Transferring ownership of a commercial register to a sole proprietorship

​This service enables the investor to submit a request to transfer ownership of the commercial register from or to another person.

Service Price and Execution Period

Service Fees: 520.00 SAR
VAT: Included in total price (15%)
Government Fees: 500 SAR
Execution Period: 1 Working Day
Government Approval Time: 1 Working Day

Required Documents

A copy of the commercial register.
Letter of waiver from the partners.
National Address.
The new owner’s national ID.
The national identity of the assigning owner.

Service Conditions

1- The commercial register must be active.
2- The new owner must not have a commercial registration for a sole proprietorship.
3- The new owner must not be a government employee and must be at least 18 years old.
4- The commercial register name must not be the personal name of the assignor.
5- Verify the following in the case of a deceased individual: - Submission of the inheritance deed. - Submission of the guardianship deed in case there are minors. - A legal power of attorney from all heirs stating their waiver of the establishment. - A sales and waiver contract from the heirs, clearly indicating the commercial registration number.
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