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Licensing and Registration SERVICE
CHANGE AND RENEW INVESTMENT LICENCE - OWNERS AND OWNERS SHARES

This service enables the Economic Cities investors to renew and amend the Investment License by redistributing the shares of the partners or changing partners.

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  • Business
  • Developer
  • SAR 7000.
  • The resolution to amend the Investment License:
    • Partners or board of directors resolution for companies to amend the partners or partners share.
    • Letter of intent to amend the partners or partners share, issued by the establishment owner or the authorized person.
  • Article of Association amendment draft for companies.
  • Approval of the Saudi Industrial Development Fund on the required amendment for the funded projects.
  • Power of Attorney or delegation letter in case of third party representation.
  • Identification document for all new partners:
    • Commercial registration for entities.
    • Article of association including amendments for companies.
    • Identification document for the individual partners (National ID Card for Saudis and GCC, Resident Identity for residents, or Passport non-residents).
  • The resolution to invest in an Economic City for all new partners:
    • Partners resolution for companies stating the names of the partners, investment capital, partners shares, the appointment and responsibilities of the general manager, and the Power of Attorney or delegation letter for the applicant.
    • Letter issued by the individual partners stating the appointment and responsibilities of the general manager, and the Power of Attorney or delegation letter for the applicant.
  • The compliance of all the rules and regulations of the Economic Cities and the kingdom of Saudi Arabia.
  • Investor should have and maintain an appropriate commercial reputation worldwide and never being convicted of any violation or offence.
  • Investor profile should be free of any existing violations or irregularities whether operational, administrative, or supervisory.
  • Lease or ownership agreement for the secured location with the Master Developer must be registered at the Economic Cities Authority.
  • Investor should have a complete and valid government registration profile.
  • Third party representation of the entity must fall into one of the following:
    • Power of Attorney attested by an authorized agency.
    • Representation letter attested by the chamber of commerce.
  • Documents must be submitted in Arabic or translated to Arabic by an authorized translation office or the Saudi Arabian Embassy in the country of document origin, and attested by an authorized agency.
  • Documents originated outside Saudi Arabia must be attested by the Saudi Arabian Embassy in the country of the document origin or an authorized agency inside the Kingdom.
  • Adding the required signatures in the chamber of commerce for attesting purposes.
  • Documents must be valid at the time of submitting the case (six months before expiry date).
  • Complete the service "Issue Investment License".
  • Complete the service "Register Lease or Sale" for the location through the Master Developer.
  • Five working days for complete application that fulfills all terms and conditions.
  • Continue practicing the business activities inside the Economic City.
  • Start the process of changing the partners or partners shares in all related government agencies.

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  • Address
  • Bay La San - 7082 Unit 2
  • King Abdullah Economic City 23964 - 2522 KSA

Copyright © ECZA 2017. All rights reserved. Powered by ECZA | Bay La San - 7082 Unit 2 King Abdullah Economic City - 23964 - 2522 KSA

+966 12 610 6700

Copyright © ECZA 2017. All rights reserved. Powered by ECZA | Bay La San - 7082 Unit 2 King Abdullah Economic City - 23964 - 2522 KSA

+966 12 610 6700