Amendment of the Memorandum of Association / Articles of Association (Capital Reduction)
Original price was: 6.210,00 ر.س.4.968,00 ر.سCurrent price is: 4.968,00 ر.س.
Service Description
This service enables the investor to amend capital in the company’s articles of incorporation by changing any article of the contract or amending it in accordance with the new legislative system for companies.
Service Details and Duration
Duration: 1 days
Government Fees: 1,600
مدة موافقة الإدارة الحكومية: 1 يوم عمل
Target: Trader
| Required Documents | 1- A copy of the Commercial Register. 2- Partners and Managers IDs (Saudis & Residents). 3- A valid investment license, if the applicant is an investor. 4- A copy of the Articles of Association. |
|---|---|
| Service Conditions | 1- Having a valid commercial register. 2- Existence of an investment license if the company is foreign or mixed to be valid for at least 3 months. 3- Existence of an extraordinary assembly decision or a shareholders’ decision in the event that the company is (a joint-stock or a simplified joint-stock company). 4- The company shall not be suspended by the following authorities: Ministry of Commerce. The Zakat, Tax and Customs Authority for the second and third levels. 5- The following must be verified if the company is (with limited liability, a simple recommendation, or a general partnership): Obtaining prior approval from the Central Bank of Saudi Arabia, if the activity requires that. Amending the investment license, if required. The directors should not be government employees |
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