Foreign investment and incorporation

Foreign investment and incorporation

Afaq is one of the pioneering companies in the Kingdom of Saudi Arabia for providing company incorporation services, which include:

  • Guide customers to choose the appropriate legal entity for their business activities.
  • Do all incorporation and licensing arrangements for all company types, including local, Gulf, mixed, and foreign companies, joint-stock companies, partner decisions, and general assemblies‎.
  • Drafting and preparing legal agreements such as joint venture agreements, letters of goodwill, articles of incorporation, and other similar contracts.
  • Licensing and opening branches of all company types.
  • Mergers and acquisitions procedures.
  • Registration of trademarks, patents, and franchise agreements.
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Litigation and arbitration

Litigation and arbitration

Afaq specializes in pleading all types of cases in all courts, including: ‎

* General Court

* Administrative Courts (Grievances Board)

* Commercial Courts

* Commercial paper dispute settlement committees

* Committees for settling insurance disputes and violations

* Labor court cases at all levels/types

* First Instance Appeals Authority for Taxation of Zakat

* Arbitral Tribunals

* All administrative committees with judicial jurisdiction

* Execution Courts

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Supervision and coordination of litigation outside the Kingdom

Supervision and coordination of litigation outside the Kingdom

We handle all litigation procedures in the Gulf Cooperation Council countries, as well as Iraq, Jordan, Lebanon, and Egypt, through our attorney allies in these countries, with whom we have real mutual companies to serve our clients since we are able to manage and formulate policies related to cases in these countries under our intensive supervision, as well as incorporate companies of all types in these countries.

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Restructuring Family Businesses

Restructuring Family Businesses

Restructuring family businesses and their governance to avoid future risks associated with management and separation approach between owners and executive management in order to achieve family business continuity, and transforming some of them into closed joint-stock companies to enter the parallel market and others into public joint-stock companies to enter the Saudi stock market. ‎

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Legal consultancy and contracts drafting

Legal consultancy and contracts drafting

At Afaq law firm Legal Consultations, we seek to provide all legal Consultancy to companies and the business sector, as well as other economic activities, in order to achieve their interests in financial, administrative, and technical contracts, while we have extensive experience in providing professional counsel of all types and specializations through highly qualified legal consultants and attorney in this field. ‎

 

Contract and agreement drafting, including supply agreements, memorandums of cooperation, memorandums of understanding, various types of contracts, memorandums of confidentiality of information, internal regulations, international correspondence, commercial agencies, legal memoranda, and coalition agreements. ‎

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Corporate governance

Corporate governance

Drafting ordinary, extraordinary, constituent, and transformational general assemblies, preparing annual reports of the board of directors for shareholders, drafting regulations for remuneration and nomination committees, audit committees, and executive committees, and ensuring that the client follows all aspects of disclosure and governance in the company in accordance with the Companies Law and the Capital Market Authority.

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Labour system

Labour system

One of the most important aspects, according to Afaq, is business relationships. As a result, our attorneys are working efficiently to meet clients’ needs in this aspect. ‎

  • We offer professional counsel on the labor system, litigation, and alternative dispute resolution methods such as mediation and arbitration. ‎
  • Take immediate action with labor bodies.
  • Advising on labor practices, and handling cases related to the termination of the employee’s services, entitlements, and the like.
  • We formulate, review and amend employment contracts in accordance with the nature of work and the system of work and workers.
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Real estate services

Real estate services

Afaq Law Firm and Legal Consultations provide fully effective real estate services, which include:

*Drafting, reviewing, and amending all types of contracts and agreements, whether for property sale or purchase. ‎

* Inheritance services.

*Dispute resolution and mediation in real estate cases.

*Representing clients in all levels and types of courts, as well as judicial and governmental bodies.

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Insurance services

Insurance services

Afaq provides insurance practice specialists to meet all aspects of the Middle East insurance industry, including regional and international insurance companies, insurance brokers, insurance claim processors, and reinsurers, as well as consulting on all types of insurance protection and claims for businesses across a wide range of industries. ‎

We have experience in a variety of insurance-related legal services, including:

 

  • Legal representation in a wide range of ordinary and transferred claims.
  • Providing health insurance counsel to well-known insurance companies regarding health insurance requirements.
  • Regulations in the region governing foreign insurers, licensing, and incorporation.
  • Negotiation, settlements, and representation in arbitration and litigation matters.
  • Providing global reinsurers with insurance claim advice regarding insurance requirements, negotiating settlements, and representing them in court.
  • Providing commercial credit insurance counsel. ‎
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Intellectual property

Intellectual property

  • Our global resources, combined with our consistent and regular attendance at intellectual property rights conferences, have enabled us to provide intellectual property services.
  • In terms of patents, we have experience with registration, licensing, and advising clients on patent strategy for product development and protection in biotechnology, chemical, electronic, and mechanical fields.
  • Copyright, trademark, and patent protection, registration, licensing, as well as providing litigation counsel.
  • As our company works effectively in providing counsel to protect their interests and achievements, we have extensive experience in the field of intellectual property protection from any violation at the local and international levels.
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Due diligence

Due diligence

  • Our legal due diligence services include a comprehensive and in-depth investigation into commercial decisions before acting.
  • Due diligence work entails evaluating a company’s or entity’s financial information history, as well as determining whether a company or entity has provided accurate information on working capital, cash flow, and commercial factors such as market conditions, which are also important to evaluate as part of due diligence, as well as applied systems and controls, environmental, and legal matters.
  • Due diligence protects boards of directors and executives from personal liability and helps ensure that businesses make sound decisions that contribute to their growth and prosperity. Due diligence is required in real estate transactions to ensure the real estate and proper ownership and investment are safe. The goal of due diligence in both cases is to provide protection before spending money or entering into any transaction or business. Due diligence requirements vary depending on commercial decisions. We can assist businesses in meeting the due diligence requirements in a variety of commercial transactions, including, but not limited to, mergers, acquisitions, and real estate matters.
  • Those who want to enter into contractual or commercial relations with a foreign country must be aware of all the factors that must be taken into account when conducting due diligence. It is also necessary to collaborate with law firms that have knowledge about local laws and customs and can assist them in understanding what to look for and how to obtain the necessary information.
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Mergers and Acquisitions

Mergers and Acquisitions

Our experience in corporate structuring and restructuring includes:

Performing due diligence

  • Acquisition structuring design.
  • Preparing, reviewing, and consulting on all structure-related agreements.
  • Organizational strategy and compliance consulting‎.
  • Coordination of cross-border transactions.
  • Obtaining approvals from the appropriate authorities. ‎
  • Counseling on all aspects of company licensing. ‎

Complete merger and acquisition procedures

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Cybercrime

Cybercrime

One of the most important industries of our time is information technology. As the information technology sector grows year after year, there will be a proportional increase in cybercrime around the world. Our firm provides legal counsel to large publicly traded information technology companies, medium-sized businesses, and startups. We offer our customers proactive legal services that represent the most up-to-date legal solutions.

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Tax and Zakat

Tax and Zakat

Afaq’s team consists of highly experienced attorneys and consultants who offer a wide range of advanced tax services. ‎

Afaq assists clients in planning local and international corporate taxes, as well as consulting and representing them in litigation and tax cases. We specialize in preparing and submitting appeals against Zakat and tax estimates to the appropriate committees, in addition to expressing an opinion on Zakat and tax matters, including selecting the most appropriate tax arrangements.

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