Renew IL

Licensing and Registration SERVICE
RENEW INVESTMENT LICENSE

This service enables the Economic Cities investors to renew the Investment License for one year or five years for strategic investors.

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.
Entities can request to renew their license up to 90 days prior to the expiration date.
Lease or ownership agreement for the secured location with the Master Developer must be registered at the Economic Cities Authority.
Obtain the final approvals or licenses related to specialized activities.
Investor should have a complete and valid government registration profile (Commercial Registration, Social Insurance certificate, Zakat certificate, and Saudization certificate).
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.
Adding the required signatures in the chamber of commerce for attesting purposes.

Complete the service "Issue Investment License".
Complete the service "Register Lease or Sale" for the location through the Master Developer.

One working day for complete application that fulfills all terms and conditions.