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No extension of grace interval for violators of Tasattur after sixteenth Feb

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No extension of grace interval for violators of Tasattur after sixteenth Feb













Posted by : Aahil Shaik
Tuesday, February 15, 2022

No extension of grace interval for violators of Tasattur (Anti-Cowl-up System) after sixteenth February

The Nationwide Program for Combating Business Concealment (Tasattur) stated that there shall be no extension of the grace interval for violators of the anti-cover-up system, it can finish on Wednesday, sixteenth Feb, 2022.

The Ministry of Commerce urged all violators of the anti-cover-up system to rectify their standing, particularly institutions with annual revenues of “2 million riyals” and reap the benefits of the corrective interval, and keep away from the appliance of deterrent statutory penalties of as much as 5 years imprisonment or a high quality of 5 million riyals or each, together with the seizure of unlawful belongings and funds concerned within the monetary crime. Trending : Ministry of Commerce warns of fake and unknown e-stores that defraud shoppers

– This system confirmed the continuation of receiving correction requests till the top of the interval via the web site of the Ministry of Commerce (mc.gov.sa), and violators can profit from the correction choices specified within the Regulation for Correcting Standing, that are,


* Partnership within the facility between Saudi citizen and non-Saudi.

* Registration of the ability within the identify of a non-Saudi.

* Continuation of the Saudi in practising the exercise by introducing a brand new accomplice within the facility.

* Non-Saudi acquiring the premium residency

* Non-Saudi leaving the Kingdom.


– Tasattur is the native phrase used for the widespread follow of a Saudi citizen permitting a non-Saudi to have interaction in business or industrial exercise in his identify in return of a hard and fast cost. Join Saudi Expatriates imo channel

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