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Minimum Rental Periods
The minimum rental agreement period is typically 1 year.
Required Documents for Signing a Lease
Typical documents required to sign a lease are a valid passport with Saudi visa or valid residency permit and proof of employment.
Standard Security Deposit
The security deposit is equivalent to 1 months’ rent or 5-10% of the annual rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inventory, inspection of outstanding refurbishments, and cleaning.
Outstanding payments for utilities, water, electricity, and repairs will be deducted if necessary
Rental Commission
Should you utilize the services of a real estate agent to help you in your search, agencies usually collect rental commission equal to 2.5%-5% of the annual rent.
Payment of Rental Commission
The agent’s rental commission is typically paid by the tenant.
Accepted Method of Payment
Wire transfer is the preferred method of payment.
School Fees
Typical school fees include:
• Registration fee
• Tuition fee
• Admission fee
• Application fee
Accepted Method of Payment
Wire transfer is the preferred method of payment.
Additional Notes
Space is limited in the International schools so it is important to start looking at schooling options as soon as you start your relocation journey.
Residency Requirements
When you move to Saudi Arabia you may want or need to establish residency. Requirements may include:
EU Citizens
• Work permit
• Residence permit
• Obtain Iqama
Non-EU Citizens
• Work permit
• Residence permit
• Obtain Iqama
It is advisable to connect with a local expert to identify any additional requirements and advise on support available to assist in meeting the local requirements.
Requirements
Typical documentation required to obtain a driver’s license include:
• Copy of valid passport (must be translated into Arabic)
• Original and copy of Iqamah
• Origin country driver’s license
• Passport sized photos
Additional Notes
The process of obtaining a driver’s license may vary based on your origin country. Most European countries, and USA can exchange their origin driver’s license for a local license. Other nationalities are required to pass a test.
It is advisable to obtain an International Driver’s license prior to arrival in KSA. Driving with an international license is authorized until you convert your original driver’s license to a Saudi one.
Required Documents
In order to open a bank account, you may be asked for:
• Valid Residency Permission (Iqama)
• Work Contract
• In some cases, a sponsor’s letter is required.
Time Required
It may take 1-3 days for your account opening to be complete.
Additional Notes
Examples of Banks in KSA include: HSBC, Samba, SABB, AlAwwal, AlRajhi, Saudi British Bank, Saudi Fransi bank.