Saudi Arabia Activity Code for Property Developer

Industry Sector: Real Estate & Property Management | Official Classification: SSIC 681010 — Buying and selling land and real estate, dividing them and off-plan sales activities
Authoritative Standard: Saudi SSIC 2026

Executive Summary & Official Classification

To legally establish or license a Property Developer (بيع وتأجير مشروعات عقارية على الخارطة) in the Kingdom of Saudi Arabia, the official primary economic activity code registered with the Ministry of Commerce (MC) and municipal authorities is SSIC 681010 — Buying and selling land and real estate, dividing them and off-plan sales activities.

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

Key Facts & Regulatory Matrix for Property Developer

Practical Business Setup Workflow in Saudi Arabia

1. Commercial Registration (CR) Issuance: Log in to the Ministry of Commerce portal and select primary activity code 681010.
2. Municipal Licensing (Balady Portal): Apply for the commercial premise license adhering to municipal shop, safety, and parking requirements under code 681010.
3. 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.
4. 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.
5. 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 Property Developer

Frequently Asked Questions (FAQ)

1. What is the official Saudi SSIC activity code for a Property Developer?

The official primary classification code is SSIC 681010 (Buying and selling land and real estate, dividing them and off-plan sales activities).

2. Can foreign investors open a Property Developer 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 Property Developer operations?

Supervision is overseen by Real Estate General Authority, 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 681010.

Related Real Estate & Property Management Businesses: Industrial Real Estate Agency · Property management company

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