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Saudi Arabia × Banking & Capital Access
Bank accounts, loans and investors in another market. In Saudi Arabia, that means local law, local regulators and local practice, handled by a qualified professional who practises there.
On request
No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.
Bring a requirement →Riyadh · Tuesday 3 November
21:05
Local time
What the rules say in Saudi Arabia
From the Saudi Arabia market guide: the points that matter most for banking & capital access, each with the source it was checked against.
Full guide · Source-checked research100% of statements checked against a source119 checked against an official source54 checked against a secondary sourceChecked 2026-10-19Not yet professionally reviewed
Where a company's activity requires it, a licence or preliminary approval from the Saudi Central Bank (SAMA) is needed to incorporate the company.
Financial activities supervised by SAMA, for example banking, finance and payment services.Ministry of Commerce · checked 2026-10-19Investors may transfer funds within or outside Saudi Arabia without delay, including profits and sale proceeds, in any recognised currency.
Investors under the Investment Law; tax withholding on outbound payments still applies.Ministry of Investment (MISA) · checked 2026-10-19Investments may not be confiscated except under a final judicial ruling, and expropriation is allowed only in the public interest, under legal procedures and against fair compensation.
Investors under the Investment Law.Ministry of Investment (MISA) · checked 2026-10-19Saudi Arabia has signed a Model 1 intergovernmental agreement with the United States under FATCA, and Saudi financial institutions report US reportable accounts to ZATCA.
Saudi financial institutions; relevant to account onboarding questionnaires.PwC Worldwide Tax Summaries · checked 2026-10-19Saudi Arabia has joined the CRS Multilateral Competent Authority Agreement, and financial institutions must identify customers' tax residence and report foreign-resident accounts through ZATCA.
Saudi financial institutions; account holders must give self-certifications of tax residence.PwC Worldwide Tax Summaries · checked 2026-10-19Listed companies may own real estate in the Kingdom, including Makkah and Madinah, but a listed company holding property there for purposes other than its own or its branches' headquarters must keep non-Saudi ownership of its shares and convertible debt instruments at or below 49% at all times and may not have a foreign strategic investor as a holder.
Issued by CMA Board Resolution 1-8-2026 dated 21 January 2026 under the Capital Market Law and the Real Estate Ownership by Non-Saudis Law. Investment funds and special purpose entities are also covered.Capital Market Authority (CMA) · checked 2026-10-19Money laundering supervision involves the Saudi Central Bank (SAMA) and the Saudi Arabian Financial Intelligence Unit (SAFIU), and penalties under the Anti-Money Laundering Law reach up to 15 years' imprisonment and fines of up to about USD 1.8 million.
Source states fines in US dollars. Higher penalties may apply in aggravated cases.US Department of State · checked 2026-10-18Saudi Arabia does not limit remittances of profits, debt service, capital, capital gains, returns on intellectual property or payments for imported inputs, other than certain withholding taxes, and there are no waiting periods for remitting investment returns through normal legal channels.
US Department of State · checked 2026-10-19Read the full guide: Banking, currency and repatriation · Deals, merger control, investment screening and insolvency · Anti-corruption, AML, sanctions and compliance
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WONE Global Partners in Saudi Arabia
No named lead for Banking & Capital Access yet — these WONE Global professionals already work in Saudi Arabia and can bring the right local colleague in.
Riyadh · Saudi ArabiaWONE Global Partner · Saudi Arabia
Abdullah Yousef Al-Hussaini (License No. 992) is a seasoned accounting and auditing professional with a career spanning leading roles at Ernst & Young (EY) and one of Saudi Arabia’s largest insurance companies, includin…
Jeddah · Saudi ArabiaWONE Global Partner · Saudi Arabia
Jeddah · Saudi ArabiaAlso in Saudi Arabia
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