How to Open A Commercial Registry in Saudi Arabia Step by Step?

Opening a commercial registry is the first and most important step in the journey of starting a business in the Kingdom of Saudi Arabia, and your registration in the commercial registry represents the gateway that opens before you to enter the world of business and economy. If you dream of being a successful entrepreneur in this dynamic and prosperous country, opening A commercial registry is a necessary step, and in this article, you will discover the comprehensive process of opening a commercial registry in the Kingdom of Saudi Arabia and the basic steps that must be taken to ensure the success of your business, so follow us.

What is the commercial register in Saudi Arabia?

The commercial register is one of the important official documents for investors and merchants inside the Kingdom of Saudi Arabia, as this document enables them to carry out many commercial activities in order to maintain the continuity of commercial activity within the Kingdom of Saudi Arabia, and the competent authority to prepare the commercial register is the Saudi Ministry of Commerce,The record Commercial is the most important means of proof for the trader,

In addition to collecting all information pertaining to merchants and information pertaining to commercial activity and its purpose.

Why do you need to open a commercial registry?

There are many reasons for a merchant to create a commercial registry, including:

• The commercial register is the legal image of the business being carried out.
• A trader is allowed to open a commercial bank account through which he can carry out his financial business.
• The merchant was able to benefit from a set of services, which help him in organizing his commercial business in the Kingdom, and among these services:

• The operation of an online store on e-commerce platforms, as a basket platform, enables it to sell productively.
• Ease of renting and owning a physical store for his commercial activity.
• Using electronic payment gateways that facilitate buying and selling.
• The merchant can benefit from the services provided by the Ministry of Commerce to merchants.
• The commercial registry earns the customer’s confidence in the buying and selling operations.
• The management of the commercial register is easier for the merchant and makes it reduces the obligations of the merchants.

What are the steps to open a commercial registry in Saudi Arabia?

• Enter the Saudi Business Center platform.
• Log in with your website account or national access.
• Enter the company data.
• Determining the applicant’s “establishment owner or delegate”.
• Determine the type of trade name.
• Choose the type of establishment and activity in the trade name.
• Write record data and fiscal year.
• Write the address and contact information.
• Attach an acknowledgment of the validity of the entered data.
• Click on “submit a request”.

Call the commercial register experts at Al Othman office on +966-535-008-888

Conditions for issuing a commercial register?

• To be less than 18 years old.
• The owner should not be a government employee.
• The capital is not less than 5,000 Saudi riyals.

Conditions for obtaining a commercial registration without a store?

What is meant by the commercial register without a place is the registration of a commercial activity for a person without the presence of a fixed place through which the commercial activity can be practiced, in the sense that the person who owns a commercial registry has the right to practice the commercial activity legally, but he may practice it in a variety of ways without the need for a fixed commercial place.

It is worth noting that there must be some conditions to be able to obtain a commercial registration without a place, and these conditions are as follows:

1. Include all necessary data such as the person’s full name, date of birth and a copy of the person’s signature or his representative.
2. Add the residence address of the applicant.
3. Owning or renting a place in order to conduct business.
4. Set the project’s financial cost and project type as well.
5. The location of the project must be written on the commercial register paper.
6. The applicant should not work in the private government sector in the country.

How much does it cost to obtain a commercial registration?

The service fees for issuing a commercial registration are estimated at about 200 Saudi riyals for the main commercial registration and about 100 Saudi riyals for the secondary commercial registration.

How to renew the commercial registration in Saudi Arabia?

• Click on Start Service.
• Enter the required information.
• Log in to the account (type the username and password).
• Click on the My Commercial Records icon.
• Click on the options in front of the commercial register.
• Click on the “Renewal of Commercial Registration” option.
• Determining the duration of the commercial registration from one to five years.
• A confirmation summary window appears on the data entered on the service before sending the request.
• A SADAD invoice will be generated and sent as a text message to your phone.
• The bill is paid through various payment channels.

 Commercial registration renewal fees

Estimated service feeFor 200 riyals for the record The main commercial (for one year) and the Chamber of Commerce fees are added to it according to the type of activity, the commercial register and the grade for each year.

 As for the sub-commercial register, it is estimated at 100 riyals (per year), to which the Chamber of Commerce fees are added according to the type of commercial activity and the grade for each year.

How to amend a commercial register?

• Click on Start Service.
• Enter the required information.
• Log in to the account (using the username and password).
• Click on the My Commercial Records icon.
• Click on the options in front of the commercial register.
• Click on the “Modify the Commercial Register” option and select the type of amendment “Activity – Capital – Address”.
• A confirmation summary window appears in front of you on the data entered on the service before sending the request.
• After that, a payment invoice will be issued and sent as a text message to your phone.
• The bill is paid through various payment channels.
• Until the paid amount is received, you can benefit from the service by printing the commercial registration without the need to visit the Ministry’s branches.

The cost of amending a commercial registry

The service fee is 100 Saudi riyals for the main or subsidiary commercial register.

How to search for a commercial registry?

• Login to the Saudi Business Center platform.
• Click on Start Service.
• You log in to the account (and write the username and password or the national access).
• You click on (submit a new application).
• Then you select the commercial registration and enter the number of the commercial registration.
• Then you choose the type of statement (commercial registration data extractor) and fill in the required data.
• Then choose Statement Preview to check the statement information.
• Then you click on the submit request icon.
• The confirmation summary window and the order number appear.
• After that, a payment invoice will be issued and sent as a text message to your phone.
• The bill is paid through various payment channels.

If you encounter any problem with any of the procedures during registration, do not hesitate to contact the commercial system experts at Al Othman Law Firm, because they have legal experts with more than 15 years of expertise in commercial systems, and the expertise of their staff of consultants exceeds more than 22 years in Saudi commercial systems, and Al Othman Company includes the best commercial lawyer in Saudi Arabia and Riyadh.

 The Lawyers and Consultants at Al Othman Law Office are pleased to serve you, so do not hesitate to contact them and consult them.

Hiring a Lawyer to get your commercial register in KSA

If you have a dispute related to business or companies and want to resort to commercial litigation, do not hesitate to contact the commercial register experts at Al Othman Law Firm, because they have legal experts whose experience extends for more than 15 years in commercial systems, and the expertise of their staff of advisors exceeds more than 22 A year in the Saudi commercial systems, and the Al-Othman company includes the best commercial lawyers in Saudi Arabia and Riyadh.

Al Othman Lawyers and Consultants Office is pleased to serve you, so do not hesitate to contact them and consult them, as Al Othman Law Firm is one of the best offices in the Kingdom.

Call the commercial register experts at Al Othman office on +966-535-008-888

Obligations of the trader after opening his commercial register

It is the merchant’s responsibility to write the name and number of the commercial registration in the registration certificate and on the shop’s nameplate and invoices. The merchant may not practice any commercial activity outside of the registered activity.

Types of commercial records for establishments and investors

It has become possible for investors and business owners to issue commercial records for their establishments through the business platform of the Saudi Center for Economic Business. The commercial records of establishments and investors vary and include the following:

• Enterprises commercial register.
• The commercial register of joint venture companies.
• The commercial register of limited partnership companies.
• Commercial Register of Limited Liability Companies.

common questions

What is the commercial registration number?

The commercial registration number indicates the identity of the company or the commercial store. Through this number, government institutions identify the commercial activity.

What are the available payment methods for opening a commercial registry?

1. Payment service: It is a service for electronic payment that the Kingdom of Saudi Arabia allows to use as a payment method to facilitate the payment process for users.
2. Mada Cards: These are cards offered by Saudi banks. Users can pay through this card.
3. Visa Card and Master Card: These are credit cards for those who prefer to pay through them.

Is it possible to open a sole proprietorship without a commercial registration?

You can start your own business without a commercial registration, but you must first fulfill the following conditions:

• The age of the person applying to practice the commercial activity must be at least 18 years old.
• You must have your own capital of not less than 5,000 Saudi riyals.
• The establishment number must consist of one number and it must be unified.
• Write down all information related to the commercial activity license.
• It is absolutely not permissible to open any sub-file for another company.
• You must register with the Ministry of Commerce to have a tax record.
• A business experience certificate is required.
• Attach an original and a copy of the family book.
• Attach an ownership or lease contract for the place where the commercial activity is practiced.

What is the Difference between the main and subsidiary commercial register

• The main commercial registry: If you own a business and want to issue a commercial registration for your activity, you need to issue a main commercial registry, due to the start of the commercial activity, and this registration is issued through the national identity.
• Sub-commercial register: It is the register that follows the main commercial register. This means that you cannot issue a subsidiary commercial register if you did not originally have a main commercial register, and your sub-commercial register has the same commercial name as the main register.

Conclusion

In conclusion, once you open a successful commercial record, you will be on the right path towards achieving your commercial goals and achieving your professional dreams, and continuing to develop your business and provide high quality products or services will bekeys your future success.

Call the commercial register experts at Al Othman office on +966-535-008-888