Skip to main content

MISA: No minimum capital restrictions for cover-up campaign beneficiaries

MISA: No minimum capital restrictions for cover-up campaign beneficiaries

June 20, 2022

The Ministry of Investment (MISA) announced that there are no restrictions on the minimum capital for the investors, who benefit from the corrective period for violators of the Anti-Commercial Cover-up Law.

Saudi Gazette report

RIYADH — The Ministry of Investment (MISA) announced that there are no restrictions on the minimum capital for the investors, who benefit from the corrective period for violators of the Anti-Commercial Cover-up Law.

These beneficiaries have the right to open new branches for their companies after the correction.

The ministry confirmed that this would be done after the investment license is issued through the license modification service if it is the same business activity, and another sub-license can be submitted if the activity is different.

The ministry stated that after correcting the status of the facility, and transforming it into a company having branches, various establishments under the facility can be converted into branches of the company.

This is through adding branches to the investment license if they are on the same activity, or issuing a sub-license for new activities through electronic services, and then completing the changes in the commercial registry at the Ministry of Commerce.

Comments

Post a Comment

Popular posts from this blog

Unreasonable wages, salary delays to trigger violations under Mudad system

 August 13, 2025 Unreasonable wages, salary delays to trigger violations under Mudad system   Saudi Gazette report RIYADH — The Ministry of Human Resources and Social Development (MHRSD) has clarified that assigning an employee an unreasonable basic wage — whether too low or too high — will trigger violation alerts under Saudi Arabia’s Wage Protection Program. According to the program’s latest compliance guide, such wages will appear as alerts in the employer’s violations record on the Mudad platform if deemed illogical when compared to other recorded data. The ministry said alerts will also be generated in cases where salary deductions exceed 50 percent of a worker’s wage or if a worker’s basic wage has not been recorded on Mudad for more than 90 days. Additional violations include failing to enter the basic wage in designated fields, failing to pay the wage, or lacking any record of wage disbursement. The ministry further stated that inspection visits will be initiated if pr...
Read more

Public Prosecution: Defaming others via technology is a cybercrime

 Public Prosecution: Defaming others via technology is a cybercrime October 16, 2025 The Saudi Public Prosecution emphasized that defaming or harming others via technology is a cybercrime that warrants accountability. Saudi Gazette report RIYADH — The Saudi Public Prosecution emphasized that defaming or harming others via technology is a cybercrime that warrants accountability. It threatened to impose the statutory penalties stipulated in the Anti-Cybercrime Law against the violators of the law. The Public Prosecution stressed that the law protects privacy and safeguards rights, and criminalizes any unlawful use of technology to offend or spread harmful content, as part of its efforts to protect the digital community from behavioral and media violations. According to Article 3 of the Anti-Cybercrime Law, anyone who commits an act that affects the privacy or reputation of others, or who misuses mobile phones and modern technology devices, shall be punished by imprisonment for a peri...
Read more

SFDA publishes guidelines for travelers to obtain clearance permit for controlled drugs

 August 14, 2025 The Saudi Food and Drug Authority (SFDA) has outlined the procedures for obtaining a clearance permit for controlled drugs containing narcotics and psychotropic substances in the possession of passengers arriving in or departing from Saudi Arabia. The Saudi Food and Drug Authority (SFDA) has outlined the procedures for obtaining a clearance permit for controlled drugs containing narcotics and psychotropic substances in the possession of passengers arriving in or departing from Saudi Arabia. Saudi Gazette report RIYADH — The Saudi Food and Drug Authority (SFDA) has outlined the procedures for obtaining a clearance permit for controlled drugs containing narcotics and psychotropic substances in the possession of passengers arriving in or departing from Saudi Arabia. This reinforces SFDA’s commitment to facilitating patients’ travel and ensuring a smoother journey while maintaining safety standards. SFDA confirms that all information related to controlled drug permits ...
Read more