Updating Commercial Registry Data for A sole Proprietorship
This service enables the investor to update the data of the main or subsidiary commercial register of a sole proprietorship.
Target Sector
General
Affiliated Authority
N/A
Estimated Duration1 day
Gov Approval Window1 working day
Service Pricing168
Government FeeNo Fee
Mandatory Conditions
✓The commercial register must be active.
✓The branch manager must not be a government employee, and must not be less than 18 years old.
✓A valid license is required if an activity is added that requires a license prior to issuance.
✓ Submit a license cancellation statement if an activity requiring a license is removed before issuance.
✓The foreign institution must have a valid investment license for a period of no less than (90) days.
✓Verify the following if the association is a cooperative or charitable organization: - The association's registration certificate with the Ministry of Human Resources and Social Development. - The applicant must have a power of attorney or authorization from the association's board.
✓Verify the following if the foundation is an endowment: - The existence of the endowment deed. - The existence of a legal power of attorney from the donor, the endowment supervisor, or the supervisory board.