Saudi Arabia: Curiosity – Foreign Employees To Be Paid Via Bank Transfer
Foreigners must open Saudi bank accounts to receive wages
According to media speculation, a new law will soon be introduced in Saudi Arabia, which requires private companies to pay their employees’ salaries via bank transfer. The transfer to an employee’s Saudi bank account must be arranged until a specific date agreed in the employment contract, but no later than the last day of a month.
The system aims to protect foreigners by ensuring timely payment of wages via bank transfer and it is to apply to all workers regardless of the position they occupy at a company. Foreign employees who do not have a Saudi bank will need to open one with any official banking institution operating in Saudi Arabia (e.g.: SABB, Al Rajhi Bank, Saudi Fransi Bank, etc).
As no official government announcements have been made and no legitimate decrees are available, the date of implementation is yet to be confirmed. Move One is closely monitoring the changes and will provide updates as necessary.
Our articles are for informational purposes only. Should you have any further questions regarding matters related to Saudi immigration procedures, please feel free to contact your global Move One immigration specialist, or send an e-mail to immigration@moveoneinc.com.
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