No. A CR and MISA license are required before opening a business bank account.

• CR (Arabic & English)
• MISA Digital License
• Articles of Association (AOA)
• Activities List (Arabic & English)
• Company National Address
• Owner’s/Partners’ Iqama ID
• Owner’s/Partners’ Passport ID
• Company Stamp with CR Number (required by some banks)

No major restrictions exist, but tax obligations must be fulfilled before transferring funds.