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Business Ownership Letter

Business Ownership Letter Template for Saudi Arabia

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Key Requirements PROMPT example:

Business Ownership Letter

"I need a Business Ownership Letter for my solely-owned retail company in Riyadh to be submitted to the Saudi British Bank by January 2025, confirming my 100% ownership of the business."

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Document background
A Business Ownership Letter is a crucial document in the Saudi Arabian business environment, required for various official and commercial purposes. This document is typically needed when dealing with government authorities, opening bank accounts, participating in tenders, establishing business relationships, or proving ownership for legal proceedings. The letter must comply with Saudi Companies Law, Ministry of Commerce regulations, and where applicable, Foreign Investment Law requirements. It serves as official confirmation of ownership structure and includes essential details such as owner information, commercial registration numbers, and ownership percentages. For foreign-owned businesses, additional requirements apply, including SAGIA licensing information. The document's format and content must adhere to local regulatory requirements and may need to be authenticated by relevant authorities.
Suggested Sections

1. Letter Header: Official letterhead including company name, commercial registration number, and contact details

2. Date and Reference: Current date and any reference numbers in both Gregorian and Hijri calendars

3. Addressee Details: Full details of the authority or entity to whom the letter is addressed

4. Subject Line: Clear indication that this is a Business Ownership Letter

5. Owner Information: Complete details of the business owner(s) including full legal name, nationality, and ID/Iqama number

6. Business Details: Company name, commercial registration number, business address, and type of business entity

7. Ownership Declaration: Clear statement of ownership percentage and relationship to the business

8. Authentication: Signature of owner(s), company stamp, and any required attestations

Optional Sections

1. Multiple Ownership Structure: Required when there are multiple owners, detailing each owner's share percentage and roles

2. Foreign Ownership Details: Required for businesses with foreign ownership, including relevant permits and SAGIA licenses

3. Power of Attorney Reference: Required if the letter is being signed by an authorized representative rather than the owner

4. Branch Details: Required if the business has multiple branches or locations

5. Historical Ownership Changes: Required if there have been recent changes in ownership structure

Suggested Schedules

1. Commercial Registration Certificate: Copy of valid CR certificate as proof of business registration

2. National ID/Iqama: Copies of owner's identification documents

3. Ministry of Commerce Registration: Proof of registration with Ministry of Commerce

4. Shareholders' Resolution: If applicable, resolution confirming current ownership structure

5. Foreign Investment License: Required for businesses with foreign ownership

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses















Relevant Industries

Retail

Manufacturing

Professional Services

Construction

Technology

Healthcare

Education

Financial Services

Real Estate

Hospitality

Transportation

Energy

Mining

Agriculture

Tourism

Telecommunications

Relevant Teams

Legal

Compliance

Corporate Governance

Finance

Administration

Government Relations

Operations

Executive Leadership

Corporate Affairs

Business Development

Relevant Roles

CEO

Managing Director

Business Owner

Legal Counsel

Compliance Officer

Corporate Secretary

Chief Financial Officer

Business Development Manager

Administrative Manager

Operations Director

General Manager

Partner

Board Member

Company Registration Specialist

Government Relations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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