Article 2
| No: 228 |
Effective from Jan 08 2019 - Jan 08 2019
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Commercial or professional activities referred to in Article 1(15) of the Law are:
| 1. | real estate brokerage; | |||||
| 2. | trading in gold, precious stones, or metals where the value of the transaction exceeds 50,000 Saudi riyals, whether said transaction is carried out in a single transaction or seemingly-linked multiple transactions, and whether carried out through a sole proprietorship or a commercial company; and | |||||
| 3. | legal or accounting services relating to any of the following activities that are provided by lawyers, accountants, or other persons in the practice of their profession: | |||||
| a. | customer’s purchase, sale, or lease of real property; | |||||
| b. | management of a customer's funds, including his bank or investment accounts or his other assets; | |||||
| c. | establishment, operation, or management of entities with legal personality or subject to a legal arrangement, or the organization of subscriptions related thereto; and | |||||
| d. | customer’s acquisition or sale of commercial companies. | |||||