Business Banking KSA | Open Your Corporate Bank Account
Run your business in Saudi Arabia with a corporate bank account that enables capital deposits, salary payments, and tax compliance.
Who Can Open a Business Bank Account?
- Saudi Owners: Citizens with a valid license.
- GCC Nationals: Investors with local proof of residence.
- Foreign Investors: Holders of a valid MISA license.
- Company Directors: Signatories with a valid Iqama.
- Legal Guardians: For opening minor savings accounts.
Types of Business Bank Accounts
Corporate Current Account
Payroll Account
Holding Account
Personal Account
Why Business Accounts Are Required?
They are not optional. Actually, they link you to the government.
Here is why you need one:
- WPS Rules: It tracks staff salaries.
- Capital Proof: It shows you deposited funds.
- Visa Renewal: You cannot renew visas without it.
- Tax Filing: Zakat and VAT payments go through it.
Can You Open an Account Online?
Yes, but mostly for personal accounts.
You will need:
- Valid Iqama
- Mobile linked to Absher
- Nafath's facial check
For most business accounts, expect a branch visit.
What Is WPS and Why Do You Need It?
The Wage Protection System (WPS) is required.
- Tracks monthly salaries
- Prevents payment delays
- Links to visa renewals
If you skip it, you face fines or blocked services.
Why Choose Business Link?
Opening an account is hard without help. That is where we come in. We help you by checking all documents. Choosing the best bank. Booking your meetings. Handling follow-ups. Aligning taxes and visas. As a result, you get no mistakes and no delays.
FAQ’s
Can I open an account from abroad?
No. The manager must visit a Saudi branch.
What is the minimum deposit?
Usually, between 5,000 to 10,000 SAR.
How long does it take?
Expect 2–4 weeks. However, complex cases take longer.
Is a physical office required?
Yes. A registered National Address is required.
Can a foreigner be the manager?
Yes, but they need an Iqama and must live in Saudi Arabia.