Saudi Arabia Activity Code for Accounting firm

Industry Sector: Finance, Insurance & Banking | Official Classification: SSIC 692010 — examination of accounts and certification of their accuracy
Authoritative Standard: Saudi SSIC 2026

Executive Summary & Official Classification

To legally establish or license a Accounting firm (شركة محاسبة ومراجعة قانونية) in the Kingdom of Saudi Arabia, the official primary economic activity code registered with the Ministry of Commerce (MC) and municipal authorities is SSIC 692010 — examination of accounts and certification of their accuracy.

This classification governs municipal commercial zoning on the Balady portal, MISA foreign investment licensing (subject to sector criteria), Qiwa electronic employment contracts, and Nitaqat Saudization benchmarks under the Ministry of Human Resources and Social Development (MHRSD).

Primary Classification Entity

★ Official Primary Classification Code

Saudi SSIC Code: SSIC 692010 — examination of accounts and certification of their accuracy

Arabic Designation: أنشطة المراجعة وتدقيق الحسابات

Parent Economic Group: 6920 — Accounting, bookkeeping and auditing activities; tax consultancy

Section Category: Section M — Professional, scientific and technical activities

Governing Authority: Saudi Organization for Chartered and Professional Accountants - SOCPA

Municipal / Sectoral License: Saudi Organization for Chartered and Professional Accountants - SOCPA

View Complete SSIC 692010 Specifications & Compliance →

Key Facts & Regulatory Matrix for Accounting firm

Regulatory Parameter	Specification in Saudi Arabia
Business Entity / Activity	Accounting firm (شركة محاسبة ومراجعة قانونية)
Primary Saudi SSIC Code	`692010` — examination of accounts and certification of their accuracy
Parent Classification Group	`6920` — Accounting, bookkeeping and auditing activities; tax consultancy
Economic Section Category	`Section M` — Professional, scientific and technical activities
Industry Sector	Finance, Insurance & Banking
Supervisory Government Body	Saudi Organization for Chartered and Professional Accountants - SOCPA
Operational Licensing Portal	Saudi Organization for Chartered and Professional Accountants - SOCPA
MISA Foreign Investment	Eligible under general regulatory framework (Subject to MISA criteria & sector rules)
Commercial Registration (CR)	Instant Digital Issuance via Ministry of Commerce
Labor & Saudization Compliance	Qiwa Portal & Nitaqat Framework (Benchmark depends on company headcount)

Practical Business Setup Workflow in Saudi Arabia

Commercial Registration (CR) Issuance: Log in to the Ministry of Commerce portal and select primary activity code 692010.
Municipal Licensing (Balady Portal): Apply for the commercial premise license adhering to municipal shop, safety, and parking requirements under code 692010.
MISA Foreign Investment License: International investors can apply for a MISA foreign investment license subject to standard regulatory guidelines under Saudi foreign investment regulations. Review our MISA License Guide.
ZATCA Tax & Zakat Enrollment: Automatic registration for Corporate Income Tax (20% for foreign shares) or Zakat (2.5% for Saudi/GCC shares), along with 15% VAT and Fatoora e-invoicing. See ZATCA Tax Guide.
Qiwa Portal & Saudization: Register Saudi and expat employees in Qiwa under approved SSCO Occupational Codes to maintain a compliant Nitaqat tier. Check our Nitaqat Saudization Guide.

Regulatory & Classification Status for Accounting firm

Verification Parameter	Official Status	Verification Source
Commercial Code Mapping	✅ Standard Match	Mapped to primary activity `SSIC 692010`
GASTAT National Framework	✅ Active Standard	Official Saudi SSIC 2025/2026 Edition
Instant CR Issuance (Ministry of Commerce)	✅ Eligible	Commercial Registration Law (Direct Digital Issuance)
MISA Foreign Investment Eligibility	✅ General Framework	Foreign investment permitted subject to MISA licensing criteria
Licensing Platform	✅ Documented	Saudi Organization for Chartered and Professional Accountants - SOCPA

Frequently Asked Questions (FAQ)

1. What is the official Saudi SSIC activity code for a Accounting firm?

The official primary classification code is SSIC 692010 (examination of accounts and certification of their accuracy).

2. Can foreign investors open a Accounting firm in Saudi Arabia?

Yes. Under the Ministry of Investment (MISA) regulatory framework, foreign companies and entrepreneurs can establish commercial entities subject to standard licensing rules.

3. Which government authority licenses Accounting firm operations?

Supervision is overseen by Saudi Organization for Chartered and Professional Accountants - SOCPA, and municipal premises licenses are issued via the Balady portal.

4. How do I add this activity to an existing Commercial Registration (CR)?

You can amend your Commercial Registration online through the Ministry of Commerce portal by adding code 692010.

Related Finance, Insurance & Banking Businesses: Accountant · Auditor · Bank · Blood bank · Bookkeeping service · Chartered accountant

Official Source Attribution & Disclaimer

Official Classification Standard: General Authority for Statistics (GASTAT) — SSIC 2026.

Primary Entity Reference: SSIC 692010 — examination of accounts and certification of their accuracy

This page is an independent regulatory lookup tool. Always verify specific commercial activity requirements on official government portals (Ministry of Commerce, MISA, Balady, and ZATCA) before finalizing legal filings.