Saudi Arabia

Saudi: 29 days left to correct tasattur violations

The National Program to Combat Commercial Concealment (tasattur) under the Ministry of Commerce urged all commercial establishments and businesses to quickly submit requests for correction during the remaining 29 days of the corrective period that expires on February 16.

The Program clarified that there are six correction options specified in the regulations of the Anti-Concealment Law. These include partnership between Saudi and non-Saudi in the firm; registration of the firm in the name of a non-Saudi; the Saudi continuing to engage in economic activity by introducing a new partner in the firm; Saudi’s disposal of the firm; the non-Saudi obtaining the Premium Residency; and the non-Saudi’s permanent departure from the Kingdom.


Saudi Gazette
Back to top button