Saudi Arabia Launches New E-Service For Businesses

The Ministry of Commerce and Investment (MCI) launched the Partners Decision E-Service on Saturday.

This e-service will enable the partners to issue and approve the decisions related to making any amendment in the company’s memorandum of association or the commercial registration online without the need to visit any of the ministry’s branches or the public notary for authentication. All that can be done through the electronic verification messages.

This e-service will reduce the time and efforts spent by businesses through the automatic updating of the memorandum of association and the commercial registration.

It said the decisions to be processed through the e-service include amending the memorandum of association, the transformation of the company, continuation of operations, reducing the capital, liquidation, incorporating another company, incorporating into another company, and transformation of the company to an establishment.

This e-service comes as an extension of the initiatives launched by the ministry, in cooperation with its strategic partner, Thiqa Business Services Company, to serve the commercial and investment sectors in the Kingdom,

The MCI called on all companies to avail of this e-service by updating their data and amending any decision through visiting the Company Service Portal at the link: Com.cr.sa.

Source: Saudi Gazette