FAQ

How can the exporter take advantage of the Technical Barriers Agreement?

The knowledge of the Kingdom's obligations under the agreement of Technical Barriers on Trade is necessary.

The exporters and producers can get to know the latest local specifications and standards applicable to each state through its Inquiry Center.

Who are the beneficiaries of the Trade Agreement in Services?

The government, service providers, consumers and the general economy may benefit from the Trade Agreement in Services (GATS) according to the following:

A. Governments
Governments rely on an open and transparent environment to   provide services. The effective basic for services is a prerequisite for economic success.
Services such as telecommunications, banking, insurance and transportation provide input to all sectors strategically important, especially the sectors of commodities and services. Without the element of competition, it is not likely to prove its superiority in this field - to the extent detrimental to economic efficiency and growth in general.

(B) Local Service Providers
Through GATS, service providers can get better access to foreign markets, which affect the level of their service exports.

(C) Consumers of Services
There is strong evidence in many of the services that the liberalization leads to low level of prices, better quality and provides a wider range of choices to the consumers.

(D) Public Economy
Countries that have liberalized service markets have seen a wider   developments in the production process, where liberalization has allowed for greater transparency and predictability.
As the state's obligations contained in its service agenda at the World Trade Organization ensure providing a legally binding guarantee that allows foreign companies to supply services in accordance with stable terms.
In addition, the services commitments at the World Trade Organization would help in promoting foreign direct investment, which brings with it typical new skills and techniques to help engage in a larger economic system in many ways.

What is the Consolidated Register of the Commercial Mortgage

An electronic record for commercial mortgage contracts, such mortgages are effected on movable funds. In the event that the debtor has breached his mortgage-secured obligations, the direct execution printout or the executive bond may be requested from the registry, as the case may be.​

What is the Commercial Mortgage?

An agreement between two parties (the Mortgagor and the mortgagee) in which the former undertakes to provide a guarantee for a debt. This agreement is subject to amendment or addition thereto.​

Who can benefit from the Commercial Mortgage?

The Saudi national, the Gulf citizen, the employer, or the official representative (The Power of Attorney should be attached

Who is the Mortgagor and the mortgagee? And how to register a mortgage in the Consolidated Register of Commercial Mortgage?

The Mortgagor: The mortgage provider whether he is the debtor or the guarantor.

The Mortgagee: The person or persons as the case may be, whom the mortgage is provided for his benefit.

The mortgage is effected directly by submitting the application by the mortgagee through the platform of the consolidated register of the commercial mortgages.​


What is the benefit of the registration in the Consolidated Register of Commercial Mortgages?

Facilitating getting financial loans for commercial enterprises

Implementation of the mortgage contract against third parties                                                                                                             Facilitate the execution on the item mortgaged  ​



Is it necessary to register in the Consolidated Commercial Mortgage Register?

 Yes.   ​

What are the funds that can be mortgaged in the Consolidated Register of Mortgages?

All movable funds shall be mortgaged for example: cars, equipment, watches, electronic devices, raw materials, bales, etc.

In order to guarantee a debt for commercial purposes.​


How does the Consolidated Commercial Mortgage Register differ from the Ministry's regulations?

This system is concerned only with the registration of mortgage contracts on movable funds, for example: cars - equipment - watches - electronic devices - raw materials - bales ... etc.​

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Last Modified 09 Mar 2019
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