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The Ministry of Commerce and Investment announced today that an Emirati national and two expatriates of Palestinian and Jordanian nationality had been found guilty of commercial concealment, which had allowed expatriates to engage in, or invest in, unauthorized commercial activities. Automation and IT in the city of Riyadh.
The court decision handed down by the criminal court in Riyadh provided for a fine of six hundred thousand riyals for the violators, the closure of the facility, the liquidation of its activity, the revocation of its license, the cancellation of his registration, the removal of the camouflage of the Kingdom and the refusal to allow them to return to work. Interview of offenders.
The details of the case are based on the receipt of a "commercial" report stating a case of concealment in the establishment, and immediately the communication was carried out and the inspection and inspection of the headquarters of the establishment to verify that the communication had been carried out by the Ministry have produced evidence confirming that the Gulf investor covered the expatriates and allowed them to working for their business account and their management In addition, the behavior of the owner while the offender resides outside the Kingdom, away from surveillance and monitoring of the establishment, was referred to the Prosecutor's Office, who then transferred it to justice and rendered a binding decision under the anti-concealment system.
The Ministry of Commerce and Investment warns all foreign companies, institutions and investors of the Kingdom who hold a license to engage in commercial activity against any violation of the anti-concealment system by allowing non-Saudis to work for their own account. In accordance with the provisions of the anti-concealment system.
Trade calls on citizens and residents of various parts of the Kingdom to report cases of commercial concealment through the ministry's communication center in 1900, applying "commercial communication" or through the ministry's website, where " trade "financially reward informants. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It should be mentioned that SABB has recently approved the implementation of the recommendations of the national program against commercial concealment and that 10 public bodies are responsible for activating and enforcing them, developing anti-concealment systems and legislation. , stimulate e-commerce and use technical solutions, regulate financial transactions, limit outflows, promote private sector growth and generate attractive jobs. To the Saudis and encourage them to invest and find solutions to the problem of irregular ownership of foreigners in the private sector.
"Commerce" is a Gulf citizen who covers expatriates who are trading in a computer company and information technology.
Saudi Press Agency (SPA)
previously
2019-03-21
The Ministry of Commerce and Investment announced today that an Emirati national and two expatriates of Palestinian and Jordanian nationality had been found guilty of commercial concealment, which had allowed expatriates to engage in, or invest in, unauthorized commercial activities. Automation and IT in the city of Riyadh.
The court decision handed down by the criminal court in Riyadh provided for a fine of six hundred thousand riyals for the violators, the closure of the facility, the liquidation of its activity, the revocation of its license, the cancellation of his registration, the removal of the camouflage of the Kingdom and the refusal to allow them to return to work. Interview of offenders.
The details of the case are based on the receipt of a "commercial" report stating a case of concealment in the establishment, and immediately the communication was carried out and the inspection and inspection of the headquarters of the establishment to verify that the communication had been carried out by the Ministry have produced evidence confirming that the Gulf investor covered the expatriates and allowed them to working for their business account and their management In addition, the behavior of the owner while the offender resides outside the Kingdom, away from surveillance and monitoring of the establishment, was referred to the Prosecutor's Office, who then transferred it to justice and rendered a binding decision under the anti-concealment system.
The Ministry of Commerce and Investment warns all foreign companies, institutions and investors of the Kingdom who hold a license to engage in commercial activity against any violation of the anti-concealment system by allowing non-Saudis to work for their own account. In accordance with the provisions of the anti-concealment system.
Trade calls on citizens and residents of various parts of the Kingdom to report cases of commercial concealment through the ministry's communication center in 1900, applying "commercial communication" or through the ministry's website, where " trade "financially reward informants. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It should be mentioned that SABB has recently approved the implementation of the recommendations of the national program against commercial concealment and that 10 public bodies are responsible for activating and enforcing them, developing anti-concealment systems and legislation. , stimulate e-commerce and use technical solutions, regulate financial transactions, limit outflows, promote private sector growth and generate attractive jobs. To the Saudis and encourage them to invest and find solutions to the problem of irregular ownership of foreigners in the private sector.
March 21, 2019 – 14 Rajab 1440
The time now is 08:52 PM
The Ministry of Commerce and Investment announced today that an Emirati national and two expatriates of Palestinian and Jordanian nationality had been found guilty of commercial concealment, which had allowed expatriates to engage in, or invest in, unauthorized commercial activities. Automation and IT in the city of Riyadh.
The court decision handed down by the criminal court in Riyadh provided for a fine of six hundred thousand riyals for the violators, the closure of the facility, the liquidation of its activity, the revocation of its license, the cancellation of his registration, the removal of the camouflage of the Kingdom and the refusal to allow them to return to work. Interview of offenders.
The details of the case are based on the receipt of a "commercial" report stating a case of concealment in the establishment, and immediately the communication was carried out and the inspection and inspection of the headquarters of the establishment to verify that the communication had been carried out by the Ministry have produced evidence confirming that the Gulf investor covered the expatriates and allowed them to working for their business account and their management In addition, the behavior of the owner while the offender resides outside the Kingdom, away from surveillance and monitoring of the establishment, was referred to the Prosecutor's Office, who then transferred it to justice and rendered a binding decision under the anti-concealment system.
The Ministry of Commerce and Investment warns all foreign companies, institutions and investors of the Kingdom who hold a license to engage in commercial activity against any violation of the anti-concealment system by allowing non-Saudis to work for their own account. In accordance with the provisions of the anti-concealment system.
Trade calls on citizens and residents of various parts of the Kingdom to report cases of commercial concealment through the ministry's communication center in 1900, applying "commercial communication" or through the ministry's website, where " trade "financially reward informants. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It should be mentioned that SABB has recently approved the implementation of the recommendations of the national program against commercial concealment and that 10 public bodies are responsible for activating and enforcing them, developing anti-concealment systems and legislation. , stimulate e-commerce and use technical solutions, regulate financial transactions, limit outflows, promote private sector growth and generate attractive jobs. To the Saudis and encourage them to invest and find solutions to the problem of irregular ownership of foreigners in the private sector.
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