Tax Haven (Bahrain, UAE, BVI, Etc.)
Setting up a company in a tax haven offers multiple advantages such as reduced tax liabilities, asset protection, and global expansion. For Saudi-based entrepreneurs, utilizing jurisdictions like Bahrain, UAE, British Virgin Islands (BVI), and others can support cross-border growth while staying compliant with local regulations. MHK Services provides reliable support for tax haven company formation for Saudi businesses, ensuring legal, strategic, and tax-efficient outcomes.
Why Saudi Businesses Use Tax Havens With MHK Services
Whether it’s for holding international assets, operating a global trading business, or optimizing corporate taxes, tax havens serve as efficient platforms. However, Saudi authorities now require UBO (Ultimate Beneficial Owner) and ESR (Economic Substance Regulations) disclosures for any foreign entity linked to Saudi nationals or companies.
MHK Services ensures your offshore setup is recognized, legally valid, and properly structured to avoid future regulatory or financial risks in Saudi Arabia.
Which Tax Haven Jurisdictions Do We Support?
We assist with formation and advisory in the following tax-friendly jurisdictions:
- Bahrain (0% corporate tax, proximity to Saudi Arabia)
- UAE (Mainland and Free Zones – no personal income tax)
- British Virgin Islands (BVI)
- Cayman Islands
- Seychelles
- Mauritius
- Hong Kong
- Delaware (USA – favorable holding structures)
MHK Services helps you select the best location based on your business goals, bank preferences, and compliance exposure in Saudi Arabia.
Investment & Corporate Advisory Services We Offer
Is It Legal For Saudi Entrepreneurs To Use Tax Havens?
Yes, Saudi individuals and businesses are allowed to hold entities in tax havens. However, authorities such as ZATCA (Tax Authority) require full disclosure of ownership, income source, and compliance with UBO and ESR regulations if the company is linked to any Saudi operation or investor.
MHK Services handles these technicalities to ensure your foreign entity structure does not violate local laws.
Estimated Pricing, Timeline, And Setup Process
Estimated Pricing
Tax haven company setup pricing varies based on jurisdiction and services required. Setup in BVI or Seychelles starts from SAR 10,000, while UAE Free Zone or Bahrain WLL companies may cost SAR 15,000 to SAR 30,000+, including license fees, registered agent services, and documentation. A complete quote is shared based on your chosen structure.
Estimated Timeline
Formation typically takes 5–10 working days depending on the jurisdiction. Banking setup and notarization may add 1–2 weeks. MHK Services manages the entire process efficiently, keeping you updated at every step.
How The Process Works
We begin by consulting with you to select the appropriate tax haven. Then, we prepare company documents, submit incorporation applications, arrange registered agents, and support international bank account setup. We also guide you on ESR declarations and UBO filings relevant to your Saudi business ties.
Benefits Of Setting Up In A Tax Haven
Tax haven jurisdictions offer:
- Low or zero corporate and income taxes
- Full foreign ownership with no local sponsor needed
- Simplified company laws and privacy protections
- Flexible currency movement and banking
- Holding structure for global subsidiaries
- Credibility in international trading environments
MHK Services helps you tap into these benefits while staying compliant in Saudi Arabia.
Contact Us
Book an Appointment with Us
Schedule a consultation with MHK Services today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
What Risks Arise Without Professional Handling?
Setting up in a tax haven without proper guidance may lead to:
- Blacklisted jurisdictions or rejected banking
- Failure to disclose UBO information in Saudi Arabia
- Violation of ESR laws leading to fines
- Misalignment between offshore and onshore structures
- Inability to repatriate profits legally
- Unclear legal ownership in multi-layered setups
How MHK Services Ensures Safe And Compliant Tax Haven Setup
We ensure Tax Haven:
- Jurisdiction selection aligned with your business goals
- Transparent legal structure and shareholder identity
- Proper documentation and bank coordination
- UBO declaration for ZATCA and MoC (if required)
- ESR compliance monitoring and advisory
- Renewals, filings, and representation as needed
Why Choose MHK For Tax Haven Advisory In Saudi Arabia?
MHK Services understands the global and local regulatory framework. We help Saudi-based entrepreneurs create reliable, tax-efficient structures without risking compliance or banking restrictions.
Ready To Expand Through A Global Tax-Friendly Jurisdiction?
Let MHK Services help you build a legally sound, tax-efficient entity in Bahrain, UAE, BVI, or other leading jurisdictions — while ensuring full alignment with Saudi Arabian laws.
FAQ's
Saudi Arabia is regarded as an offshore tax haven because of its particular laws, which include no personal income tax and competitive tax rates for businesses, making it an enticing destination for asset conservation.
Withholding tax affects many financial activities, and knowing its ramifications is critical for both people and organizations.
MHK Services assists customers in navigating tax issues by providing complete services such as tax planning, compliance, entity structuring, and expert consultation.