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Conversion of a Saudi Company from One Legal Form to Another
1. Preparing and notarising the partners' conversion resolution
2. Amending and notarising the articles of association to match the new legal form
3. Publishing the conversion notice and observing the statutory creditor objection period
4. Obtaining the competent authority's approval
5. Updating the Commercial Registration with the new legal form
6. Migrating and updating the government platform data to the entity after conversion
7. Updating the Chamber of Commerce membership and the National Address
11,304.35 SR
Conversion of a GCC Sole Proprietorship into a Company
1. Drafting and notarising the new company's articles of association
2. Notarising the transfer of the sole establishment's assets and liabilities to the company
3. Publishing the conversion notice and observing the statutory creditor objection period
4. Obtaining the competent authority's approval
5. Issuing the company's Commercial Registration and deregistering the sole establishment
6. Migrating and updating the government platform data to the entity after conversion
7. Updating the Chamber of Commerce membership and the National Address
8,695.65 SR
Conversion of a Saudi Sole Proprietorship into a Company
1. Drafting and notarising the new company's articles of association
2. Notarising the transfer of the sole establishment's assets and liabilities to the company
3. Publishing the conversion notice and observing the statutory creditor objection period
4. Obtaining the competent authority's approval
5. Issuing the company's Commercial Registration and deregistering the sole establishment
6. Migrating and updating the government platform data to the entity after conversion
7. Updating the Chamber of Commerce membership and the National Address
8,695.65 SR
Deregistration and Liquidation of a Branch of a Foreign Company — Trading
1. Preparing and notarising the owner's liquidation resolution
2. Obtaining the parent entity's notarised resolution to close the branch
3. Settling the workforce status and terminating contracts before the Labour Office and GOSI
4. Obtaining clearance from the Zakat and Tax Authority
5. Obtaining clearance from the General Organization for Social Insurance
6. Obtaining clearance from the Labour Office
7. Obtaining clearance from the municipality and related authorities
8. Closing the government platform files
9. Cancelling the Chamber of Commerce membership
10. Cancelling the Investment License with the Ministry of Investment
11. Deregistering the Commercial Registration once liquidation is complete
13,043.48 SR
Deregistration and Liquidation of a Mixed-Ownership Company — Trading
1. Preparing and notarising the partners' liquidation resolution
2. Appointing the liquidator and notarising the appointment
3. Publishing the liquidation notice for the statutory period
4. Settling the workforce status and terminating contracts before the Labour Office and GOSI
5. Obtaining clearance from the Zakat and Tax Authority
6. Obtaining clearance from the General Organization for Social Insurance
7. Obtaining clearance from the Labour Office
8. Obtaining clearance from the municipality and related authorities
9. Closing the government platform files
10. Cancelling the Chamber of Commerce membership
11. Cancelling the Investment License with the Ministry of Investment
12. Deregistering the Commercial Registration once liquidation is complete
13,043.48 SR
Deregistration and Liquidation of a 100% Foreign-Owned Company — Trading
1. Preparing and notarising the partners' liquidation resolution
2. Appointing the liquidator and notarising the appointment
3. Publishing the liquidation notice for the statutory period
4. Settling the workforce status and terminating contracts before the Labour Office and GOSI
5. Obtaining clearance from the Zakat and Tax Authority
6. Obtaining clearance from the General Organization for Social Insurance
7. Obtaining clearance from the Labour Office
8. Obtaining clearance from the municipality and related authorities
9. Closing the government platform files
10. Cancelling the Chamber of Commerce membership
11. Cancelling the Investment License with the Ministry of Investment
12. Deregistering the Commercial Registration once liquidation is complete
13,043.48 SR
Deregistration and Liquidation of a Branch of a GCC Company — Trading
1. Preparing and notarising the owner's liquidation resolution
2. Obtaining the parent entity's notarised resolution to close the branch
3. Settling the workforce status and terminating contracts before the Labour Office and GOSI
4. Obtaining clearance from the Zakat and Tax Authority
5. Obtaining clearance from the General Organization for Social Insurance
6. Obtaining clearance from the Labour Office
7. Obtaining clearance from the municipality and related authorities
8. Closing the government platform files
9. Cancelling the Chamber of Commerce membership
10. Deregistering the Commercial Registration once liquidation is complete
13,043.48 SR