4 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
4 Hrsالاقتصادية
Source: الاقتصادية
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The Saudi Commercial Transactions Law identifies three categories that acquire trader status: a natural person who professionally conducts commercial activity in their own name and for their own account; a private legal person that professionally conducts the same activity, unless it is a company established under the Companies Law; and companies established under that law, regardless of their purpose, including companies established by or involving the State. The Law also confers trader status in certain specified cases without requiring professional practice, and broadens the list of commercial activities to include activities that are commercial by their nature, while excluding crafts, liberal professions, agriculture, and other activities in accordance with its rules. The Law comes into force 180 days after its publication in the Official Gazette.
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