Commerce Ministry urges businesses to obtain activity licenses within 90 days
Saudi Arabia’s Ministry of Commerce has called on business owners to secure required licenses for regulated activities within 90 days of commercial registration.
Key Takeaways
AIThe Ministry of Commerce has urged business owners to comply with the Commercial Register Law and its executive regulations by obtaining the necessary licenses for activities that require them, within 90 days of registering the activity in the commercial register.
The ministry stated in an official announcement that failure to obtain the required license within the legal timeframe will result in the removal of the activity from the commercial register, in accordance with Article 4 of the executive regulations of the Commercial Register Law.
According to the statement, Article 4 obliges traders to secure a license to practice the activity within 90 days of its registration in the commercial register. It also mandates the removal of the activity from the register if the deadline passes without obtaining the necessary license for activities that require it, or without the trader providing proof that the activity does not require a license.
View the post on X