Saudi Arabia’s Ministry of Commerce and Industry has called on the public to share their opinions by Feb. 1 on amending the fees for renewing membership at the Chambers of Commerce.

 

Under the amendment, fees will be set based on the number of workers in each company as well as its capital, instead of the firm’s activity.

 

Membership in the chambers of commerce will be free-of-charge for the first year under the new system, after which the new fees will be applied.

 

Article (14) before amendment

Classification

Subscribers

Fees (SAR)

Excellent Class

All commercial or industry firms

10,000

First Class

Joint-stock companies, exchange and finance firms, banks and LLCs with capital less than SAR 5 million, and first class contractors.

5,000

Second Class

Joint-liability company, partnership corporation, LLCs with capital less than SAR 5 million, and second class contractors.

2,000

Third Class

Other contractors, real estate offices, and commercial agents.

800

Fourth Class

Others

300

 

Article (14) after amendment (SAR)

Category

No. of Employees

Fees for firms with capital less than

SAR 1 mln

Fees for firms with capital equal to/more than

SAR 1 mln

First Class

More than500

10,000

10,000

Second Class

21-499

2,500

3,000

Third Class

5-20

1,500

2,000

Fourth Class

Less than 5

1,000

1,500

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