Establish a joint stock company X Description Companies Business sector Proactive An electronic service provided by the Ministry of Commerce through the Saudi Business Center platform, which enables beneficiaries to commence commercial activities and establish a joint-stock company. This type of company can be founded by one or more individuals or legal entities, with its capital segmented into tradable shares. The company is solely liable for its debts and obligations resulting from its operations, while the shareholder's liability is confined to the value of the shares they have subscribed to. The service facilitates the following processes:Recording of the commercial registration and the articles of association / bylaws.Publication of the contract in "A'mali" newspaper.Opening a business file with the Ministry of Human Resources and Social Development.Registration with the Zakat, Tax, and Customs Authority.Registration with Social Insurance.Subscription to the Official Business Address with Saudi Post | SPL.Subscription to the Chamber of Commerce by location.Electronically, without the need to visit the branch of the Saudi Business Center or the Ministry branches.Note: When performing the service and printing the CR, an identification number for the facility is obtained from the partner government agencies mentioned above, which you will need in the future automatically, Service level agreement Steps Conditions Required Documents Access the platform: Via the National Unified Access or the investor account through the Saudi Business Center platform. Select the service: From "Electronic Services" > "Starting a Business" > "Establishing a Company." Start the service: Specify the type and duration of the registration and the company's headquarters, agree to the terms, and then click "Apply for Service." Enter the establishment data: Company activities and purposes, including licensing data, if applicable. - Specify e-commerce (optional). - Add partners/founders and their information, and verify their mobile phone and email addresses. - Specify the trade name and fiscal year, and enter contact information and address. Company and capital data: Enter the company's duration and the decision to open branches. - Specify the type and value of capital and its distribution, with the possibility of entering in-kind assets. - Distribute profits and losses, and determine the profit-retention ratio (if applicable). - Manage share data if the company is a joint-stock or simplified joint-stock company. Company management: Select the administrative structure and appoint managers. - Determine the board's operating method and assign powers. Company contract data: Partner resolutions, partner notifications, articles of association (addition or amendment). Review and submit the application: Review the application summary, create a draft contract, and submit the application after review. Party approval: The parties approve the application via the link sent to them, using the verification code. Payment and completion of the application: • Pay by card or SADAD. • Review the application status and print the registration information. • Complete registration with the relevant government agencies. The age shall not be less than 18 years, and in the event that the applicant is a minor under the age of puberty, the guardianship deed shall be submitted. The partners should not be government employees. The commercial registration shall not be canceled, suspended or terminated, if one of the partners is a legal partner. The issued capital shall not be less than 500,000 SAR, and the paid-up capital shall not be less than a quarter. Existence of a legal document in the event that one of the partners is a government agency, a civil institution, a charitable association, or an endowment; To give him the right to establish a company or participate in a company. The existence of a license from the Central Bank of Saudi Arabia, if the activity requires it. Start Beneficiary Group Merchant Duration of service immediately The service is provided in Arabic and English Service Delivery Channels website Service Fees 1600 for the commercial registration 500 for publication fees 15% VAT. Pay Methods For Frequently Asked Questions Click Here You can call the unified number 1900 To contact via e-mail cs@mc.gov.sa For more communication channels, click here Download service guide Establish a joint stock company Rate: 3.5 / 5 Number of votes: 39 Add Comment Dear customer, if you are unable to obtain the service electronically after a full working day, you can benefit from the service through the digital branch service. To access the digital branch (click here ) Related Services Updating Shareholders Register Self-assessment of the level of corporate governance Amendments to Articles of Association Incorporation of a simplified joint stock company Establishing a solidarity company Establish a simple company Establish a limited liability company Informing the shareholder of the number of his shares in the company Establishing a Company Under an Investment License Transformation from an establishment to a company Establishing a company by the Cities and Special Economic Zones Authority license Publication of Extraordinary Assembly Resolutions Comments( 1 ) 22 Jun 2023 12:00 AM The service is great Reply: Dear Customer of the Ministry of Commerce - We are glad to serve you. Escalation × Please sign in to use this service Escalation × Add Comment × Required Field Required Field Last Modified 25 Dec 2018 ShareMC