Abolishing the financial institution assure requirement for opening a car promoting exercise


The Common Visitors Division introduced an modification to the chief rules of the visitors system, the place the paragraph associated to the presence of a financial institution assure as one of many situations for opening car promoting exercise (companies – exhibitions – halls – auctions) was deleted.


In accordance with the Visitors Division, this modification goals to help car promoting exercise and stimulate funding in it.


The deleted paragraph required a financial institution assure within the quantity of 200,000 riyals to open showrooms, showrooms, and car gross sales companies.

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