Investigate/inquire about the applicant(s) through any
government or private agency inside or outside the Kingdom
of Saudi Arabia to authenticate data and information
presented by the applicant.
obtain any information belonging to the applicant(s) held by
the Saudi Credit Bureau Company (SIMAH) as well as to report
the applicant’s information to SIMAH or any other SAMA-approved
authority if needed.
the applicant’s public information, after licensing, in its
various reports and to share such information with third
parties as it sees fit.
follow-up and inspect the licensed entity to ensure its
compliance with investment regulations and the obligations
agreed to in this application. The concerned authority may –
at its discretion – assign part or all of this task to a
third party and shall be treated bsy the applicant(s) as the
authority in its assigned task and the applicant(s) shall
not object to this.
an inquiry certificate about the licensed entity to whoever
– individuals or entities - inquires about the licensed
entity prior to starting any business dealings. This
certificate highlights the entity’s status, any registered
violations or complaints or accusation against the entity
even if a final ruling has not yet been obtained.
cancel the investment license for the entity within
‘contracting’ fields if it fails to obtain at least one
contract during its first year of operation.
refrain from providing any services to the entity and its
owner(s) until entity’s reported violations are fixed and
corresponding fees/penalties are paid and evidence of such
is presented to the concerned authority.
change the list of its services or National Competitive
Center’s (NCC) sponsorship list without prior notice and
such changes are deemed acceptable by the applicant(s) once
Collecting the investment license from the concerned
authority One-Step-Shops within 1 month of issuance.
Obtaining the required post-license's governmental documents
within 3 months of issuance of the authority’s license.
Obtaining the necessary documents or licenses from the
related government agencies – where required – before or
after obtaining investment license and the issuing license
authority should be notified by the applicant(s) if
difficulties are faced in doing so not less than 3 months
from the project’s scheduled start of operation.
Operating within the licensed field/industry.
using laborers/workers that are illegally resident or not on
the entity’s sponsorship.
Implementing the project within the time-frame indicated in
this application and within licensed location or branch.
transferring the sponsorships of workers/employees granted
to the licensed project to another individual or entity
before the actual implementation of the project and prior
approval from the licensing authority.
the licensed name on the entity’s sign-board.
the licensed name – as per investment license – in all
government documents and the entity's documents.
the applicant’s profession in his passport and residency
permit to “investor” within 2 months from the date of
investment license issuance.
Presenting an audited financial report prepared by an
approved auditing firm highlighting the entity’s income
statement, P&L and cashflow after 12 months of the date of
Commercial Registration issuance.
using the entity’s premises as housing for labors/workers.
investment license annually on time.
changing the entity’s licensed activities or adding new
activities during the first year of investment license
laborers/workers salaries and remunerations on time and is
committed to presenting evidence of such payment if required
by the licensing authority or any related government agency.
reducing the entity’s capital unless required by law and
only after the licensing authority express written
a bank account for the entity within 4 months from the
issuance of the investment license.
Receiving the licensing authority follow-up officers,
cooperating with them and furnishing all required documents
requested during the visit.
Saudization regulation as stated by the Ministry of Labor.
marketing or selling any non-licensed product inside the
Kingdom of Saudi Arabia.
Saudi standards for any manufactured product and if such
standards do not exist, Euro-zone, or US or Japan standards
Respecting intellectual property rights of others.
Not exceeding licensed
production capacity until approved by the licensing
Respecting all local
laws and regulations issued by Saudi ministries/agencies
which apply to the entity and its employees.
Notifying the licensing
authority of any change in contact addresses, P.O.Boxes,
emails, phones and fax numbers within 10 working days of the
change using the licensing authority designed forms.
To abide by all rules
and regulations stated in the Foreign Investment Act issued
under the Royal Decree No. (M/1) dated 5/1/1421 H and all of
its corresponding Executive Rules and guarantee the
authenticity of the documents, information and data
presented herein and with this application.
That the purpose of this
application is to obtain an investment license to start
legitimate investment activity/activities. The investment
license is revocable at any time if the data and information
presented are found false or inaccurate.
The applicant is not
employed or retired from a military/police sector in the
country he is carrying its nationality.
That no final
rulings/verdicts have been issued against the applicant(s)
in violation of the Foreign Investment Act.
That no rulings/verdicts
have been issued against the applicant(s) in monetary or
commercial related violations whether inside or outside the
Kingdom of Saudi Arabia.
That the applicant will
transfer the capital declared in this application to a local
bank once the investment licensed is issued.
That the applicant(s)
is/are not currently resident within the Kingdom of Saudi
Arabia and that the applicant(s) was/were not resident
within the Kingdom of Saudi Arabia during the last 3 years.
The applicant(s) shall
use the license issued by the Saudi Arabian General
Investment Authority only for the purposes for which the
license is issued. The Saudi Arabian Government and the
licensing authority will not be held responsible towards any
party for any acts of misconduct committed, directly or
indirectly, by the applicant(s), whether inside or outside
Saudi Arabia, in violation of any laws of Saudi Arabia or
That the applicant(s)
have read and understood the above terms and conditions,
commitments, obligations and undertakings and have agreed to
That the name(s) and
signature(s) on this application belong to him/them or
his/their legal representative and the signature of the
latter is considered as his/theirs.