Amendment of the Memorandum of Association / Articles of Association

This service enables the investor to amend the company's articles of incorporation by changing any article of the contract or amending it in accordance with the new legislative system for companies.

Service Price and Execution Period

Service Fees: 3,000.00 SAR
Tax: 15%
Government Fees: 1600 SAR
Execution Period: 1
Government Approval Time: 0

Required Documents

A copy of the Commercial Register.
Partners and Managers IDs (Saudis & Residents).
A valid investment license, if the applicant is an investor.
A valid professional license if the addition is a professional partner for a professional company.
A copy of the Articles of Association.

Service Conditions

Having a valid commercial register.
Existence of an investment license if the company is foreign or mixed to be valid for at least 3 months.
Existence of an extraordinary assembly decision or a shareholders’ decision in the event that the company is (a joint-stock or a simplified joint-stock company).
The company shall not be suspended by the following authorities: Ministry of Commerce. The Zakat, Tax and Customs Authority for the second and third levels.
The following must be verified in the event that the company's capacity is (professional): Observe the legal quorum, in the event of the amendment of the board of directors or management. The partner must be licensed, if the modification is to add a professional partner
The following must be verified if the company is (with limited liability, a simple recommendation, or a general partnership): Obtaining prior approval from the Central Bank of Saudi Arabia, if the activity requires that. Amending the investment license, if required. The directors should not be government employees
Order Now Inquire