Incorporation of a simplified joint stock company

Ministry of Commerce

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An electronic service provided by the Ministry of Commerce through the Saudi Business Center platform, which allows beneficiaries to start practicing commercial activity and establish a simplified joint-stock company, established by one or more persons of natural or legal status, and its capital is divided into tradable shares and the provisions of joint-stock companies apply to it unless there is a special text, and through the service the following is done: 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

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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.

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.