Long-Term Housing

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 Registration

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.

 

Local Requirements

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.

 

Obtaining a Driver’s License

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.

 

Opening a Bank Account

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.