Ideon Business Consultancy (IBC)

About Ideon Business Consultancy (IBC)

Ideon Business Consultancy is a Jeddah-based practice that combines accounting, taxation and company set-up for businesses operating in Saudi Arabia. The team draws on experience in both the Kingdom and India and serves start-ups, small and medium enterprises and international investors who want to establish themselves locally. Its incorporation offer includes wholly foreign-owned companies, companies owned by Saudi nationals, limited liability companies and sole-proprietor establishments, plus support for multi-country set-ups. Once a business is running, the firm takes over statutory compliance, bookkeeping, financial statements and audit coordination. A government-relations desk handles interaction with the investment ministry, the tax authority, the chamber of commerce and labour platforms. The website is in English and states that more than 500 clients have been served. No fee schedule is published, and enquiries start with a free consultation.

Services

Incorporation covers foreign-owned and Saudi-owned companies, LLCs and establishments. The accounting side provides bookkeeping, financial statements, payroll, budgeting, management reporting and CFO support. Audit and tax work includes statutory and internal audit, cost audit, local content certification, zakat, VAT, corporate and withholding tax consulting, and preparation for VAT and zakat inspections. Government relations services cover visas, work permits, residence renewals, labour and social insurance compliance, municipal approvals and licence renewals.

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