Frankincense collection
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Compliance Risk Score
80/100- Verified against GASTAT/Official source
- Updated for 2026 classification
- Complete hierarchy structure
- GOSI registration status verified
- Regulatory compliance requirements detailed
π Description
SSIC 023001: Frankincense collection. Supervised by Ministry of Environment, Water and Agriculture. Used for company registration, Nitaqat, and licensin...
π Description
SSIC code 023001 β Frankincense collection β classifies economic activities in this sector according to the Saudi national classification system.
Supervisory entity: Ministry of Environment, Water and Agriculture
Licensing entity: Ministry of Environment, Water and Agriculture
Occupations Related to this Activity
Related Codes
When to use this code
Ministry of Commerce β Commercial Registration
Saudization quotas by sector via Qiwa
Permits from supervisory authorities
National reporting β GASTAT
FAQ
What is SSIC code 023001?
SSIC code 023001 corresponds to 'Frankincense collection' in the Saudi Standard Industrial Classification (SSIC), based on ISIC Rev.4 and maintained by GASTAT. It is a activity-level code used in business registration and government filings in Saudi Arabia.
When should I use SSIC 023001?
Use SSIC code 023001 when your main business activity is 'Frankincense collection'. You will need it for: company registration at the Ministry of Commerce, Nitaqat Saudization compliance, GOSI registration, and statistical reporting.
What Saudization rate applies to SSIC 023001?
Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 023001. Rates were updated in 2025-2026 for most sectors.
Data source: General Authority for Statistics (GASTAT) β SSIC/SSCO 2026 Edition.
This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.