Investor Guide 13 02 en

If the application is to merge investment records owned by one legal entity and the same partner(s): 1. In the case of a change in shares between partners, or a change in capital, Must be applied for service number 3.2.3. 2. If you wish to add economic activities, apply for the activity modification number service 3. A request is submitted to cancel one of the establishments/establishments Cancellation service number 3.2.7 Required Documents 1. Depending on the type of modification required 2. Partner's decision of merge Service Conditions & Restrictions Fulfilling the conditions and requirements for each service associated with the procedure to be implemented The integration of investment registers and the transfer of economic activities are in accordance with the regulations and categories of investment registers (the following categories of investment records are not integrated: Regional Headquarters(RHQ)/Scientific offices/Economic offices/Professional companies) The establishment must comply with the procedures for amending the partners ’ decision and registering the commercial register within 30 days from the date of amending the investment registration. If this is not done, the Ministry of Investment has the right to restore the investment register data to its previous status. The total percentage of Saudi (partner(s) and capital shall be consistent with the minimum limits specified for the type of activity in Section Five of this guide. Fulfilling the special requirements contained in Section Five of this Guide. Service Fees No fees apply Service Application Portal Electronic Services Portal - Ministry Services Estimated Processing Time 5 working days 3.2.3 Merge Investment Registers This service is provided for establishments that wish to amend ownership in the investment registration, for example through redistribution of shares among partners, entry or exit of partners, replacement of an heir, or conversion of the establishment into a 100% national entity, or establishments registered with the Ministry of Investment that wish to merge into another existing company of the same type or a different type, or merge two or more companies to establish a new company, and any changes that may accompany such actions resulting in amendments to the investment registration, or any amendments related to the establishment. 3.2.4 Amendment of ownership in registration Service Description Service Fees No fees apply. Service Application Portal Electronic Services Portal Investment Registration Estimated Processing Time 5 working days Service Conditions & Restrictions • The establishment must complete the amendment of the partner resolution and update the commercial registration within 30 days from the date of investment register modification. Failure to do so allows the Ministry of Investment to revert the register data to its previous status. • Total percentage of Saudi partner(s) and the capital according to the minimum limits specified for the type of activity type in Section ( 05.00 ) of this guide. • Compliance with the specific requirements outlined for the registered activity, as per Section ( 05.00 ) of this guide. Required Documents 1. A letter/decision from the partners regarding the required amendment, certified by the Chamber of Commerce or the Saudi Embassy for partners from outside the Kingdom. 2. For new partners: Required documents as per the registration conditions outlined in Section ( 03.00 ) of this guide. 3. In cases of succession by heirs: A letter issued by the court or an accredited law firm specifying the legal distribution of shares among the heirs and the exact ownership percentages in the facility.