Online platform for submitting applications and multiple options for regular activity
The Ministry of Commerce and the National Anti-Concealment Program announced the commencement of the regulation to rectify the status of violators of the anti-concealment law, which coincides with the entry into force of the new anti-concealment law .
The regulation includes a corrective period starting from today until August 23, 2021. It is possible through this period to correct the conditions of the violator of the system, and benefit from the advantages stipulated in the regulation.
The corrective period provides multiple options for violators of the provisions of the law, whether he is Saudi or non-Saudi, by exempting those who apply to the Ministry of Commerce to request to legitimize your business- from the penalties prescribed in the system and from the retroactive payment of income tax.
A person who was arrested by the Ministry of commerce for committing a crime or violating the law before submitting a request to rectify his situation, or whoever was referred to the Public Prosecution, or the competent court, is not exempt.
Violators of the anti-concealment law can rectify their situation in an easy and easy way by submitting the request through the Ministry of Commerce website: mc.gov.sa, and correcting it through multiple options, including: Introducing a new regular partner, "Saudi or non-Saudi," and continuing to work in the facility, or the Saudi conduct. In the facility by transferring its ownership or dissolution, or registering the ownership of the facility in the name of a non-Saudi by agreement between a Saudi and a non-Saudi to transfer the ownership of the facility to a non-Saudi after the latter obtains an investment license, and a non-Saudi can apply for a distinct residence application, or an investment license to continue working in the facility Or, apply for final exit.
The government agencies participating in the national anti-concealment program affirmed their full readiness to support all applicants to request correction to be regular investors in accordance with the options stipulated in the Regulations for Correcting the Status of Violators of the Anti-Concealment Law, and that they do not tolerate the application of heavy penalties stipulated by the system after the end of the corrective period.