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The Ministry of Commerce and Investment has registered a citizen and an expatriate of Syrian nationality as a result of a court order condemning them for purposes of commercial concealment, in order to allow the expatriate to carry on a commercial activity through his trade register and to work for his own account in the outsourcing business in Riyadh.
The sentence handed down by the criminal court of Riyadh provided for a fine of 80,000 riyals for the violators, the closure of the facility and the liquidation of its activity, the revocation of its license, the cancellation of the commercial register, the prohibition the offender to practice the same activity, His return to work in the Kingdom and the publication of the decision in a local newspaper at the expense of the offenders.
The details of the case are due to the fact that the bailiffs of the Commerce Department were able to locate the headquarters of the institution, where they seized material evidence and documents confirming the control of concealment and directly controlling the management of the affairs of the institution. Investment and self-employment – The case was referred to the relevant authorities for the application of criminal sanctions in accordance with the anti-coverage law.
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, through 39, 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.
Official defamation statement. "Commerce" means a citizen and a resident found guilty of the crime of concealment in the construction sector
Already electronic newspaper
previously
2019-02-26
The Ministry of Commerce and Investment has registered a citizen and an expatriate of Syrian nationality as a result of a court order condemning them for purposes of commercial concealment, in order to allow the expatriate to carry on a commercial activity through his trade register and to work for his own account in the outsourcing business in Riyadh.
The sentence handed down by the criminal court of Riyadh provided for a fine of 80,000 riyals for the violators, the closure of the facility and the liquidation of its activity, the revocation of its license, the cancellation of the commercial register, the prohibition the offender to practice the same activity, His return to work in the Kingdom and the publication of the decision in a local newspaper at the expense of the offenders.
The details of the case are due to the fact that the bailiffs of the Commerce Department were able to locate the headquarters of the institution, where they seized material evidence and documents confirming the control of concealment and directly controlling the management of the affairs of the institution. Investment and self-employment – The case was referred to the relevant authorities for the application of criminal sanctions in accordance with the anti-coverage law.
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, through 39, 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 irregular ownership of foreigners in the private sector.
February 26, 2019 – 21 Jumada Al-Akhirah 1440
The time now is 07:30
The Ministry of Commerce and Investment has registered a citizen and an expatriate of Syrian nationality as a result of a court order condemning them for purposes of commercial concealment, in order to allow the expatriate to carry on a commercial activity through his trade register and to work for his own account in the outsourcing business in Riyadh.
The sentence handed down by the criminal court of Riyadh provided for a fine of 80,000 riyals for the violators, the closure of the facility and the liquidation of its activity, the revocation of its license, the cancellation of the commercial register, the prohibition the offender to practice the same activity, His return to work in the Kingdom and the publication of the decision in a local newspaper at the expense of the offenders.
The details of the case are due to the fact that the bailiffs of the Commerce Department were able to locate the headquarters of the institution, where they seized material evidence and documents confirming the control of concealment and directly controlling the management of the affairs of the institution. Investment and self-employment – The case was referred to the relevant authorities for the application of criminal sanctions in accordance with the anti-coverage law.
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, through 39, 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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