.Transfer of Ownership to Inheritors of Individual Entities into a Company
This service is provided to enterprises that have a license from the Ministry of Investment, one of their partners has died and wants to adjust the quota for heirs.
Service Price and Execution Period
Service Fees:
8,000.00 SAR
Tax:
15%
Government Fees:
0 SAR
Execution Period:
5
Government Approval Time:
2
Required Documents
A copy of I.D’s of inheritors / successors as per family documents (Saudis) in addition to the passport and resident permit (foreigners).
A letter issued by the court or approved Law Entity stating the legal inheritors / successors and distribution way with share percentages for the inheritors shares.
National Address.
A copy of the national IDs for partners and managers (Either Saudis or residents).
A copy of the investment license.
Service Conditions
The entity shall abide by the procedures of amending shareholders’ resolution and the registration of the commercial register within (30) days from the date of amending the investment license; otherwise, Ministry of Investment shall be entitled to return the license data to the previous situation.
All contracts with customers are officially documented through Nafath
