There should be a consistency between the Saudi shareholder’s percentage and the capital, in alignment with the set financial thresholds pertinent to the activity type.
Holders of premium residency are exempt from the above documents.
Should any partner have previously been licensed by the Ministry of Investment, this information must be meticulously detailed in the relevant section when completing the electronic application.
During the electronic application process, the applicant is required to input the details pertaining to the Saudi national identity, premium residency, or residence if held by any partner. Additionally, commercial registration data for the participating Saudi companies should be included.