tax it Management Consultancy (TaxIT)

About tax it Management Consultancy (TaxIT)

Founded in 2013 and headquartered in Al Khobar, this consultancy specialises in helping foreign investors enter the Saudi market. It states that it has completed more than 500 company incorporations, and its work covers the full path from foreign investment licensing with the Ministry of Investment through commercial registration, labour-ministry enrolment, manager visas and corporate banking. After set-up it stays on as outsourced accountant, VAT and e-invoicing adviser, payroll and HR administrator and part-time finance director for small and medium businesses. The team also implements Zoho and Odoo accounting systems adapted to Saudi e-invoicing rules and advises suppliers to Aramco on vendor registration and local-content certification. Besides the Eastern Province base it works from Dammam, Riyadh and Jeddah, with affiliated offices in Bahrain, the UAE and India. Service pages and guides are written in English.

Services

Foreign investment licence applications across all eight licence categories, commercial registration, labour-ministry and work-permit processing, general manager visa and iqama facilitation, and registration on the government portals. Corporate bank account opening advice. Licence renewals, amendments and cancellations. Bookkeeping and outsourced accounting, VAT registration and filing, e-invoicing integration, and cross-border tax planning. Payroll and HR administration. Flexible co-working desks and registered business addresses in Al Khobar. Market-entry feasibility studies.

• ✓ Company formation: offered
• ✓ Accounting and bookkeeping: offered
• ✓ Tax compliance: offered
• ✓ VAT: offered
• ✓ Payroll: offered
• ✕ Audit: not listed
• ✓ Bank account assistance: offered
• ✓ Residency and visas: offered
• ✕ Corporate secretarial: not listed
• ✓ Virtual office: offered

Licences and registrations

• MISA-approved consultancy

As declared by the firm. Check a licence with the regulator before you rely on it.