Effective from Apr 20 2025 - Apr 19 2025 To view other versions open the versions tab on the right
The bank may open bank accounts for freelancers upon completing the following:
1.
Obtaining a copy of the freelancer’s permit issued by the Ministry of Human Resources and Social Development.
2.
Obtaining a copy of the national ID of the person holding the freelance job permit.
3.
Obtaining the national address of the freelancer.
4.
The bank account shall be in the name of the person holding the freelance job license. The work type stated in such license shall also be added to the name of the account.
5.
The account shall be for one person only and shall not have signatories.
6.
This type of accounts shall be classified as of high risk, and the purpose of opening such account shall be specified.
7.
The account shall be valid for a period identical to the validity period of the freelance job license.
