind its achievements. The company extends its services to a diverse clientele, including governments, corporations, TV satellites, public and private sectors, as well as educational partners.

Services:

• Business Blueprinting
• Solution Design
• Software Development
• User Experience (UX) Research And Strategy
• Outsourcing

Major clients: Alrasheed Media, Procare, STC, ….

The challenges of working with offshore companies in Saudi Arabia

Working with offshore companies in Saudi Arabia, like any other country, can present unique challenges and considerations. Offshore companies are typically established in jurisdictions with favorable tax and regulatory environments, and they offer various benefits such as asset protection and reduced tax liabilities. 

However, there are potential challenges that businesses might encounter when working with offshore companies in Saudi Arabia:

• Cultural Differences and Language Barrier: Saudi Arabia has a distinct culture and business method. Cultural differences and the language barrier can sometimes lead to miscommunication, misunderstandings, and delays in decision-making. Awareness of cultural norms and practices is essential to ensure effective communication and collaboration.
• Regulatory Complexity: Navigating the regulatory landscape in Saudi Arabia can be complex, especially when dealing with offshore companies. Regulations related to foreign investment, ownership restrictions, and business licensing can vary and change over time. Staying up-to-date with the latest regulatory changes is crucial to avoid legal issues.
• Legal Compliance: Ensuring legal compliance with both Saudi Arabian laws and the regulations of the offshore jurisdiction can be challenging. This includes adhering to tax laws, corporate governance requirements, and any specific regulations related to the industry in which the offshore company operates.
• Contract Enforcement: Enforcing contracts and resolving disputes can be challenging when working across international borders. Different legal systems, jurisdictional issues, and cultural nuances can complicate enforcing agreements and resolving conflicts.
• Communication and Time Zone Differences: Offshore companies are often located in different time zones, leading to delays in communication and decision-making. Coordinating meetings and maintaining open lines of communication can be challenging when there’s a significant time difference.
• Tax and Financial Considerations: While offshore companies can offer tax benefits, it’s important to fully understand the tax implications of operating in both Saudi Arabia and the offshore jurisdiction. Meeting reporting requirements and avoiding potential double taxation is essential.
• Local Partner Requirements: In Saudi Arabia, foreign companies might need to partner with local sponsors or partners to operate within certain industries. Navigating these partnerships and ensuring a mutually beneficial arrangement can be complex.
• Cybersecurity and Data Privacy: Protecting sensitive business information and customer data is a concern in any international business relationship. Different data protection regulations and cybersecurity standards might apply in Saudi Arabia and offshore jurisdictions.
• Political and Economic Instability: Like any country, Saudi Arabia might experience political and economic changes that could impact the business environment. Being prepared for potential instability and adapting to changing circumstances is important.

With all the challenges mentioned above, some of you may now feel uncertain. However, your concern will soon be solved, as Mageplaza is here to help you. Mageplaza is a team of high-skilled developers specializing in Magento-based platforms and very dedicated to the customers whom they serve. 

Some of the problems mentioned above that Mageplaza can help you to overcome: 

• Transparent communication: No need to worry about communication and time zone differences! When working with Mageplaza, You have the complete ability to oversee the entire process by engaging in daily communication with both managers and developers throughout the phase.
• Cost-effective model: Reduce the burden of tax and financial considerations as you can choose a suitable hiring model with a feasible price, starting from only 15$ per hour. Plus, there is one more option called “pay-as-you-go” if you do not want to commit to long-term contracts
• High-quality development: Get rid of all the worries about cybersecurity and data privacy as you have a team of passionate and skillful developers who will help you to consistently perform testing before each release to ensure a smooth and satisfactory journey for both store owners and customers

GIVE US A TRY RIGHT AWAY

The bottom line

In the realm of business possibilities, offshore companies have emerged as a compelling avenue for growth and global engagement in Saudi Arabia. By approaching offshore ventures with a blend of caution and strategic acumen, businesses can unlock new opportunities, foster international partnerships, and contribute to the ongoing transformation of Saudi Arabia’s economic landscape.