The Ministry of Commerce launches new services for joint-stock and foreign companies through its digital branch. The new services aim to facilitate the procedures of starting businesses and stimulate the commercial environment in the Kingdom.
The ministry declared that the new digital services for joint-stock companies included the prospect of establishing a joint-stock company, converting into a joint-stock company, issuing a letter of no objection to listed joint-stock companies, and issuing ministerial decisions to announce the establishment or transformation of the company into a joint-stock company.
The new digital services also include establishing foreign or mixed companies, launching branches of foreign companies, renewing, amending, and writing off commercial registrations of foreign companies, and obtaining an extract of commercial registers for foreign companies.
All these services will be available electronically and without visiting the ministry’s headquarters.