Tag: Ministry of Commerce‚ Industry‚ and Investment Promotion

Arabic

Based on Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to governing the licensing of the national product brand.

Article II

Those addressed by the provisions of the attached regulation shall rectify their status within 1 (one) year from the date of its entry into force.

Article III

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

Issued on: 18 Rajab 1444
Corresponding to: 9 February 2023

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1480 issued on 12 February 2023.

Arabic

Based on the Commercial Register Law 3/74,

the Commercial Law promulgated by Royal Decree 55/90,

the Law of Anti-money Laundering and Counter-terrorist Financing promulgated by Royal Decree 30/2016,

the Commercial Companies Law promulgated by Royal Decree 18/2019,

the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,

and Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the governance of the procedures for identifying the beneficial owner.

Article II

Commercial companies shall rectify their status in accordance with the provisions of the attached regulation within one month from the date of its entry into force.

Article III

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

Issued on: 4 Jumada Al-Akhirah 1444
Corresponding to: 28 December 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1474 issued on 1 January 2023.

Arabic

Based on the Law Regulating the Accounting and Auditing Profession promulgated by Royal Decree 77/86,

the Law on the Control of Precious Metals promulgated by Royal Decree 109/2000,

the Law of Anti-money Laundering and Counter-terrorist Financing promulgated by Royal Decree 30/2016,

Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

the Regulation on the Procedures for Implementing the Security Council Resolutions Issued under Chapter VII of the Charter of the United Nations on the Prevention and Suppression of Terrorism and Its Financing and on the Prevention, Suppression, and Obstruction of the Proliferation of Weapons of Mass Destruction and Its Financing issued by Decision 1/2021,

and Ministerial Decision 198/2021 Issuing the Regulation on the Supervision of Accountants, Auditors, Accounting and Auditing Offices and Firms and Precious Metals and Valuable Gemstones Establishments and Firms regarding Anti-money Laundering and Counter-terrorist Financing,

it is hereby decided

Article I

The attached Regulation on the Supervision of Accounting and Auditing Offices and Firms and Precious Metals and Valuable Gemstones Establishments and Firms regarding Anti-money Laundering and Counter-terrorist Financing shall apply.

Article II

Accounting and auditing offices and firms and precious metals and valuable gemstones establishments and firms shall rectify their status in accordance with the provisions of the attached regulation within one month from the date of its entry into force.

Article III

The aforementioned decision 198/2021 is hereby repealed, as well as all that is contrary to the attached regulation or in conflict with its provisions.

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: 28 Jumada Al-Awwal 1444
Corresponding to: 22 December 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1473 issued on 25 December 2022.

Arabic

Based on the Commercial Register Law 3/74,

the Commercial Law promulgated by Royal Decree 55/90,

and Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the governance of the practice of the activity of marketing and promotion on internet websites and social media.

Article II

Those addressed by the provisions of the attached regulation shall rectify their status in accordance with its provisions within 6 (six) months from the date of its entry into force.

Article III

This decision shall be published in the Official Gazette, and comes into force after 90 (ninety) days from the date of its publication.

Issued on: 27 Jumada Al-Awwal 1444
Corresponding to: 21 December 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1473 issued on 25 December 2022.

Arabic

Based on the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,

Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and the Executive Regulation of the Foreign Capital Investment Law promulgated by Ministerial Decision 72/2020,

 and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the governance of foreign investor applications approval offices.

Article II

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

Issued on: 14 Rabi Al-Thani 1444
Corresponding to: 9 November 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1468 issued on 20 November 2022.

Arabic

Based on the System of the Administrative Apparatus of the State promulgated by Royal Decree 75/2020,

Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, and Adopting Its Organisational Structure,

and Ministerial Decision 182/2017 Promulgating the Regulation for Organising and Managing Exhibitions,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to organising and managing exhibitions.

Article II

Commercial establishments engaged in the activity of organising and managing exhibitions shall reconcile their status in accordance with the provisions of the attached regulation within a period not exceeding 6 (six) months from the date of its entry into force.

Article III

The aforementioned Ministerial Decision 182/2017 is hereby repealed, as well as all that is contrary to the attached regulation or in conflict with its provisions.

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: 3 Rabi Al-Awal 1444
Corresponding to: 29 September 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1461 issued on 2 October 2022.