Commercial Register Law and Tradenames Law
Introduction: On 17 September 2024, the Saudi Arabian Cabinet approved issuance of two laws, namely the Commercial Register Law and Tradenames Law, to replace both the existing laws (after 180 days from the date of publication in the official gazette – expected to published in 1-2 weeks’ time). The revised Laws will further bolster the business and investment environment in Saudi Arabia. The core objective for the amendments and changes to the existing regulatory framework is the simplification of the tradenames registration and obtaining commercial registration processes. The new laws will enable businesses to operate in line with the best international practices while protecting the interests of local and international stakeholders. Commercial Register Law: Unlike the current provision wherein the