Category Archives: Legal Updates

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Ministry of Justice Launches Labor Calculator Service

Posted on December 31, 2021 - 2:00 pm by

The Saudi Ministry of Justice (MoJ) has introduced the first version of an e-service called “labor calculator,” intending to ensure quick payment of dues and labor court proceedings.

“The labor calculator aims to promote legal awareness, facilitate the application of the Labor Law and regulations, and ensure the accuracy of financial labor calculations,” the ministry said. “The calculator is comprehensive and user-friendly, includes all sections on a single web page, and allows users to print out results.”

According to the ministry, the labor calculator includes the primary financial obligations outlined in the Labor Law, including delayed payments, end-of-service benefits, vacation pay, overtime, and compensation for unjust termination, among others.

The ministry’s Research Center and Labor Justice Unit worked on the project by analyzing the Labor Law and regulations, converting the most significant rights into formulas, coding the formulas, and testing the outcomes. The calculator can be found at the following link.

 

New Reconciliation Proceedings Announced

Posted on December 31, 2021 - 2:02 pm by

Saudi Arabia’s Ministry of Justice has announced it has decided certain dispute cases should be referred to reconciliation before submitting it to the courts.

Under the Decision will cover cases of less than SAR 20,000. They include cases related to renting, custody of children, labor wages, and termination of contracts.

The aim is to improve judicial services provided to citizens and expatriates and promote the courts’ ability to process cases.

Industrial License Terms Increased

Posted on December 31, 2021 - 2:05 pm by

Saudi Arabia’s Ministry of Industry and Mineral Resources has announced the amendment of the validity period of industrial licenses from three to five years.

The amendment will apply where an investor applies for a new industrial license or renews their current license after meeting all the relevant requirements to issue the license.

The aim is to support factories, reduce audit periods by investors in the sector, facilitate industrial investment growth, and improve and accelerate the procedures for these types of licenses to be issued.

To read more, click here.

Fresh Food and Vegetable Import Licenses Service Launched

Posted on December 31, 2021 - 2:05 pm by

Saudi Arabia’s Ministry of Environment, Water and Agriculture has announced it has launched a licensing service to import fresh vegetables and fruits. It aims to continue the flow of fresh vegetables and fruits to enhance food security, control the quality of imports and protect the Kingdom’s plant wealth.

The Ministry clarified that the procedures for issuing the license begin with applying electronically through the link.

The request will be studied within three days and will notify the applicant of the outcome of their application, provided the rejection is justified. As soon as the approval is issued, the relevant Agriculture Ministry agency will issue the import license and will be valid for between three and ten years, depending on the license category.

Saudi Cabinet Authorizes Ministry of Finance to Issue Licenses to STC Bank and Saudi Digital Bank

Posted on December 31, 2021 - 2:06 pm by

New Program for Remote Health Services Launched

Posted on December 31, 2021 - 2:10 pm by

Saudi Arabia’s Commission for Health Specialists has announced a new program for providing health services remotely.

The Commission said the program aims to train health specialists to diagnose patients remotely. They added that the application of remote health services helped to overcome the difficulties of treating old patients during the Coronavirus pandemic.

The program’s implementation will boost the performance of the health sector and save money and costs for patients.

To read more, click here.

Electronic Services Guidelines Launched

Posted on December 31, 2021 - 2:11 pm by

Saudi Arabia’s General Secretariat of Tax Committees has announced it has launched an electronic services guide. The guide includes 12 electronic services which have been linked to various integrated systems with it to verify data and information and ensure accuracy and reliability by collecting data and information from the source while saving time in importing the necessary documents and statutory requirements to boost its efforts in managing and addressing tax disputes efficiently and effectively and facilitate procedures.

This will enable customers to follow up on issues without having to visit its offices physically. Instead, they will be able to do so in a few easy steps through the General Secretariat of the Tax Committees website.

To read more, click here.

 

First Phase of Professional Verification Scheme Launched

Posted on December 31, 2021 - 2:12 pm by

Saudi Arabia’s Ministry of Human Resources and Social Development has announced that the first phase of the Professional Verification Scheme has been launched. It will verify the necessary skills employees need to carry out their jobs effectively. It will eventually be mandatory for all entities in the Kingdom.

It targets more than 1,000 specialized professions in 23 specialisms in line with the Saudi Standard Classification of Occupations. It is split into two parts. The first part covers examining professional workers in their countries before they arrive in the Kingdom and international examination centers. The second part relates to examining experienced workers currently in the Kingdom together with local examination centers.

Companies having 3,000 or more employees will be enrolled in the Program first. They will be followed by companies with between 500 and 2,999 employees and then entities with between 50 and 499 employees. It will then be followed by companies employing between six to 49 employees and then companies employing one to five employees.

To read more, click here.

Requirements for Approving Financing Portfolios for Micro-Enterprises Confirmed

Posted on December 31, 2021 - 2:13 pm by

The Saudi Arabian authorities have confirmed the requirements for approving financing portfolios for micro-enterprises. The regulations governing the approval of financing portfolios for microfinance projects set out several conditions for approving financing portfolios. The first of these is that the entity and its subsidiaries have a valid official license from licensed government agencies and an approved organizational structure and published bylaws and have an integrated headquarters in the geographical scope where it provides its services.

It also states that the objectives or activities of the governor will include the provision of services for the development of microfinance projects. Therefore, it has to have a documented program and an integrated work mechanism with a transparent methodology. It includes qualified administrative and technical staff appropriately qualified for the size and nature of the services it will provide to the beneficiary, and it has all the means and tools which will facilitate the provision of its services and the absence of any financial obligations on it. In other words, it has to be financially solvent.

The Kingdom’s National Competitiveness Centre has launched a consultation on the draft regulation to approve financing portfolios for microfinance projects. It ends on 1 September 2021.

Implementing Regulations to Accounting and Auditing Professions Law Approved

Posted on December 31, 2021 - 2:15 pm by

Saudi Arabia’s Ministry of Commerce has announced it has approved the Implementing Regulations to the Accounting and Auditing Professions Law. The regulations state that the license will be granted to someone who holds a relevant university degree.

The applicant should pass a training program. The regulations also state that the license will last for three years for part-time accountants and auditors.

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