Saudi Arabia Corporate Bank Account |
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A Saudi Arabia corporate bank account is an ideal way to support companies operating in the Kingdom. Many of the leading international banks offer Saudi Arabia corporate bank accounts, although in our experience customer service is not as good as it is elsewhere in the Middle East or Asia. Healy Consultants is one of the few corporate service providers who can open a Saudi Arabia corporate bank account for our clients without them having to visit the Kingdom. The following information will help you determine whether a Saudi Arabia corporate bank account meets your business needs: |
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| 1. | Saudi Arabia's banking sector is not as sophisticated as those in the Gulf's neighbouring financial centres of Dubai or Bahrain. That said, a Saudi Arabia corporate bank account provides excellent support to companies operating in local markets. |
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| 2. | A Saudi Arabia corporate bank account offers a full range of conventional banking products and services for businessmen, including investment products, financing products and services, trade and credit facilities, remittances, bank guarantee facilities and vendor financing. |
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| 3. | A Saudi Arabia corporate bank account offers medium and long-term loans for capital investment and other long-term financing products for corporations. |
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| 4. | A Saudi Arabia corporate bank account is available with full Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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| 5. | There are no restrictions on foreign (i e non-Saudi) firms opening a Saudi Arabia corporate bank account. |
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| 6. | Healy Consultants' clients do not need to travel to the Kingdom to open a Saudi Arabia corporate bank account. Our officers in the region will handle the Saudi Arabia corporate bank account opening formalities on your behalf. |
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| Healy Consultants Fees to Help Open a Saudi Arabia Corporate Bank Account | |||||||||||||||||
Our fee to assist you to open a Saudi Arabia corporate bank account amounts to US$3,900. This fee includes: |
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| 1. | Healy Consultants International Banking Team completing the Saudi Arabia corporate bank account application form on behalf of our client, and obtaining our client’s signature. |
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| 2. | Healy Consultants' International Banking Team preparing a detailed Business Plan relating to our client's company to support the Saudi Arabia corporate bank account application. The Business Plan provides details of the company's activities, products and services offered, details of the company's suppliers and some information on its clients and intended markets. |
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| 3. | Healy Consultants International Banking Team submitting the Saudi Arabia corporate bank account application form and Business Plan to the bank, together with the corporate and personal information outlined above. |
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| 4. | Healy Consultants' local officer attending a bank interview in Riyadh, Jeddah or Dammam on your behalf, describing your global business activities and explaining why you require a Saudi Arabia corporate bank account. As described above, Healy Consultants can open a Saudi Arabia corporate bank account without the bank signatory and beneficial owners’ presence. |
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| 5. | Paying the initial bank deposit to the Saudi bank on our client's behalf. A scanned copy of the bank deposit slip is emailed to our client as verification of the same. |
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| 6. | On behalf of our client, Healy Consultants applies for corporate internet banking facilities to accompany the Saudi Arabia corporate bank account. |
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| 7. | On behalf of our client, Healy Consultants applies for a credit card (if available), ATM card and cheque book to accompany the Saudi Arabia corporate bank account. |
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| 8. | Healy Consultants International Banking Team receiving approval from the Kingdom for the opening of the Saudi Arabia corporate bank account. |
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| 9. | Healy Consultants receiving the Saudi Arabia corporate bank account Internet login and password information in a sealed letter that is passed directly to our client. |
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| 10. | Healy Consultants receiving a corporate cheque book in a sealed letter that is passed directly to our client. |
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| 11. | Healy Consultants receiving credit and ATM cards in a sealed letter that is passed directly to our client. |
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Please note that our fee to open a Saudi Arabia corporate bank account does not include the initial deposit required by the bank. |
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| Contact Us | |||||||||||||||||
For more information on our Saudi Arabia corporate bank account services, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Back to Saudi Arabia Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
