Issuing 100 thousand commercial registrations for women in Saudi Arabia

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Issuing 100 thousand commercial registrations for women in Saudi Arabia


Sunday – 24 Rajab 1442 AH – 07 March 2021 AD Issue No. [
15440]

Riyadh: «Asharq Al-Awsat»

The Saudi Ministry of Commerce announced that the number of women’s commercial registrations issued during the year 2020 amounted to more than 100,000 commercial registrations for women, noting that the conditions for obtaining a commercial registry are the same as those followed when issuing records for men.
At a time when the world celebrates Women’s Day on the eighth of March, the Saudi Ministry of Trade said in a statement yesterday, Saturday, that the commercial registrations focused on several activities, foremost among which was the wholesale and retail trade, repair of motor vehicles and motorcycles, and the activities of accommodation, food and construction services.
The ministry explained that the conditions for obtaining a commercial register for women and the required papers are the same as those followed when issuing records for men, within the framework of procedures to facilitate the start of new women’s projects, and in line with the goals of the Kingdom’s Vision 2030.
The ministry added that the electronic link between government agencies contributed to the issuance of 5 electronic services in one step, with the issuance of the commercial register, which are «Zakat and income subscription, affiliation with the Chamber of Commerce, registration with the Ministry of Labor and Social Development, the standard establishments number 1700, and registration with the General Organization for Insurance Social”.
The conditions for issuing a commercial register include not being a government employee and the capital is not less than 5 thousand riyals, in addition to activating the “Absher” electronic service. Fees are calculated at 200 riyals for the year, and the Chamber of Commerce fees are added to it according to the type of activity of the commercial register and the degree for each year.
The Ministry added that the electronic linkage between government agencies contributed to the issuance of 5 electronic services in one step, with the issuance of the commercial register, which is the subscription of zakat and income, affiliation with the Chamber of Commerce, registration with the Ministry of Labor and Social Development, the unified establishments number 1700, and registration with the General Organization for Insurance Social.
It is noteworthy that Saudi Arabia has made new progress for the second year in a row in the report “Women, Business and Law 2021” issued recently by the World Bank Group, which aims to compare the level of discrimination in the gender systems in the field of economic development and entrepreneurship between 190 countries. The Kingdom scores 80 out of 100, ahead of the score it achieved in the results of last year’s report of 70.6, to raise its ranking among the top countries in the Middle East and North Africa.


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