National Anti-Commercial cover-up Program
Compliance Standards for Business Entities with Market Regulations
| 1. Having a valid commercial registry updated with all data. | 2. Opening a bank account for the business entity and not using personal accounts for entity transactions. | 3. Renewing the business licenses and updating the associated entity addresses. |
| 4. Registering the entity in the 'Wage Protection' program, and registering labor wage data. | 5. Documenting all employment contracts electronically, and not employing irregular labor. | 6. Documenting all financial transactions of the entity and complying with relevant regulations. |
| 7. Not granting non-Saudis tools that lead to absolute control of the entity. | 8. Providing electronic payment methods and working on issuing and storing invoices electronically. | 9. Funding the entity and its activities through legal channels and documenting all these processes. |
| | 10. Compliance with the regulations and instructions related to the practice of economic activities. | |
Compliance with market regulations protects business entities, preventing them from being suspected of commercial cover-ups, and enhancing their growth and expansion opportunities.
