Local bank account

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Guest578Guest10 May 2016 18:59:43

214245

Dear fellow expatriates,

I would like to know if the law in Saudi forces expats with Iqama to have their salary transferred to a local bank account or if it can be transferred to a bank account overseas. Thank you.

HRGuru ViP

Member since 12 January 2013

HRGuruViP11 May 2016 06:07:44

2233

The company cannot transfer money to overseas account since there will be withholding tax applied to the amount. In addition if you are under iqama here , your employer should transfer the salary to a local bank account as per new labor policy directive. You can however transfer the amount to other account overseas.

beirut961 Active member

Member since 09 January 2011

beirut961Active member11 May 2016 09:22:03

You will be paid in Saudi, but transferring the money to your home account is very easy, can be done online.

aroway Active member

Member since 08 September 2015

arowayActive member12 May 2016 04:03:51

beirut961 wrote:
You will be paid in Saudi, but transferring the money to your home account is very easy, can be done online.

that's right

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