Readiness review
The file checked before you book travel.
Bangladesh
Corporate bank account
A Saudi bank account for your Bangladeshi-owned company, ready for your ERQ capital
Your capital from Bangladesh needs a Saudi account to land in, and Saudi banks want to meet the signatory before they open one. We put the bank file together, our own employee in Saudi Arabia books the appointment and goes with you, and you travel once.
- A single visit to sign
- ERQ timing planned
- Fixed fee, agreed first
The short answerA Bangladeshi-owned Saudi company opens its corporate account after the Commercial Registration, using the CR, articles, MISA certificate, National Address and signatory IDs. Saudi banks usually meet the signatory once. The capital follows from Bangladesh, from the ERQ account for exporters, once Bangladesh Bank has approved it under the 2022 equity-investment-abroad rules. The account comes after forming the Saudi LLC from Bangladesh.
Bank services
Banking services for Bangladeshi-owned companies
Our bank work for Bangladeshi owners is mostly timing. The ERQ capital can't move until Bangladesh Bank approves it and the Saudi account exists to receive it.
Appointment and attendance
Our Saudi-based employee books the branch visit and comes with you.
Capital timing
Bangladesh Bank approval, ERQ remittance and the open account lined up.
Signatories and access
Online banking and approval limits.
The bank file
What a Saudi bank asks a Bangladeshi-owned company for
A Saudi bank asks a Bangladeshi-owned company for its Saudi registration papers and signatory passports, plus a source-of-funds file built from the Bangladesh Bank approval and ERQ statements. Any Bangladeshi paper in the file carries the e-Apostille, which the bank can check on MOFA's e-Register.
Commercial RegistrationYour company's CR certificate
Articles of associationWho can sign, and up to what limit
MISA certificateShowing Bangladeshi ownership
National AddressThe company's Saudi Post address
Signatory IDsPassports
Source of fundsBangladesh Bank approval and ERQ statements
The route
From the bank file to your first riyal
A Bangladeshi-owned Saudi company gets from bank file to first riyal in four steps, and the signatory's visit is the only one that needs you in Saudi Arabia in person. The Saudi corporate bank account guide lists what banks ask owners from other countries.
- 1Saudi Arabia · usBank fileCR, articles, MISA, address, IDs.
- 2Saudi Arabia · usAppointmentBooked by our employee in Saudi Arabia.
- 3Saudi Arabia · youSignatory visitThe one trip.
- 4Bangladesh · your bankCapital remittedFrom the ERQ account, as approved.
Banking questions
Saudi bank accounts for Bangladeshi owners: your questions
Does the signatory need to travel?
The signatory normally travels once, because Saudi banks want to meet the authorised signatory in person before the account opens.
When does the capital leave Bangladesh?
After Bangladesh Bank approval and once the Saudi account is open to receive it.
Will the bank accept Bangladeshi papers?
Yes, when e-apostilled. A SAMA circular of 24 October 2023 tells Saudi banks to accept apostilled documents without embassy or ministry stamps, which covers e-apostilled Bangladeshi papers.
Is approval guaranteed?
The bank decides, so no one can guarantee it. What we stand behind is a complete bank file and a fixed fee.
Which Bangladeshi account sends the capital?
For exporters, the export retention quota (ERQ) account, within the amount Bangladesh Bank approves.
Can non-resident Bangladeshis use money held abroad?
Usually yes, without the Bangladesh Bank step, because the money doesn't leave Bangladesh.
All 8 divisions
Bank files for owners across Bangladesh
Everything before the bank meeting is done from Bangladesh by PDF and video call in Bangladesh Standard Time. After the account, the next step is usually the Iqama for a Bangladeshi manager; the Bangladesh formation guide shows the full order.
DhakaCapital from your ERQ account
ChattogramCapital from your ERQ account
RajshahiCapital from your ERQ account
KhulnaCapital from your ERQ account
SylhetCapital from your ERQ account
BarishalCapital from your ERQ account
RangpurCapital from your ERQ account
MymensinghCapital from your ERQ account
Non-resident BangladeshisIn the Gulf, UK or Malaysia
Bangladesh desk · GMT+6
Get the bank file ready before you travel
Share your CR date and the signatory's name, and the bank checklist comes back inside one working day.