Saudi Arabia has introduced new laws governing commercial registration and trade names, aiming to modernize its business environment and support the Vision 2030 agenda.
The updated regulations streamline company registration by creating a single national commercial register, removing the need for multiple subsidiary records. Businesses can now operate various activities under one registration, offering greater flexibility and reducing administrative work.
The laws also update the management of trade names, allowing companies to reserve and register names in English, including the use of letters and numbers. This change helps businesses protect their brands and maintain consistency as they expand internationally.
Another key feature is the introduction of an annual confirmation requirement for business registrations. Instead of expiration dates, companies must now verify their information each year to ensure accuracy. Non-compliance can result in suspension or cancellation of registration, highlighting the need for ongoing diligence.
These reforms are part of broader efforts to make Saudi Arabia a more attractive destination for investment and foster private sector growth. Businesses are encouraged to adapt to the new regulations to benefit from increased efficiency, flexibility, and improved brand protection.