Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi and Jordanian foreign ministers discuss Gaza situation    HR Ministry approves regulations for job ads and interviews in private sector    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    Saudi market shows resilience in Q1 2025 despite global volatility: Report    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



900 cases of tasattur reported to BIP in 2015
Published in The Saudi Gazette on 06 - 03 - 2016

Over 900 instances of tasattur operations (Saudis allowing foreign residents to run businesses in their name in return for a fixed fee) were transferred to the Bureau of Investigation and Public Prosecution last year, according to the Ministry of Commerce.
A number of experts said this was a very small number compared to the size of last year's transfers, which exceeded investments worth SR150 billion. They have called for a national program to rebuild the legislative system for business licensing and tighter sanctions for cover-ups.
"We see cover-ups in all aspects and sectors, whether economic, commercial, industrial or handicraft and even consulting. We need a national program led by the Ministry of Interior in cooperation with the ministries of Commerce and Industry, Health, municipalities, media and the investment authority to restructure the system of licensing business operations. It needs to be re-developed and improved," said Majid Garoub, a lawyer.
"Yes, we need foreign expertise and skilled manpower, whether in medium or large industries such as car plants, or in small operations such as restaurants and plumbing, carpently and blacksmith shops, but all of them must operate according to clear laws that make access easy for both foreigners and Saudis alike. We also need stricter cover-up penalties — financially, physically and economically," he said.
Economic and financial expert Sami Al-Nowaiser believes that remittances by expatriates increased significantly after the correction movement in employment in the Kingdom in 2012, and that the correction campaign in fact had pros and cons for the national economy.
Al-Nowaiser said foreign remittances exceeded SR150 billion, ranking the Kingdom second place globally in terms of the volume of foreign remittances.
He attributed widespread cover-up practices to Saudi business families deserting certain fields after the oil boom, in addition to increased income for employees in governmental sectors.
Director General of Information in the Ministry of Labor Khalid Aba Al-Khail insisted taht the relevant ministerial decisions and ongoing inspection campaigns, as well as Saudization activities, were still continuing.


Clic here to read the story from its source.