Business · Companies · 15 hrs ago
Saudi program sets market rules to curb commercial concealment
Saudi Arabia’s National Program for Combating Commercial Concealment urged businesses to follow rules intended to improve compliance and transparency.
The rules cover having a current commercial registration, obtaining licences and keeping business details updated.
Businesses should use a dedicated bank account for company transactions, rather than personal accounts, and document financial dealings.
They are also told to register for wage protection, record employee pay, document work contracts online and avoid hiring workers who breach regulations.
The program says businesses must not allow non-Saudis to control or manage an establishment in ways that break the rules, and should provide electronic payments and issue and keep electronic invoices.
It also urged businesses to seek financing through official channels and document those transactions, while following the regulations for their activities.
Saudi Arabia’s National Program for Combating Commercial Concealment urged businesses to follow approved market rules.
The program said the rules aim to improve compliance and transparency and reduce commercial concealment.
Businesses should maintain valid registrations and licenses, use dedicated business bank accounts and keep their information up to date.
The guidance also covers wage records, labor contracts, financial transactions, electronic payments and invoices.
The program said businesses should obtain financing through designated legal channels and not allow non-Saudis to manage or control establishments in ways that violate regulations.
- Who
- Saudi Arabia’s National Program for Combating Commercial Concealment.
- What
- It outlined market rules for businesses to improve compliance and limit commercial concealment.
- When
- October 29, 2026.
- Where
- Not stated.
- Why
- To raise compliance and transparency and reduce commercial concealment.
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- Publication date
- October 29, 2026
- Business registration
- Maintain a valid and updated commercial registration
- Banking
- Use an account dedicated to the establishment, not personal accounts
- Labor records
- Register in the Wage Protection Program and document labor contracts electronically
- Payments
- Provide electronic payment methods and issue and store electronic invoices
- Financing
- Obtain financing through designated legal channels
What people are saying
The program urged establishments to obtain financing through the designated legal channels, documenting all related operations, and fully complying with the instructions and regulations governing the practice of economic activities.