Commerce Ministry mandates commercial register holders to disclose beneficiaries - Times Kuwait

The Saudi Ministry of Commerce has suspended services directly related to the Commercial Registry and Trade Names systems for a period of 7 days, starting from March 27th until April 3rd, in preparation for the implementation of the Commercial Registry and Trade Names systems in Saudi Arabia and the resulting radical amendments to procedures, services, electronic systems and databases. The ministry explained that the suspension process aims to u…

Commerce Ministry mandates commercial register holders to disclose beneficiaries - Times Kuwait

The Ministry of Commerce and Industry has mandated all businesses with a commercial register to comply with Ministerial Resolution No. 16 of 2025 by verifying and disclosing their actual beneficiaries through the commercial register portal. Emphasizing the importance of transparency, the Ministry warned that failure to comply could lead to hefty fines ranging from 1,000 to 10,000 dinars. The Ministry emphasized that identifying the actual benefi…