“Trade” announces the issuance of the executive regulations of the Chambers of Commerce Law

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Majid Al-Qasabi, Minister of Commerce, announced the issuance of the executive regulations of the system of chambers of commerce in support of entrepreneurs and small and medium enterprises.

The regulations included exempting all commercial establishments from the subscription of the Chamber for the first three years of its life, in addition to reducing the subscription of the following two years.

It also included canceling the multiple subscriptions within the scope of the Chamber of Commerce and only one subscription, regardless of the number of branches.

The Minister confirmed the adoption of controls for the governance of chambers of commerce, enhancing the transparency of their work, and a mechanism to measure and evaluate their performance.