Timeline: The name reservation process typically takes about 2 weeks from the date of submission. However, this can vary depending on the MoC's workload and the uniqueness of the proposed names.
Cultural Sensitivity: When choosing a company name, it's important to consider cultural sensitivity and relevance in the KSA market. Names that resonate well within the local culture and business environment are likely to be more effective.
Legal Clearance: Ensure that the proposed name does not infringe on any trademarks or intellectual property rights within KSA. P&A may provide guidance or suggest conducting a preliminary check to avoid potential legal issues.
In the Event of Rejection: Should the MoC reject the proposed names due to similarity with existing entities or other reasons, You will need to regroup and propose alternative names. It's advantageous to have multiple name options prepared in advance to expedite this process.
Following the successful reservation of a company name, the process moves forward to applying for a Foreign Investment License.