Auditing services

HOME ABOUT US RIYADH JEDDAH ACCOUNTING VAT AUDITING BUSINESS SETUP TRADE MARK INCOME TAX BOOKKEEPING & PAYROLL CONTACT NEWS HOME ABOUT US RIYADH JEDDAH ACCOUNTING VAT AUDITING BUSINESS SETUP TRADE MARK INCOME TAX BOOKKEEPING & PAYROLL CONTACT NEWS A Comprehensive Guide to Trademark Registration in KSA Saudi Arabia is one of the biggest business hubs in the world today, and the expanding economy and pro-business policies of the country are fuelling this growth. If you are a business owner, you would know the significance of a brand identity. The brand you create for your business is a promise to your customers; it is a reflection of your values and a key aspect that differentiates you in the market. Your brand needs proper protection against theft, misuse, and infringement. That’s where trademark registration comes in! Trademark registration protects your brand and this is your guide to trademark registration and company formation in KSA! What is a trademark? Before we dive into the details of trademark and tradename registration in Saudi Arabia, first we need to understand what a trademark really is. A trademark is a distinctive sign, symbol, word, phrase, logo, or design that identifies your product or service and differentiates it from others. Trademarks can be registered for a lot of things, including business names, logos, product names, packaging, taglines, domain names, and even social media handles. Why register a trademark in KSA? Registering a trademark in Saudi Arabia offers you a wide range of benefits, and if you are a business owner planning to establish a brand of your own, trademark registration is an essential step in the process. Trademark registration allows you to display your brand name and logo on boards, signage, and other promotional materials. Registration gives you exclusive rights to use the trademark in connection with the goods or services you provide, which will distinguish you from your competitors. Registration also provides you with a legal basis for taking action against anyone who infringes on your trademark. Branding your services and products will help you distinguish and improve the brand value of your business among customers and investors. Trademark registration will deter your competitors from using similar symbols and marks, which will help you protect your market share. The trademark registration process in KSA Now that you know what a trademark is and how it can boost your business in KSA, let’s dive into the trademark registration process in Saudi Arabia, which involves several steps. Conduct a trademark search: To make sure your mark is distinct and doesn’t violate any already-existing ones, the first step in registering a trademark is to perform a comprehensive search of existing trademarks. Prepare and file the application: After completing the research process and confirming that your mark or name is unique, you can submit a trademark application to the Saudi Authority for Intellectual Property (SAIP) along with the necessary paperwork, including a power of attorney, a copy of your trade license (if you’re applying as a business), a copy of your passport or identification, the artwork for your brand name or logo, a list of your products and services, the priority document, etc., and fees. Consideration period: The consideration period is a 90-day-long period in which SAIP will review your application to make sure it meets the necessary requirements; a fee of 1000 SAR applies during this period. Your trademark will appear in the official gazette if it is approved. Publication period: After your trademark is published in the Gazette, third parties have a 60-day window to object. You will need to pay a fee of 500 SAR during this period. Registration and Renewal: If no objections are received during the publication period, your trademark will be registered. The registration fee is 5000 SAR and the validity period of a trademark is 10 years in KSA, so you need to renew it every 10 years. Registering trademark in KSA with Accurate Trademark registration in KSA is not an easy process and Failing to conduct a thorough search, failing to provide required documents, incorrect classification, and not renewing the registration on time are all common mistakes business owners make with this process. But Accurate can help! We are your one-stop solution for company formation in KSA and we will help you with the complete legal proceedings and uniqueness search of your tradename and trademark registration journey! Mistakes and confusion on your end while filing for trademark registration can lead to delay and rejection, but at Accurate, we ensure a fast and error-free registration process you can rely on. Conclusion Registering your trademark is an essential first step in creating and protecting your brand identity. Accurate can help you with a hassle-free trademark registration process in Saudi Arabia if you are set on creating a unique brand identity for your products or services. Get in touch with us to learn more. FAQs What is a trademark? A trademark is a unique sign, symbol, word, phrase, logo, or design that identifies a product or service and distinguishes it from those of others. Why should I register my trademark? Registering your trademark provides exclusive rights, protects your brand from infringement, and increases its value and credibility. How long does trademark registration last? Trademark registration is valid for 10 years in KSA, and it is renewable. How long does it take to register a trademark? The trademark registration process typically takes several months, depending on the complexity of the application. Featured News Launching a Business in Saudi Arabia? Here Are the Top 6 Cities to Consider Financial Health Alert:  Signs Your Business Needs Urgent Action Strengthening the Role of Internal Auditing in Government Entities: Auditing Services In Saudi Arabia View this post on Instagram A post shared by Accurate Accountings (@accurateaccountings_) Got Questions? We’ve Got Answers Claim Your Free Consultation Whatsapp Instagram Facebook-f Ready to start your business in KSA? Contact us today for free expert guidance! Ready to start your business in KSA? Contact Us Leave a Reply Cancel Reply Logged in as

HOME ABOUT US RIYADH JEDDAH ACCOUNTING VAT AUDITING BUSINESS SETUP TRADE MARK INCOME TAX BOOKKEEPING & PAYROLL CONTACT NEWS HOME ABOUT US RIYADH JEDDAH ACCOUNTING VAT AUDITING BUSINESS SETUP TRADE MARK INCOME TAX BOOKKEEPING & PAYROLL CONTACT NEWS Extension of ZATCA’s Penalty Relief Initiative Extension of ZATCA’s Penalty Relief Initiative: Financial Relief and Compliance for Taxpayers The Zakat, Tax and Customs Authority (ZATCA) has extended the “Cancellation of Fines and Exemption of Financial Penalties” initiative by the Minister of Finance for another six months until June 30, 2025. With exclusions from several financial penalties under all tax rules, this ruling provides much-needed assistance to taxpayers throughout the Kingdom. Among the fines covered by the program are those for late tax registration, late tax payment, and late tax return filing. Penalties for VAT return errors, infractions of the rules surrounding e-invoicing, and general VAT rules have also been removed. It is worth noting that it does not affect fines paid prior to the effective date of the initiative, penalties arising from returns that are due after December 31, 2024, or those penalties that come from tax fraud. Taxpayers must ensure that they enroll with ZATCA to file any unfiled or missed tax returns to benefit from the program. They also have to pay the principal tax amount due on filed or revised returns. For taxable persons who have significant tax obligations, taxpayers may also request an installment payment plan. All payments should be made as per the conditions of the installment agreement that has been approved by the authority, and this plan should be applied for within the active period of the initiative. By posting a condensed guideline on its official website, ZATCA has made the specifics of this endeavor clearly available. This guidance describes the precise circumstances in which taxpayers can take advantage of the exemption, explains in detail which penalties are covered, and guides taxpayers through the application process for installment plans. It further clarifies the consequences of field infractions, especially those pertaining to VAT and electronic invoicing. Before this extension expires in June 2025, the ZATCA encourages taxpayers to make the most of it. By doing this, they can guarantee that their tax responsibilities are met while also removing or lessening the financial burden of penalties. Taxpayers are invited to contact ZATCA’s unified call center at 19993 for any inquiries or additional information, as support is always accessible. Accurate Guidance on ZATCA’s Extended Tax Penalty Exemption Initiative Extension of the “Cancellation of Fines and Exemption of Financial Penalties” initiative up to June 30, 2025, by Zakat, Tax and Customs Authority, has been a valuable opportunity for Saudi taxpayers. In this regard, the initiative works to reduce various tax penalties for both individuals and business organizations, alleviating financial stress. It spans a variety of penalties, including late tax registration, late payments, and returns. It also removes fines associated with errors in VAT returns and violations of e-invoicing regulations. By extending this initiative, ZATCA promotes compliance and opens a door for taxpayers to rectify past oversights without piling up extra financial burdens. Taxpayers will be able to take advantage of this program if they are registered with ZATCA and file all outstanding tax returns. They have to pay the principal tax amounts due on those filings. ZATCA allows taxpayers who are subject to heavy tax liabilities to enter into an installment payment plan, which helps businesses manage cash flow while fulfilling obligations. Accurate can be a significant source of aid for businesses moving through this turbulent landscape. For years, this business formation service in KSA has been specifically focused on clients’ tax questions and compliance: ensuring that proper filings are in place and getting them done to the letter by the deadline. Accurate may help reduce exposure to risks while maximizing the availability of benefits within initiatives. The extension of this program is a timely reminder for taxpayers to reassess their obligations. In the face of agencies such as Accurate, businesses can easily navigate their tax responsibilities while at the same time minimizing penalties. Taxpayers are urged to act promptly before the initiative runs out in June 2025 to fully enjoy this opportunity to ease their financial burdens. Featured News Launching a Business in Saudi Arabia? Here Are the Top 6 Cities to Consider Financial Health Alert:  Signs Your Business Needs Urgent Action Strengthening the Role of Internal Auditing in Government Entities: Auditing Services In Saudi Arabia View this post on Instagram A post shared by Accurate Accountings (@accurateaccountings_) Got Questions? We’ve Got Answers Claim Your Free Consultation Whatsapp Instagram Facebook-f Ready to start your business in KSA? Contact us today for free expert guidance! Ready to start your business in KSA? Contact Us Leave a Reply Cancel Reply Logged in as bloombiz tech. Edit your profile. Log out? Required fields are marked * Message* Accurate accounting is one of the leading company formations, accounting solutions, and VAT service consultancy in Saudi Arabia. Our company offers an extensive range of business formation in Saudi Arabia, and we have decades of experience and qualified team members.  Instagram Facebook Whatsapp Linkedin ➡️Jeddah Office Mob 1 : +966 53 344 1503 Mob 2 : +966 56 641 2742 Mail : sales@accurateaccountings.com Location : Accurate Accounting ,VAT & Auditing Solutions King Khalid Road, Al-Baghdadiyah Al-Sharqiyah, Jeddah 22234, 6th Floor, Room No. 603. 01264579 ➡️Riyadh Office Mob 1 : +966 53 967 9925 Mob 2 : +966 56 627 2958 Landline : +966 11 512 7177 Mail : solutions@accurateaccountings.com Location : Accurate Accountings, Business Setup, VAT & Auditing Building Number 55 Al Hawari Street Al Malaz District Riyadh, KSA 12831 ➡️Dammam Office Mob : +966549234309 Location : Accurate Accounting, 32221, Business Quarter Q1 Building 14th Room (Regus) , Salman Al Farisi St, Al Khalidiyyah Al Janubiyyah, Dammam 3222