FAQ Target Group (All) corporate services Commercial Register commercial agencies Brand Names Consulting professions consumer Commercial cover-up reports reception service (for establishments) Can sub-registers be issued for the main register? Sub-registers cannot be issued for the main register. What is the mechanism for adding a manager or modifying a manager for the company? In the event of a desire to add a new manager, a modified contract is submitted through the partners’ decisions service. In the event that a manager is desired, if the manager is appointed in the contract, the contract must be amended through the partners’ decisions system. In the event that the manager is appointed by an independent decision, a manager can be appointed by an independent decision from During the service of amending the commercial register. How are penalties imposed on partners and violators? Penalties are issued against those who committed the violations stipulated in Article 213 of the Companies Law through the Committee for Reviewing Violations of the Provisions of the Companies Law in the Ministry. Penalties are also issued for those who committed the violations stipulated in Articles 211 and 212 of the Companies Law. Companies Law by the competent judicial authorities after filing a public right lawsuit by the Public Prosecution. How do I file a complaint against the partners or the director of the company in case of violating the Companies Law? The complaint is submitted through the electronic services of the Ministry through the Complaints System for Violations of the Companies Law or by an official letter addressed to the Corporate Compliance Department at the Ministry with all documents supporting the occurrence of the violation attached. What are the violations of the corporate law? Every act that contradicts the provisions of the Companies Law and anyone who fails to carry out the tasks that the Law obligated him to do. The Law stipulates penalties for some violations in Articles 211, 212 and Article 213. What are the criminal offenses related to the corporate law? Violations falling under Articles 211 and 212 of the Companies Law. What are the administrative violations related to the corporate law? These are the violations that fall under Article 213 of the Companies Law. What happens if an administrative violation related to the Companies Law is proven? Violations are referred, after being proven, to the Companies Law Violations Committee What happens if a criminal violation related to the Companies Law is proven? It is referred after the violation is proven to the Public Prosecution by virtue of jurisdiction What are the penalties imposed on the company in case of violating the Companies Law? The provisions of Articles 211, 212, and 213 of the Companies Law are applied, and the violators are referred to the competent authority, the Committee for Reviewing Violations of the Companies Law, then the cases are referred to the Public Prosecution. Company incorporation fees (Limited Companies - Partnership - Simple Recommendation) Professional? 1200 riyals Where to carry out the establishment of professional companies (Limited Companies - Solidarity - Simple Recommendation)? Saudi Business Center Company incorporation fees (closed joint stock / simplified joint stock)? The annual commercial registration fee is 1,600 riyals for the closed joint-stock company and the simplified joint-stock company. Where is the service implemented to establish companies (closed joint stock / simplified joint stock companies)? Online via the Saudi Business Center platform Duration of implementing the shareholder registry update service? 24 hours What is the facility required to update the shareholder register? Attach the current shareholder register Where to implement the service of amending the articles of association of joint-stock companies? Electronic via the Saudi Business Center platform What are the conditions and requirements for applying for (professional) corporate decisions? In the event that the modification involves the entry of a partner, the approval of the authority supervising the activity, if any, must be obtained. In the event of an amendment to the board of directors or management, the legal quorum must be observed. In the event that the modification involves the entry of a professional partner, he must be licensed. Duration and place of implementation of (professional) corporate decisions service? Immediate - Saudi Business Center I need an email to communicate with the Corporate Compliance Department CMP@mc.gov.sa 1 2 3 4 5 ... Page Content Last Modified 09 Mar 2019 Rate Number of votes: 10425 ShareMC