Saudi launches new digital services for joint stock, foreign companies
The Ministry of Commerce announced the launch of new services for joint stock companies and foreign companies through its digital branch. This is to facilitate the procedures of starting businesses and stimulate the commercial environment in the Kingdom.
The ministry said that the new digital services for joint stock companies included the prospect of establishing a joint stock company; converting into a joint stock company; issuing a letter of no objection to listed joint stock companies; and issuing ministerial decisions to announce the establishment or transformation of the company into a joint stock company.
The new digital services also include establishing foreign or mixed companies; launching branches of foreign companies; renewing, amending and writing off commercial registrations of foreign companies; and obtaining an extract of commercial register for foreign companies.
All of these services will be made available electronically and without the need to visit the ministry’s headquarters.