All You Need to Know About Commercial Registration Before Starting a Company in Saudi Arabia

A commercial register is a document that registers the people doing business and their companies involved in the retail trade. Once your entry is made in the register, it validates your business and makes it legal to operate in that country. Commercial register Saudi Arabia was created by the Ministry of Commerce, where all the details regarding the business person and his company are mentioned.

What is a Commercial Registration Certificate?

Once registered with the Ministry of Commerce, you will be given a certificate with 10 digits authentic and unique numbers that specify your company in Saudi Arabia. It will be the proof and identity that you have a legal business in Saudi Arabia.

The certificate is given once your company is incorporated. You must have a commercial registration certificate if your business is a Limited Liability Company (LLC) or a Limited Company.

What Details About the Company Should You Give During Registration?

When you go to the Ministry to opt for commercial registration in Saudi Arabia, below is the data you should include.

• The name of your company
• Commercial activities of the company
• The capital that you own
• The date of company establishment and the date of expiration
• Name, place, date of birth, address, and nationality of the partners
• Names, signatures, addresses, nationality, dates of birth, and locations of the managers
• Statement from the managers with their signatures to clarify their powers and authorizations
• The address of branches, agencies, and headquarters in KSA and other countries.

In this regard, Company Hubs will help set up your company cost-effectively and get your commercial registration number in Saudi Arabia.

Why is it Important that You Have a Commercial Registration?

Apart from legalizing your company, the certificate will provide credibility. The certification also helps in regulating trade activities. With the registration number given, one can know your legal information and economic position.

The certificate will also help you know the people you have employed, the partner's situation, and the company's standing. The information that it provides is open to the public. Hence, you must have it when you set up a company in Saudi Arabia.

When Will You Need Your Registration Certificate?

As we have already established, the company registration certificate is the most crucial document while setting up your business. Your company or any others can't function without it. So, let's look at where in your business you might need the certificate.

• When buying tenders from the government
• Providing classification of the company
• As proof of your ownership
• As proof when providing tax declaration
• For work permits
• To open a bank account
• When buying machinery and vehicles
• When you plan on partnering or merging with another business
• As proof during goods clearance and at customs
  
  

Conclusion

Your commercial registration certificate Saudi Arabia is the identity of your company. The number provided will help the company be recognized anywhere in the world. Hence, you must obtain the certificate once your company is incorporated.