Saudi Arabia corporate banking options
- Where possible, Healy Consultants bank account opening team will liaise with the bank to prevent our Client having to travel for an account opening interview;
- Healy Consultants assists our Client open a Saudi corporate bank account. Our Client deposits the paid up share capital of US$26,665 and supplies Healy Consultants with a certificate of deposit and bank statement;
- There are no exchange control regulations governing the repatriation of funds, profits, or capital after corporate dissolution. There is no limitation on the inflow or outflow of funds for remittances of profits, debt service, capital, capital gains, and returns on intellectual property or imported inputs.
- Healy Consultants’ fees for opening a corporate bank account is US$4,950 without travel.
Frequently asked questions
Is Saudi Arabia company formation right for my business?Healy Consultants will be pleased to guide our Clients regarding the optimum corporate structure to conduct business in Saudi Arabia. Because formation of a Saudi company is a challenging task, some Clients might benefit more from appointing a commercial agent instead.
During Saudi Arabia company formation, will I have to travel to open a corporate bank account?Healy Consultants will try its best to negotiate travel exemption for our Clients. However, most banks do require bank signatories to travel to Saudi Arabia for an in-person interview.