How and why set up a branch in Morocco?

20 May 2021 - Christian Steiner

By establishing a branch in Morocco, a foreign company can expand its business without the need to create a company under Moroccan law. The term branch refers to a stable entity that belongs to a parent company and has a certain degree of management and direction autonomy, but does not have legal personality.

Arbitration in the Middle East and North Africa. Is it possible?

11 May 2021 - Christian Steiner

I. What you should know about arbitration in the Middle East and North Africa: It is every entrepreneur’s nightmare when quarrels with a business partner end up in court. The risk of this happening is greater when there is a clash of very different business cultures, and even more so in a volatile economic and political …

Important Amendments to the Saudi Companies’ Law

14 February 2021 - Cyrille Naffah

The Saudi Minister of Commerce has recently issued a circular amending certain provisions of the Companies’ Law. The key changes are highlighted below: The time frame within which the General Assembly of the Partners (in a limited Liability Company) must hold its annual meeting has ben extended to twelve (12) months following the end of …

Overview of the New Saudi Franchise Law

5 December 2020 - Cyrille Naffah

In a very significant move and in line with its commitments under the WTO, to open economic sectors to direct foreign investments and modernize its legal and regulatory frameworks, the Saudi Council of Ministers, after lengthy discussions and deliberations, approved on October 8th, 2019, the long-awaited text of the New Franchise Law (hereinafter referred to as the “Franchise Law”). This is a …

GAZT extends deadlines for filing tax returns

5 December 2020 - Cyrille Naffah

The Saudi Arabian General Authority for Zakat and Tax (GAZT) Extends the Deadlines for Filing Tax Returns In a move motivated by the outbreak of the Coronavirus(Covid-19) and the resulting inability for businesses to prepare to file their tax returns within the time frames provided for by law, the Saudi Arabian General Authority of Zakat and Tax („GAZT“) has decided on March 20th, 2020 …