Accountants and corporate service providers in Dammam

Industries and clients in Dammam

Manufacturing, industrial work and start-ups are named by two Dammam firms each. Construction, contracting, trading, logistics, technology, healthcare, tourism, food and beverage, professional services and creative agencies are named by one each. The industrial thread matters if you run a plant or a contracting business, so ask how the firm handles inventory, fixed assets and project accounting before you compare fees.

Start-ups are the client group named most in Dammam, by five firms, and foreign investors by three. Seven of the 13 say they focus on foreign clients. Individual profiles name foreign parent companies, Gulf-based companies entering Saudi Arabia, mixed and foreign companies and Saudi SMEs. Four firms handle LLCs, three handle branches and three regional headquarters, and two each handle joint stock companies and branches of foreign companies. Single Dammam firms mention a special economic zone company, an entrepreneur licence company and a technical or scientific office.

Services in Dammam

All 13 offer company formation. Twelve handle accounting, tax compliance and VAT. Eight run payroll, seven offer audit, seven help with residence and visas and five assist with bank accounts. One offers a virtual office and none in Dammam offers corporate secretarial work, so a group that needs board resolutions drafted and company records kept should ask whether the firm can arrange that through a partner.

English is offered by 12 firms, Arabic by 11 and Malayalam by one. Five firms state a founding year, the oldest 1987 and the median 2016. Three publish prices.

The licences declared in Dammam lean towards audit and accounting: a SOCPA-registered audit firm, a SOCPA-licensed auditor and an accounting and auditing practice licence all appear, as do a bankruptcy trustee licence and a certificate for supervising off-plan sales accounts. If you need an audited set of accounts, ask for the licence number of the person who will sign it and check it with the issuing body.

Choosing a Dammam firm

Because 12 of the 13 are small, ask how many people will work on your file, how quickly the firm answers a query from the authorities and in which language it sends you the working papers. Ask too which zakat, income tax and VAT returns it prepares itself and which it passes to someone else. The Saudi Arabia guide explains the legal steps, and the page on company formation in Saudi Arabia covers choosing a provider.

Neighbouring Al Khobar has eight firms, almost all corporate service providers, so the two lists complement each other: accounting depth in Dammam, set-up and licensing work next door. Riyadh and Jeddah have their own pages. One request through Accountanty can reach firms in Dammam and nearby.