Annual financial statements, statutory audit and Qawaem filing within six months

We close your books, prepare statements under the Saudi framework, work with a SOCPA-licensed auditor, and file on Qawaem in time, with numbers that match your Zakat or tax return.

SAR 6,000Annual

For: All Saudi companies: LLCs, joint stock and simplified joint stock companies and partnerships, including foreign-owned ones that cannot use the small company audit exemption.

What we need from you

Year-end trial balance
Statements
Bank confirmations
Audit
Fixed assets and inventory count
Audit
Shareholder list and nationality
Audit exemption test; foreign companies excluded
Employee count and turnover
Micro or small test

What we discuss

Are you micro or small and Saudi owned?
May be exempt from audit
Foreign ownership?
Exemption does not apply; ZATCA needs audited statements
Losses over half of capital?
Partners meeting under Art 182
Auditor appointed?
Book early for the 120-day tax deadline

What we file

Prepare statements
Audit
File on Qawaem
Half-capital test
Example: capital SAR 500,000, accumulated losses SAR 300,000 > 250,000, so call partners meeting

What you get

Signed statements
Qawaem filing proof

The law

Companies Law (effective 19 January 2023): One person can own an LLC; financial statements deposited within 6 months of year end Source
Art 19, Companies Law (audit exemption): Micro and small companies may be exempt from appointing an auditor; not foreign micro and small companies Source
Art 182, Companies Law: LLC managers must call a partners meeting when losses reach half of capital Source
Ministry of Commerce guidance on filing financial statements: Statements filed on Qawaem within six months of year end by the manager or board Source

Questions people ask

Online payment in SAR is not open yet. Send us a message and an adviser for Saudi Arabia confirms the scope and the fee before any work starts.