Commerce FAQ

Questions relating to commercial records

 

Can I sell a branch of my trade register?                  

A commercial registry branch may be sold under a documented sale contract

 

How can I close my commercial register?     

Companies can be closed after liquidation is completed, but establishments can be written off without liquidation

 

Can I add partners to my Commercial Register? How?

Yes, partners could be added to the Commercial Register, and this could be done through a documented sale contract, in addition to the authority’s approval in case the activity requires that.

 

Who is authorized to sign?             

(The authorized signatory is the person who is officially authorized by partners to sign the company’s commercial register. It is not necessary for the authorized signatory to be a partner in the Commercial Register, and he might be a director of the company).

 

How can I add or delete an authorized signatory? What are the required documents? 

In case of the addition or cancellation of an authorized signatory, the consent of the partners is required, and the request should be noted in the register by an authorized signatory.

 

In the case of a one-person company or establishment, the change in the register is requested by an authorized person.

 

In the case of joint stock companies, a letter from the Chairman of the Board of Directors or the Deputy Chairman of the Board of Directors and the approval of the Companies Control Department is required.

 

Is it possible to add a partner to a branch other than the partners listed in the main register?           

It is not possible to add a partner to a branch that is related to the main branch, if the partners in the main branch own it.

What are the required documents in case of transferring the ownership of a commercial register to the heirs of a deceased person?                

In case of requesting a change in the commercial register by adding heirs, then a death certificate is required, in addition to a settlement of succession, and a sale contract or judiciary decision noting the allocation of shares among heirs. A request to amend the articles of association is also required.

 

How can a partner or owner in a commercial register be changed? What are the required documents?     

A letter signed by the partners in the case of more than one partner, in addition to the sales contract, the form, and the external approvals if required. In case of an establishment or a single-person establishment, then the sales contract is required, in addition to a letter from the owner, photocopies of the cards and external approvals if required.

 

What is the procedure for adding a commercial activity to the register?                   

Filling out the commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Photocopy of the ID cards.

The consent of third parties to the activity in case that was required.

 

What are the required documents to write off a business activity in the register?          

Filling out the commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Photocopy of the cards.

The consent of third parties to the activity in case that was required.

 

What are the required documents to change the capital in the commercial register?                                         

Commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Photocopy of the cards.

A letter from the bank or an approved budget in case of raising the capital.

The third parties’ consent of the activity in case that was required.

 

What are the required documents to change a trade name?                     

Commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Photocopy of the cards.

Procedures for commercial records.

 

What are the necessary procedures for adding a branch to the commercial register?                     

Commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Copy of the personal identity documents.

The third parties’ consent of the activity in case that was required.

An application may be submitted online or through the ministry’s e-services found on its website, or through one of the ministry’s branches.

 

What are the procedures for renewing the commercial register? Through which channels can the register be renewed?

Filling out the commercial registration form.

The third parties’ consent of the activity in case that was required.

An application may be submitted online or through the ministry’s e-services found on its website, or through one of the ministry’s branches.

Copy of the authorized signatory’s card.

Is it possible to upgrade a branch commercial register to a main register? What are the required documents?              

Yes, a branch register can be upgraded to a main register.

 

Required Documents:

 

Filling out the commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Copy of the partners’ personal identity documents.

Procedures for commercial records.

 

Is it possible to write off a branch register? What are the required documents?         

Yes, it is possible to write-off a branch register.

 

 

Required Documents:

 

Filling out the commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Copy of the partners’ personal identity documents.

Third-party’s approval of the write-off if required.

 

What is the necessary procedure for deleting a business record? What are the required documents?    

The necessary procedure is that the record must be under liquidation in the case of a corporate entity only.

 

Third party’s approval of the change in case that was required

 

 

Required Documents:

 

Filling out the commercial registration form.

A letter from the partners in case there was more than one partner.

A letter from the Chairman of the Board of Directors or the Vice Chairman of the Board of Directors in the case of a joint stock company, in addition to the approval of the Companies Control Department.

Copy of the partners’ personal identity documents.

 

Does the Ministry of Commerce and Industry write- off the commercial registration if it is not renewed?                                                                                                                                            

Yes, the Ministry writes-off the commercial register in case of non-renewal and after 90 days from notification.

 

Can a commercial register owner reuse a written-off commercial register?                        

The written-off commercial register can not be reused, but a new commercial register can be issued

 

What are the requirements for the liquidation of a limited liability company?                                

Letter of consensual liquidation to the competent department.

Copy of personal identity documents.

Copy of Commercial Registration.

Filling out the commercial registration form.

Partner’s approval to liquidate the company and appoint a liquidator.

Liquidator’s approval of the liquidation.

The final account provided by the liquidator and signed by the partners and liquidator.

 

 

 

What are the requirements for amending a Memorandum of Incorporation?        

A letter to the Companies Control Department, signed by the partners, requesting the amendment of the incorporation document.

Copy of the partners’ personal identity documents.

The Memorandum of Incorporation or the amended Memorandum of Association.

Filling out the commercial registration form.

Documents issued outside the country must be duly certified.