SAUDI ARABIA

Commerce Ministry: Using commercial register of Saudi or foreign investor by non-Saudis is cover-up

August 04, 2024
The Ministry of Commerce stated that enabling a non-Saudi person to work for his own account by using the name, license or commercial register of a Saudi or investor is considered as commercial cover-up.
The Ministry of Commerce stated that enabling a non-Saudi person to work for his own account by using the name, license or commercial register of a Saudi or investor is considered as commercial cover-up.

Saudi Gazette report

RIYADH The Ministry of Commerce confirmed in its recent report that enabling a non-Saudi person to work for his own account by using the name, license or commercial register of a Saudi or investor is considered as commercial cover-up (tasattur).

The ministry had previously disclosed that citizens and residents, who act as whistleblowers in reporting commercial cover-up cases, will be granted a financial reward of up to 30 percent of the total value of the fines imposed by a court or competent authority. The reward will be granted immediately after providing substantial evidence proving the cover-up, and collecting the fine of the cover-up, which reaches SR1 million for each violator according to the Anti-Concealment Law.


August 04, 2024
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