Simple limited partnerships

  • Service Description:
This service enables the investor to start practicing commercial activity and establish a simple limited partnership, consisting of two parties: (the general partner), who is responsible for the company’s debts and obligations, and (the testator), who is only responsible to the extent of his share in the capital.
  • Conditions and requirements:
  • The existence of a legal document if one of the partners is a government entity, a civil institution, a charitable association, or an endowment; this authorizes him/her to establish a company or participate in a company.
  • The existence of a license or preliminary approval from the Saudi Central Bank if the activity requires it.
  • The commercial register must not be cancelled, suspended or stopped, if one of the partners is a legal partner.
  • The age must not be less than 18 years, and if the partner is a minor under the age of puberty, a guardianship deed must be submitted.
  • The partners must not be government employees.
  • Verify the following if the company’s status is (professional):
  • The partners must have a valid professional license.
  • The percentage of the licensed Saudi partner in the joint venture company must not be less than 25%.
  • The percentage of licensed partners should not be less than 70%.
  • Service Description:
This service enables the investor to verify the main commercial register data annually.
  • Conditions and requirements:
  • The commercial register must be active.
  • The foreign company must have a valid investment license for a period of no less than (30) days.
  • Fulfilling the requirements for the service of amending the data of the main commercial registry of a company in the event of an amendment.
- Service Description:
This service allows the investor to update the operational licenses associated with the commercial register.
- Requirements and Conditions:
A valid license must exist that includes the activity registered in the commercial register.
  • Service Description:
This service enables the investor to lift the suspension of the company’s main commercial register after the expiry of the (90) day period from the date of the annual confirmation due date.
  • Conditions and requirements:
  • The commercial register status is suspended.
  • The foreign company must have a valid investment license for a period of no less than (30) days.
  • Fulfilling the requirements for the service of amending the data of the main commercial registry of a company in the event of an amendment.
  • Service Description:
This service enables the investor to transfer the trade name registered in the company's commercial register, acting independently of the store.
  • Conditions and requirements:
  • The applicant or beneficiary must be at least 18 years old.
  • The applicant or beneficiary must not be a government employee.
  • The applicant must be a manager or authorized representative of the company through the Tafawud platform.
  • The name should not be a personal name.
  • The name must be registered in an active commercial register.
  • The transferee must have the same family name, if the trade name is a family name.
  • Service Description:
This service enables the investor to update the data of the main commercial register of a company.
  • Conditions and requirements:
  • The commercial register must be active.
  • The activity must be within the company's objectives.
  • A valid license is required if an activity is added that requires a license prior to issuance.
  • Submit a license cancellation statement if an activity requiring a license is removed before issuance.
  • Specify the practice of e-commerce if the applicant is a practitioner of it.
  • Check the following if the company is foreign:
  • The facility must have an investment license valid for a period of no less than (30) days.
  • The activities added to the application must be compatible with the company’s investment license.
  • Check the following if the company is a joint stock/simplified joint stock company:
  • The presence of the minutes of the meeting.
  • Submit a letter requesting amendments to the company’s publications, certified by the Chamber of Commerce.
  • The members of the Board of Directors shall not be government employees.
  • Service Description:
This service enables the investor to submit a request to amend the directors by an independent decision of the company.
  • Conditions and requirements:
  • The existence of a decision by the partners to appoint the manager, signed and approved by the authorized person.
  • Enter the approval of the appointed manager if he is not linked to the commercial register.
  • Service Description:
This service enables the investor to reserve a trade name for a period of (60) days.
  • Conditions and requirements:
  • At least 18 years old.
  • The applicant must be the beneficiary of the trade name, or an authorized representative.
  • The name must consist of Arabic or Arabized words, Arabic letters or numbers, or one or more of them, in the event that a trade name is reserved in the Arabic language.
  • The name must consist of English words, letters, or numbers, or one or more of them, if a trade name is reserved in English.
  • It must not be contrary to public order or public morals, misleading, or prohibited in use.
  • It shall not resemble a trade name reserved or registered in the commercial register, regardless of the type of activity.
  • It must not resemble a trade name, a globally famous trademark, or a registered or famous trademark in the Kingdom.
  • It does not contain any political, military or religious meaning, connotation or content.
  • It must not resemble the name, badge of honor, or symbol of any local, regional, or international organization or any of its institutions.
  • It does not contain a name that is prohibited according to the list of prohibited names.
  • It must not contain the name of a government agency or a semi-government body.
  • Adherence to the controls for reserving or registering the name (Saudi Arabia), or the names of cities, regions, and public places, in accordance with the controls contained in the Trade Names System and its executive regulations.
  • Adherence to the provisions of the executive regulations relating to the reservation of family names as trade names.
  • Submit a letter from the entity requesting the service, if the beneficiary is a government entity or an affiliated entity.
  • Submitting an association license or endowment certificate when requesting to reserve a trade name for an association or endowment.
  • Submit a trademark ownership certificate when applying for a trade name reservation based on a trademark.
  • Service Description:
This service enables the investor to extend the trade name reservation for a similar period, before the reservation period expires.
  • Conditions and requirements:
  • The trade name reservation must be in place.
  • The applicant must be the beneficiary of the trade name, or be authorized by a valid authorization.
  • Service Description:
This service enables the investor to cancel a reserved trade name.
  • Conditions and requirements:
  • The trade name reservation must be in place.
  • The applicant must be the beneficiary of the trade name, or be authorized by a valid authorization.
  • Service Description:
This service enables investors to apply for services that require employee verification.
  • Conditions and requirements:
  • Fulfilling the conditions and requirements according to the type of service required.
  • Service Description:
This service enables investors to identify the natural person who exercises actual and ultimate control over the company, with the aim of achieving transparency in economic and financial transactions.
  • Conditions and requirements:
  • At least 18 years old.
  • The company is not in the process of liquidation according to the bankruptcy law.
  • The applicant must be one of the parties registered in the main commercial register or their representative, according to the company’s description.
  • There must be at least one beneficiary registered in the beneficial owner register if no exemption is added.
  • Note: Individual data retrieved from the National Information Center cannot be modified. Specific modifications to beneficiary data are permitted. Modifiable data includes: personal data, contact information, and address.
  • Service Description:
This service enables the investor to transfer the trade name registered in the commercial register to a company branch, acting independently from the store.
  • Conditions and requirements:
  • The applicant or beneficiary must be at least 18 years old.
  • The applicant or beneficiary must not be a government employee.
  • The name should not be a personal name.
  • The branch name must not be identical to the main company name.
  • The applicant must be a manager or authorized representative of the company through the Tafawud platform.
  • The name must be registered in an active commercial register.
  • The transferee must have the same family name, if the trade name is a family name.

The steps and procedures

  • The proposed business name is reserved through the Saudi Business Center or the Ministry of Commerce's e-portal. This is a crucial step before initiating the incorporation process.
  • If you are unable to complete the establishment procedures within the specified time, you can extend the reservation period through the Saudi Business Center or the Ministry of Commerce's electronic portal.
  • If your chosen name is rejected, you can file an objection with the Saudi Business Center or the Ministry of Commerce's e-portal to explain why the name is appropriate.
  • If you have reserved a trade name and no longer require it, you can cancel the reservation through the Saudi Business Center so that it becomes available to others.
  • If you decide not to complete the establishment process after reserving the name, you can cancel the entire process through the Saudi Business Center.
  • This step is the legal basis for establishing your business. It takes place at the Saudi Business Center, where the articles of association or basic information for the entity are prepared and the entity's type is determined (sole proprietorship, partnership, limited liability company, joint stock company, or limited partnership).
  • After completing the incorporation procedures, a commercial register is issued, which is the official document authorizing you to practice the activity. This is done at the Saudi Business Center.
  • After obtaining a commercial registration, you must obtain a subscription to the Chamber of Commerce in your region. This service is available through the Chamber of Commerce's website.
  • To ensure your business is operating legally, you must update your operating license information (such as address or activity) with the government agency that issued the license, such as the municipality or the Food and Drug Authority.
  • This procedure is mandatory and is conducted annually through the Saudi Business Center or the Ministry of Commerce's electronic portal, where the validity of all commercial registration data is verified.
  • To ensure the continued validity of the Chamber of Commerce certificate, the subscription must be renewed periodically (usually annually) through the Chamber's website.
  • If any of the organization's data changes, the subscription must be modified through the Chamber's website to reflect the changes.
  • To make any changes to the commercial registration data (such as changing the activity or address), a request must be submitted through the Saudi Business Center or the Ministry of Commerce’s electronic portal.
  • You can amend the terms of the company's articles of association or bylaws (such as adding partners or changing the capital) by submitting a request through the Saudi Business Center.
  • A change in the company's director or board members shall be registered in the Saudi Business Center after a decision is issued by the partners or the general assembly.
  • You must update the company's ultimate beneficiary data (the people who actually benefit) periodically through the Saudi Business Center.
  • In joint-stock companies, the shareholder register at the Securities Depository Center must be updated after any changes in ownership.
  • Shareholders can view the number of their shares through the Securities Depository Center.
  • To obtain an official copy of the commercial registration or a statement of the status of the commercial entity, submit an electronic application through the Saudi Business Center or the Ministry of Commerce's electronic portal.
  • This service is provided at the Saudi Business Center, where the current owner and the new owner submit a request to transfer ownership, and the registration data is updated to be in the name of the new owner.
  • A commercial entity may assign its trade name to another entity through the Saudi Business Center after signing the assignment contract.
  • The process of converting from a sole proprietorship to a company, or from one company to another, takes place at the Saudi Business Center after fulfilling the legal requirements.
  • If the parent company decides to transform one of its branches into an independent legal entity, a formal application must be submitted to the Saudi Business Center.
  • This process takes place at the Saudi Business Center after preparing a merger agreement between the companies and amending their contracts.
  • To divide a company into two or more entities, a formal application must be submitted to the Saudi Business Center, specifying how assets and liabilities will be divided.
  • This service is intended for foreign companies wishing to establish a regional headquarters in the Kingdom, and is conducted at the Saudi Business Center.
  • If the registration is suspended due to failure to update data or payment of fees, it can be lifted through the Saudi Business Center or the Ministry of Commerce's e-portal after fulfilling the requirements.
  • This is the final step in winding up a company. A liquidation application is submitted through the Saudi Business Center and requires the appointment of a liquidator to settle its debts.
  • This service is used to publish important legal proceedings (such as liquidations or major amendments to contracts) in approved media outlets, such as official newspapers.
  • To file a complaint against a violation of the Companies Law, it can be submitted to the Ministry of Commerce or the Saudi Business Center.
  • If there is a violation in the commercial register data, a complaint may be submitted to the Ministry of Commerce or the Saudi Business Center.
  • The Ministry of Commerce must be notified of the date and place of the company's general assembly meeting via the electronic portal.
  • After the assembly convenes, its decisions are submitted to the Ministry of Commerce for approval.
  • Important decisions of the Extraordinary General Assembly shall be published in official newspapers and approved media outlets.
  • This letter is obtained from the Capital Market Authority to approve specific actions that require its approval.