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The Ministry of Commerce and Investment has registered a citizen and an Egyptian expatriate following a court order convicting them for commercial concealment and proving that the citizen was allowing the expatriate to 39, carry on a business activity by using his business register and by working for his own account by practicing the sale of stationery and school equipment to Hail.
The court sentenced the criminal court to 800,000 riyals, the closure of the institution, the liquidation of its activities, the revocation of its license, the cancellation of the commercial register and Prohibition on the person concealed from engaging in the same activity. By publishing the verdict in a local newspaper at the expense of offenders.
Trade received information about a commercial hiding place in an office, school and student services, as well as evidence showing an increase in the volume of transactions and remittances from the expatriate with individuals and institutions for amounts not proportional to his monthly salary of SR 12,000 and his accounting profession.
As a result, the owner of the institution was allowed to allow the expatriate to carry on an unauthorized commercial activity to practice or invest in it and to work for his own account, the l 39; The case has been referred to the authorities concerned for them to apply the criminal penalties provided for by the Anti-Concealment Act.
The Ministry of Commerce and Investment invites all citizens and residents of all regions of the Kingdom to report cases of commercial concealment through its communications center in 1900, applying a "commercial opinion". "or through the ministry's website. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It is worth mentioning that SAICM recently approved the implementation of the recommendations of the national program against commercial concealment implemented by ten government agencies, which aims to develop systems and anti-concealment legislation, to stimulate trade electronic and the use of technical solutions, to regulate financial transactions to reduce the outflow of funds and promote private sector growth and job creation. Attract and encourage Saudis to invest and find solutions to the problem of illegal detention of foreigners in the private sector.
Declaration of official defamation. "Commerce" denounces citizens and expats convicted of the crime of concealment and liable to a fine of 800 000 riyals, the closure of the installation and the liquidation of their activities and write off their records
Already electronic newspaper
previously
2019-02-24
The Ministry of Commerce and Investment has registered a citizen and an Egyptian expatriate following a court order convicting them for commercial concealment and proving that the citizen was allowing the expatriate to 39, carry on a business activity by using his business register and by working for his own account by practicing the sale of stationery and school equipment to Hail.
The court sentenced the criminal court to 800,000 riyals, the closure of the institution, the liquidation of its activities, the revocation of its license, the cancellation of the commercial register and Prohibition on the person concealed from engaging in the same activity. By publishing the verdict in a local newspaper at the expense of offenders.
Trade received information about a commercial hiding place in an office, school and student services, as well as evidence showing an increase in the volume of transactions and remittances from the expatriate with individuals and institutions for amounts not proportional to his monthly salary of SR 12,000 and his accounting profession.
As a result, the owner of the institution was allowed to allow the expatriate to carry on an unauthorized commercial activity to practice or invest in it and to work for his own account, the l 39; The case has been referred to the authorities concerned for them to apply the criminal penalties provided for by the Anti-Concealment Act.
The Ministry of Commerce and Investment invites all citizens and residents of all regions of the Kingdom to report cases of commercial concealment through its communications center in 1900, applying a "commercial opinion". "or through the ministry's website. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It is worth mentioning that SAICM recently approved the implementation of the recommendations of the national program against commercial concealment implemented by ten government agencies, which aims to develop systems and anti-concealment legislation, to stimulate trade electronic and the use of technical solutions, to regulate financial transactions to reduce the outflow of funds and promote private sector growth and job creation. Attract and encourage Saudis to invest and find solutions to the problem of illegal detention of foreigners in the private sector.
February 24, 2019 – 19 Jumada Al-Akhirah 1440
The time now is 06:18 PM
The Ministry of Commerce and Investment has registered a citizen and an Egyptian expatriate following a court order convicting them for commercial concealment and proving that the citizen was allowing the expatriate to 39, carry on a business activity by using his business register and by working for his own account by practicing the sale of stationery and school equipment to Hail.
The court sentenced the criminal court to 800,000 riyals, the closure of the institution, the liquidation of its activities, the revocation of its license, the cancellation of the commercial register and Prohibition on the person concealed from engaging in the same activity. By publishing the verdict in a local newspaper at the expense of offenders.
Trade received information about a commercial hiding place in an office, school and student services, as well as evidence showing an increase in the volume of transactions and remittances from the expatriate with individuals and institutions for amounts not proportional to his monthly salary of SR 12,000 and his accounting profession.
As a result, the owner of the institution was allowed to allow the expatriate to carry on an unauthorized commercial activity to practice or invest in it and to work for his own account, the l 39; The case has been referred to the authorities concerned for them to apply the criminal penalties provided for by the Anti-Concealment Act.
The Ministry of Commerce and Investment invites all citizens and residents of all regions of the Kingdom to report cases of commercial concealment through its communications center in 1900, applying a "commercial notice" "or through the ministry's website. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It is worth mentioning that SAICM recently approved the implementation of the recommendations of the national program against commercial concealment implemented by ten government agencies, which aims to develop systems and anti-concealment legislation, to stimulate trade electronic and the use of technical solutions, to regulate financial transactions to reduce the outflow of funds and promote private sector growth and job creation. Attract and encourage Saudis to invest and find solutions to the problem of illegal detention of foreigners in the private sector.
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