This service is provided to establishments that have branches or marketing centers licensed by the Ministry of Investment and wish to close them.
Service Price and Execution Period
Service Fees:
1,500.00 SAR
Tax:
15%
Government Fees:
0 SAR
Execution Period:
60
Government Approval Time:
1
Required Documents
A copy of the commercial register.
National Address.
A copy of the national IDs for partners and managers (Either Saudis or residents).
A copy of the investment license.
Service Conditions
Updating the facility’s government data in the Ministry of Investment system.
The entity shall cancel the commercial register of the branch prior to applying for the service.
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
