Small and Medium Enterprises Development Authority: Decision 56/2023 Issuing the Regulation of the Registration of Micro, Small, and Medium Enterprises and the Issuance of Riyada Card

Arabic

Based on Royal Decree 107/2020 Establishing the Small and Medium Enterprises Development Authority, Determining Its Competences, and Adopting Its Organisational Structure,

Decision 69/2017 Determining the Fees and the Financial Consideration for Services Provided by the Small and Medium Enterprises Development Authority,

and Decision 70/2021 regarding the Assignment of Privileges, Facilities, and Incentives Relating to the Riyada Card,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the registration of micro, small, and medium enterprises and the issuance of the Riyada card.

Article II

The aforementioned Decision 70/2021 is hereby repealed, as well as all that is contrary to the attached regulation or in conflict with its provisions.

Article III

The owners of micro, small, and medium enterprises shall rectify their status in accordance with the provisions of the attached regulation within a period not exceeding 90 (ninety) days from the date of its entry into force.

Article IV

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 10 Rajab 1444
Corresponding to: 1 February 2023

Halima bint Rashid bin Sulaiman Al-Zarieya
President of the Small and Medium Enterprises Development Authority

Published in Official Gazette 1479 issued on 5 February 2023.