SPG Service Terms and Conditions
1- The integrated SPG service is one of the services offered by Virtual Community Company, aimed at bridging the gap between entrepreneurs with promising ideas and investment projects on one side and investors seeking fruitful partnerships on the other.
2- Virtual Community Company neither guarantees nor funds any project in any form. Its role is limited to showcasing and presenting your idea to the largest number of investors and businesspeople and connecting them with you through an effective communication channel. The extent to which they engage with your project depends on the strength and uniqueness of your idea and your ability to convince them of its value.
3- Virtual Community Company does not collect funds, contribute to, or encourage the transfer of money among all members in any way and bears no legal responsibility for the outcomes of communication between the two parties (the presenter of the investment opportunity and the investor interested in partnering). Both parties bear full legal responsibility in the event of any violations or disputes, regardless of their nature. They must follow all official legal procedures endorsed by the relevant authorities, such as establishing a formal legal entity and dealing through official bank accounts for existing companies, among other related matters that safeguard rights and regulate transactions between them.
4- To get the lowest price for the SPG service, we recommend subscribing to the Premium Elite membership, where you will receive a 30% discount on the service fee. This discount applies to Virtual Community Company’s percentage upon achieving your investment goal.
5- The SPG service fee is 25,000 SAR, of which 10,000 SAR is paid before the preparations begin, and the remaining amount is paid before you receive your dedicated WhatsApp group.
6- Upon achieving the investment goal (for example, raising 10 million SAR or its equivalent in assets through a partnership between the opportunity presenter and the investor), Virtual Community Company receives 2% of the agreed amount if it reaches 10 million SAR or more. If it is less than that, the percentage is 3%, after deducting the minimum SPG service fee paid in advance.
7- The SPG service applicant has no right to misuse the service or exploit it for purposes other than those it was created for, without conflicting with the rules and regulations established in the Kingdom of Saudi Arabia. Additionally, the SPG service user must not exploit group members for matters unrelated to the primary purpose for which the group was created.
8- The service applicant must not violate any of the Virtual Community Company’s rules and regulations and must always exhibit the most appropriate and courteous behavior when dealing with those interested in their project, as well as with the Virtual Community Company team members. It is prohibited to disseminate any suspicious ideas or those that conflict with the morals, ethics, and traditions of society, or to propose any unauthorized ideas or projects within the regulations of the Ministry of Commerce in the Kingdom of Saudi Arabia.
9- Virtual Community Company does not guarantee and is not responsible for personally verifying the financial solvency of the investor, nor does it guarantee the credibility of the information presented by the idea or project presenter. Each party must undertake this task independently.
10- Virtual Community Company does not have the right to use the data and information of the service applicant and their idea shared through its platforms for purposes other than those intended and outlined in the rules and regulations.
11- Virtual Community Company exerts its efforts to assist both parties (the service applicant and the potential investor) without any obligation on either party to finalize the partnership or investment cooperation, regardless of its form.
