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The Real Estate Brokerage System A Year of Major Transformations Val's license is the most important gain

Reading time: 5 MinutesThe Real Estate Brokerage System A Year of Major Transformations Val's license is the most important gain

After a year of implementation, the market is organized, trust and transparency are increasing, and the VAL license has opened up job and investment opportunities.

30/07/2024

Real Estate Brokerage Survey
Zakat, Tax and Customs Authority

«Zakat invites businesses to submit tax withholding forms for last month

You have until April 10, 2025 to submit March forms via the authority's website or face a late penalty of 1% every 30 days.

Minister of Commerce: Commercial Registration and Trade Names Systems Ease Burdens on Businesses

The two new systems and their regulations come into effect and services return after being upgraded to align with the transformation of the Kingdom's Vision 2030

White House - New U.S. tariffs

New U.S. tariffs go into effect, trillion-dollar losses for global trade

The implementation of the 10% tariffs pushes the S&P to a loss of 5.4 trillion and triggers international tariff responses, including China.

Ministry of Commerce Financial Statements Filing

Ministry of Commerce: Cancel the issuance of branch registers for individual enterprises and settle for a single commercial register

Both regulations take effect from April 3 with annual confirmation, bank account requirement, and a five-year grace period to rectify the situation

Ministry of Commerce - Commercial Register

Today is Thursday. Commercial Registration and Trade Names Regulations come into effect

The Ministry of Commerce imposes fines of SAR 500-10,000 and gives a five-year grace period to correct and cancel sub-registries.

Contracting - Construction

Saudi Building Code Center New organizational and financial arrangements

Decision to transform the National Committee into an independent center, transfer staff and property, and formulate a comprehensive system within 12 months.

Ministry of Commerce - Commercial Register

Minister of Commerce Approves the Executive Regulations of the Measurement and Calibration System

تتضمن 49 مادةً في 12 فصلاً، وتشترط فحص التحقق الأولي، وتحمّل المشغلين تكاليف الإشراف وتحدد جداول مخالفات وعقوبات.

In detail... Licenses and permits for infrastructure projects in Riyadh to be put out for consultation

The center opens a "survey" platform to receive feedback from the public and entities until April 8 on the procedures for licensing infrastructure projects.

Zakat, Tax and Customs Authority

Identifying the target organizations in Group 22 for the connectivity and integration phase of e-invoicing

KDIPA is targeting establishments whose VATable revenues exceed SAR 1 million 2022-2024, and linking before December 31, 2025.

Zakat, Tax and Customs Authority

“Zakat calls on businesses to submit VAT returns for last month

The Authority invites businesses with annual supplies above SAR 40 million to submit their February VAT returns by March 31

Residential program

Today. The start of the real estate registry in Jumoum Governorate in the Makkah region

Reception of applications for in-kind registration for 159 plots in the syndicate's neighborhood, with the deadline ending June 26, 2025 via rer.sa or the app.

Infographic: Commercial Registry and Trade Names System services suspended next Thursday for 7 days

The ministry is urging business customers to complete orders and pay bills before shutting down services between March 27 and April 3, 2025.

“GCC begins end-of-term review of anti-dumping duties against cement imports

The General Secretariat announced the opening of an investigation to review duties on clinker imports in accordance with the provisions of the Unified Law of the Gulf States.

National Water Company

Today. Deadline for documenting water meters before additional services are suspended

شركة المياه الوطنية: توثيق العدادات رقميًا قبل 15 مارس 2025 لتجنب إيقاف الخدمات وفصل خدمة المياه

Residential program

Riyadh Municipality reduces building permit application procedures to 180 seconds via “Madinaty” application”

The service allows authorized property owners to obtain approvals digitally, quickly and efficiently, supporting the construction sector.

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