Accounting Services in Saudi Arabia

Our accounting services in Saudi Arabia are for any Limited Liability Company (LLC), particularly those with foreign investment, that needs to ensure full compliance with the financial regulations of the Kingdom. This is critical for businesses needing to file annual Zakat & Tax returns, adhere to ZATCA's e-invoicing requirements, and prepare mandatory audited financial statements for MISA license renewal. It is designed for founders who need reliable financial data for decision-making and absolute peace of mind on compliance in a strict regulatory environment.

Under Saudi law, maintaining proper accounting records is mandatory from the day of incorporation. Professional accounting becomes non-negotiable when preparing the annual financial statements, which must be audited by a licensed Saudi auditor. These audited financials are required for filing the annual tax/Zakat declaration with ZATCA and are often a prerequisite for renewing your MISA investment license.

Outsourcing your accounting provides access to professional expertise at a predictable monthly cost, which is far lower than hiring an in-house Saudi finance manager. Typical costs in KSA are:

• **Small Businesses / Low Transaction Volume:** SAR 2,500 – SAR 5,000 per month.
• **Growing Companies or those requiring regular reporting:** SAR 5,000 – SAR 10,000 per month.
• **Annual Audit Fees:** These are separate from monthly accounting and typically range from SAR 15,000 to SAR 40,000+, depending on the complexity of the business.

Improper accounting in Saudi Arabia can lead to severe financial and operational consequences:

• **ZATCA Penalties:** The Zakat, Tax and Customs Authority imposes significant fines for incorrect or late Zakat/Tax declarations and VAT filings.
• **Failed Audits & MISA Issues:** Inaccurate books will lead to a qualified audit report. MISA may refuse to renew your investment license without a clean, unqualified audit report.
• **Inability to Renew CR:** The Ministry of Commerce may block the renewal of your Commercial Registration (CR) if your company is not in good standing with ZATCA.
• **Bank Account Difficulties:** Banks may require audited financials to maintain corporate accounts or provide financing.

Outsourcing your accounting to YourLegal is the most effective way to navigate the KSA's complex regulatory landscape. Our team of qualified accountants ensures your books are compliant with the standards set by the Saudi Organization for Chartered and Professional Accountants (SOCPA) and are always ready for your annual audit. We manage your Zakat/Tax obligations, protecting you from ZATCA penalties. By handling the financial complexities, we provide the clarity and confidence you need to run your business, make strategic decisions, and satisfy all legal requirements without the significant cost and burden of an in-house finance department. This service is a foundational element that works with our tax compliance solutions.