Saudi Arabia’s Ministry of Commerce and Investment has revealed that commercial registers issued for women in 2020 amounted to more than 100,000.
It pointed out that the conditions set for men to obtain a commercial registry are applied for women as well, in an attempt to facilitate launching new projects for women and in line with the objectives of the Kingdom’s Vision 2030.
The commercial registries focused mainly on wholesale and retail trade, repair of motor vehicles and motorcycles, as well as housing, food and construction services, the ministry said in a statement on Saturday.
The e-linkage among government agencies has contributed to issuing five electronic services in one step, along with issuance of the commercial register, the ministry explained.
These are the “Zakat and tax subscription, enrollment in the Chamber of Commerce, registration in the Ministry of Labor and Social Development, the unified establishment number 1700 and the registration with the General Organization for Social Insurance (GOSI).”
There are several conditions to issue a commercial register.
“Those applying should not be government employees and must have at least SAR5,000 as a capital. They shall also activate “Absher” e-service and pay SAR200 fees per year, in addition to the Chamber of Commerce fees that are added according to the type of activity of the commercial register and the degree for each year.”
For the second year in a row, the Kingdom has made new progress in the “Women, Business and Law 2021” report that has been recently issued by the World Bank Group.
The report aims to compare the level of discrimination in the gender systems in the field of economic development and entrepreneurship among 190 countries.
In this year’s issue, Saudi Arabia scored 80 points out of 100, compared to 70.6 points in 2020, raising its rank among the top countries in the Middle East and North Africa.