Mechanism for Correcting the Status of Subsidiary Commercial Registrations

Release Date:	1446-09-20
Release Tool:	Ministerial decision
Issuance Instrument Number:	288
Validity:	Valid
Summary:	By AI Ministerial Decision from the Ministry of Commerce in Saudi Arabia approves the Implementing Regulation for the Law of Commercial Register and the Law of Trade Names, and establishes a mechanism for correcting the status of subsidiary commercial registers. The decision grants a five-year period to correct the status, ending on 2 April 2030, with options including establishing a new company, transferring the register, or canceling it. Licenses and approvals are linked to the new subsidiary commer...

Release Date:

1446-09-20

Release Tool:

Ministerial decision

Issuance Instrument Number:

288

Validity:

Valid

Summary:

By AI

Ministerial Decision from the Ministry of Commerce in Saudi Arabia approves the Implementing Regulation for the Law of Commercial Register and the Law of Trade Names, and establishes a mechanism for correcting the status of subsidiary commercial registers. The decision grants a five-year period to correct the status, ending on 2 April 2030, with options including establishing a new company, transferring the register, or canceling it. Licenses and approvals are linked to the new subsidiary commer...