Online Instant Acceptance Service for Companies’ Articles of Association, fully, Functioning

The Ministry of Commerce has launched a service of immediate electronic acceptance of companies’ articles of association, as well as any amendments, which enables partners to issue articles of association and amendment decisions immediately, online, after submitting them without the need for be reviewed or and audited by the ministry.

It indicated that the electronic service enables the partners to establish companies, amend them or add other new clauses, and these amendments include, for example, but not limited to, the articles of the company’s head office, the company’s name or purposes, or its management, or the amendment of its capital.

Among the other decisions that enable partners to benefit from this service, is the transference of the company’s entity to another form, those related to merger operations and decisions to continue the company, including decisions related to amending the company’s capital, provided that those decisions submitted to the ministry do not conflict with the provisions of the law companies, as well as other related regulations, the ministry explained.

In this context; the partners shall undertake the information contained in those decisions submitted, assured that they are correct and that it is compatible with the provisions of the Companies Law and the other aforementioned regulations.

This service is an extension of the initiatives launched by the ministry of Commerce to facilitate the procedures for doing business and stimulate the commercial and investment environment, in the Kingdom.

It called on companies wishing to benefit from the service to visit the corporate services portal on the following link: e.mc.gov.sa