Saudi Arabia SSIC Code 702020: Accounting consulting activities and development of policies and procedures

Saudi Standard Industrial Classification (SSIC 2026)
Classification Level: Activity | Official Code: 702020

Executive Summary & Classification Scope

SSIC code 702020 designates Accounting consulting activities and development of policies and procedures (أنشطة الاستشارات المحاسبية ووضع السياسات والاجراءات) under the official Saudi Standard Industrial Classification (January 2025 / 2026 Edition, based on UN ISIC Rev. 4) administered by the General Authority for Statistics (GASTAT).

It serves as the mandatory regulatory benchmark for Commercial Registration (CR) with the Ministry of Commerce, MISA foreign investment licensing (allowing up to 100% foreign equity ownership), municipal permits on the Balady portal, and Nitaqat Saudization quota determinations by MHRSD.

Key Classification Facts

Parameter	Official Value
Saudi SSIC Code	`702020`
Official Title (EN)	Accounting consulting activities and development of policies and procedures
Official Title (AR)	أنشطة الاستشارات المحاسبية ووضع السياسات والاجراءات
Classification Level	Activity
Section Category	Section M — Professional, scientific and technical activities
Parent Entity Code	`7020` — Management consultancy activities
Supervisory Authority	Saudi Organization for Chartered and Professional Accountants - SOCPA
Licensing Entity	Saudi Organization for Chartered and Professional Accountants - SOCPA
Standard Custodian	General Authority for Statistics (GASTAT)
Edition / Version	SSIC 2025 / 2026 Edition

Code	Title (EN)	Title (AR)	Details
`702011`	Granting certificates of conformity for management systems	منح شهادات المطابقة لنظم الإدارة	View Code 702011 →
`702012`	Validation of documents and data	التحقق من صحة الوثائق والمستندات والبيانات	View Code 702012 →
`702013`	Management consulting activities	أنشطة الاستشارات الإدارية	View Code 702013 →
`702014`	Rehabilitation and restructuring of the administrative? financial and operations of the establishments	إعادة تأهيل وهيكلة العمليات الإدارية والمالية والتشغيلية للمنشآت	View Code 702014 →
`702015`	Public relations and communication	العلاقات العامة والاتصال	View Code 702015 →
`702016`	Labour consulting activities	أنشطة الاستشارات العمالية	View Code 702016 →
`702017`	Providing higher management consulting services	تقديم خدمات الاستشارات الإدارية العليا	View Code 702017 →
`702018`	Sport consulting activities	أنشطة الاستشارات في مجال الرياضة	View Code 702018 →
`702031`	Revenue cycle management	إدارة دورة الإيرادات	View Code 702031 →

Regulatory & Business Setup Use Cases in Saudi Arabia

Ministry of Commerce (MC): Required on your Saudi Commercial Registration (CR) to legally define the company’s business activities.
Ministry of Investment (MISA): Determines eligibility for 100% foreign-owned investment licenses and capital requirements. See our MISA Licensing Guide.
ZATCA Taxation & Zakat: Activity categorization for Corporate Income Tax (20%), Zakat (2.5%), and 15% VAT filing rules. See our ZATCA Tax Guide.
MHRSD / Qiwa (Nitaqat Quotas): Determines the required percentage of Saudi national employees. Check our Nitaqat Saudization Guide.
Balady Municipal Licensing: Establishes commercial shop, office, and warehouse zoning compliance.

Compliance & Regulatory Risk Assessment

Assessment Factor	Verification Status	Regulatory Source / Evidence
Official GASTAT Registry	✅ Verified	Confirmed in official GASTAT SSIC January 2025 / 2026 release
ISIC Rev. 4 International Crosswalk	✅ Aligned	Standardized UN International Industrial Classification mapping
Commercial Registration (CR) Active	✅ Eligible	Available for immediate filing on Ministry of Commerce portal
MISA Foreign Investment Path	✅ Permitted	100% foreign equity eligible under MISA investment criteria
5-Tier Structural Hierarchy	✅ Complete	Full parent-child relationship verified from Section to Activity
Overall Regulatory Readiness Score	🟢 10 / 10	Low Compliance Risk / Ready for Commercial Setup

Frequently Asked Questions (FAQ)

1. What does Saudi SSIC code 702020 cover?

SSIC 702020 covers Accounting consulting activities and development of policies and procedures (أنشطة الاستشارات المحاسبية ووضع السياسات والاجراءات) under Saudi Arabia’s official industrial classification system.

2. Which authority regulates activities under SSIC 702020?

Activities under this code fall under the supervision of Saudi Organization for Chartered and Professional Accountants - SOCPA.

3. Can international investors establish a business with code 702020?

Yes. In most sectors, the Ministry of Investment (MISA) permits 100% foreign equity ownership. Refer to our MISA Guide for full requirements.

4. How does SSIC 702020 affect my company’s Nitaqat rating?

MHRSD calculates your Saudization tier based on your primary SSIC activity registered on your Commercial Registration.

Official Source Attribution & Disclaimer

Primary Data Source: General Authority for Statistics (GASTAT) — National Classification for Economic Activities.

Commercial Portal: Ministry of Commerce (MC)

This page is an independent reference resource. Cross-verify critical licensing details on official government portals before filing commercial applications.