Payments License and Approvals - License Request

Saudi Central BankSaudi Central BankServicesPayments License and ApprovalsPayments License and Approvals - License Request
Payments License and Approvals - License Request

Basic Information

Mobile Number
You will use this mobile number to follow-up your request
Email
Email Confirmation

Genral Information

Company Official Name
Company Official Name – Arabic
CompanyCommercial Name
Company Commercial Name – Arabic
Company Short Name
Legal Entity Type
Legal Entitty Identifier
License Type Requested
Registered Capital
Company Logo
Licensing application (PDF) Signed
Company Name Reservation

Company's Ownership

Company Ownership :
      1. Clarify the name(s) of the shareholders (individuals/Entities); attaching ID and passport, in addition to the Fit & Proper form for natural shareholders (individuals), and the commercial registration including AOA, besides, the Fit & Proper form for legal personality of corporations
      2. Clarify with details of the legal person -if any-, attaching a copy of its commercial register, the articles of association, and all natural owners of this legal person, along with attaching a copy of their ID and passport for each of them. And clarify the percentage of their ownership
      3. In case that still there are legal persons in the ownership structure, it should be detailed until all natural persons are reached and their documents -mentioned above- are provided" after it is completed, signed by the founding shareholder, and attested by the person authorized to submit the license application
      Company Owner Name
      Ownership Percentage
      Entity type
      ID or CR
      ID or CR
      Nationality
      Owners Survey
      CV Of Owners
Board Members Survey
ID and passport for saudis Or passport for non-saudis

Business Structure

Company Line Of Business
    • No Of Products
      No Of Branches
      No of service provider contracted with as a third party
Draft Of AoA
Company By Law
Organizational Structure

Employment

Saudi Recruitment Plan For Current Year
Estimate Staff Number
No Of Saudi Employees
No Of Non Saudi Employees
Saudization Ratio
Saudi Recruitment Plan For Next (% )
    • Year
      Select
      Saudi Recruitment Plan For Next (% )
Organizational Structure Details
    • Name
      Nationality
      Select
      Position Level
      Position ID
      Reporting To
Saudis recruiting and training plan

Other Requirments

Business Plan
Vison And Goals
Cost Estimations And Financing Resources
Estimate Growth Rate
Annual Cost Based On Projected Growth Rate
Projected Financial Statements Related To The Growth Rate
Current transaction value/volume (12 month average as of most recent last day of the month)
Marketing Plan
Any Agreements With outside Parties
Security Deposit (Minimum amount based on the license type)
Board resolution in support of the application for the required license
Audited financial statements (of the past 3 years, if applicable, including the financial statement and the letter from the external auditor to management)
Policies Attachments
  • - Anti-money laundering and counter terrorism financing
  • - Consumer protection
  • - Safeguarding of customer funds, including agreement with bank fully liable for customer funds(for EMI)
  • - Fraud detection
  • - Client money reconciliation
  • - Account opening
  • - Risk based customer limits
Attachments
  • - Business continuity
  • - Data protection and privacy
  • - Cybersecurity
  • -IT infrastructure and system architecture plans, including, but not limited to applications and systems, data centers, servers, networks
Proof of payment services license from another regulatory body (if available)
Failed
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License received by the institution

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