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.

Once it has been decided that an agency only or a branch office is not suitable for the needs of entering the North African market, we have a wide range of companies available in Morocco that are familiar to us from continental European law. Moroccan corporate law provides for the following types of companies:  – …

Continue reading “What type of company do we need in Morocco?”

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 …

Continue reading “Arbitration in the Middle East and North Africa. Is it possible?”

If you want to expand your business and enter the Moroccan market, you should first decide whether to set up a subsidiary (independent legal entity) or a branch (without its own legal personality).

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 …

Continue reading “Important Amendments to the Saudi Companies’ Law”

Liability on Employer’s Requirements under Design-Build Contracts

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 …

Continue reading “Overview of the New Saudi Franchise Law”

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 …

Continue reading “GAZT extends deadlines for filing tax returns”