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| Source: MCI. The new Eltzam service aims to speed up bidding procedures, financial authorisations and payment, also raise transparency. |
In cooperation with the KSA Ministry of Justice, the Ministry of Commerce and Investment (MCI) has launched an e-service for the establishment of corporate contracts, eliminating the need for physical submissions at either ministry and allowing submissions to take place round the clock. The move is part of Miras initiative, launched in May, to facilitate business in KSA.
Applicants will be able to issue corporate contracts with the necessary authentication, issue the Commercial Registration documents, and register at the Ministry of Labor, Zakat, Social Insurance and Chamber of Commerce electronically.
The two Ministries have completed training and qualifying a group of authenticators to benefit from this service. The initiative is part of the National Transformation Program.
Another new service was launched as part of the National Transformation Program 2020 in late May. The Eltzam portal aims to support government procedures related to the private sector, consolidating all related services, speeding up government procedures, eliminating paperwork and ensuring transparency and credibility in the data provided. Commercial institutions can also verify the extent of their compliance with government requirements electronically.
The two Ministries have completed training and qualifying a group of authenticators to benefit from this service. The initiative is part of the National Transformation Program.
Another new service was launched as part of the National Transformation Program 2020 in late May. The Eltzam portal aims to support government procedures related to the private sector, consolidating all related services, speeding up government procedures, eliminating paperwork and ensuring transparency and credibility in the data provided. Commercial institutions can also verify the extent of their compliance with government requirements electronically.
HE Engineer Majid Al Bawardi, Ministry of Commerce and Investment (MCI) Deputy Minister, said that Eltzam e-service will be used by government agencies to ensure the commitment of the commercial establishments with the requirements of each service provided. This e-service can be used as well by the commercial establishments to verify their regulatory status easily and with full transparency before applying for government services. The public can check the validity of their Commercial Registration, Zakat and Income Certificate, Saudization Certificate, and the validity of Chamber of Commerce membership among other services.
Undersecretary of the Ministry of Finance for Technical and Development Affairs Ahmed Al-Suwayan said that the pilot of this e-service had been successfully launched at the Ministry of Finance, Zakat and Income Authority and Customs Department, and had sped up the issuance of authorisations, payment of bills and receivables without paperwork.