MMJS Consulting KSA’s Post

In September 2024, the Ministry of Commerce announced a game-changing to the Commercial Registration System that will be fully implemented after 180 days, bringing incredible ease and flexibility to manage you business in Saudi. 🔹 Elimination of branch commercial registrations for institutions and companies, to operate across the Kingdom with just one commercial registration. 🔹 Granting a grace period of 5 years to correct existing branch registers. 🔹 Eliminating the expiration date of the commercial register and introducing an annual confirmation requirement instead of renewing the register. 🔹 Requiring the establishment to confirm its data annually and suspending the commercial register if the confirmation is not provided within 90 days from the due date. 🔹 If the commercial registration remains suspended for a year, it will be automatically canceled. #Investinsaudi #SaudiBusinessTransformation #BusinessEase #Saudivison2030