Ministry of Commerce exempts commercial entities from chamber subscription in first 3 years

Majid Al Qasabi, Saudi Minister of Commerce 

Saudi Minister of Commerce Majid Al Qasabi issued the executive regulations of the commercial chambers law, which provide for exempting the commercial entities from chamber subscription in the first three years, as well as reducing the subscription in the subsequent years.

On his official twitter account, the Minister said, as per the regulations, multiple subscriptions are cancelled, adding that only one subscription is needed regardless of the number of branches.

The move aims to support entrepreneurs as well as small and medium-sized enterprises (SMEs), in light of digital transformation.

Al Qasabi indicated that the chambers of commerce governance rules were approved, along with a mechanism for measuring and evaluating chambers' performance.