Updating Beneficiary's Data for Commercial Registration
This service enables investors to identify the natural person who exercises effective and ultimate control over the company, with the aim of achieving transparency in economic and financial transactions.
Service Price and Execution Period
Service Fees:
500.00 SAR
Tax:
15%
Government Fees:
0 SAR
Execution Period:
5
Government Approval Time:
0
Required Documents
Service Conditions
1-The age must not be less than 18 years.
2- The company is not in the process of liquidation in accordance with the bankruptcy law.
3- The applicant must be among the parties registered in the main commercial register or their representative according to the company’s form of description.
4- There must be at least one beneficiary registered in the beneficial owner register if no exemption is added.
5- Individual data retrieved from the National Information Center cannot be modified. Specific modifications to the beneficiary’s data are permitted, including the following: personal data, contact information, and address.
All contracts with customers are officially documented through Nafath
