The Foreign Transfer Duty Declaration is a crucial compliance document required by Saudi Arabian authorities for any significant international transfer of funds. This declaration must be submitted to comply with regulations set forth by the Saudi Arabian Monetary Authority (SAMA) and aligns with the kingdom's anti-money laundering and counter-terrorism financing laws. The document becomes necessary when conducting international transfers above certain thresholds or for specific purposes as defined by Saudi regulations. It typically includes detailed information about the parties involved, source of funds, purpose of transfer, and relevant tax implications. The declaration helps authorities monitor foreign exchange movements, ensure tax compliance, and maintain financial system integrity within Saudi Arabia's jurisdiction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Declarant Information: Details of the person or entity making the declaration, including full legal name, address, and identification/registration numbers
2. Transfer Details: Specific information about the transfer including amount, currency, date, and purpose of transfer
3. Source of Funds: Declaration of the origin of the funds being transferred, including supporting evidence
4. Recipient Information: Details of the beneficiary, including full name, address, and bank account information
5. Tax Implications: Statement regarding any tax implications or liabilities related to the transfer
6. Compliance Statement: Declaration of compliance with Saudi Arabian laws and regulations regarding foreign transfers
7. Verification: Confirmation of the accuracy of the information provided and understanding of legal obligations
8. Signature Block: Space for signature, date, and official stamps if required
1. Intermediary Bank Details: Required when transfer involves correspondent or intermediary banks
2. Business Purpose: Detailed explanation required for business-related transfers exceeding certain thresholds
3. Related Party Declaration: Required when transfer involves related parties or affiliated entities
4. Government Approval: Required for transfers that need specific government authority approval
5. Foreign Investment Details: Required when transfer relates to foreign investment activities
1. Supporting Documentation List: Schedule listing all required supporting documents attached to the declaration
2. Transaction History: Schedule showing relevant previous transfers if part of a series
3. Source of Funds Evidence: Appendix containing evidence of the source of funds being transferred
4. Tax Certificates: Appendix containing relevant tax clearance certificates or documentation
5. Authority Approvals: Appendix containing copies of any required regulatory or government approvals
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing and Export
Real Estate and Construction
Professional Services
Oil and Gas
Technology and Communications
Retail and Distribution
Investment and Asset Management
Consulting Services
Relevant Teams
Finance
Legal
Compliance
Treasury
Tax
International Business
Corporate Affairs
Risk Management
Regulatory Affairs
Banking Operations
Relevant Roles
Chief Financial Officer
Finance Manager
Compliance Officer
Tax Manager
Treasury Manager
Financial Controller
Legal Counsel
Accounts Manager
Risk Manager
International Business Manager
Banking Relations Manager
Corporate Finance Director
Regulatory Affairs Specialist
Financial Reporting Manager
Find the exact document you need
Nomination Declaration Form
A mandatory declaration form under Saudi Arabian law for board and executive nominations, ensuring compliance with CMA regulations and Companies Law requirements.
find out more
Form Of Declaration
A legally binding statement document used in Saudi Arabia under Sharia law to formally declare facts, intentions, or circumstances.
find out more
Nomination And Declaration Form
A Saudi Arabian legal document for nominating individuals to organizational positions, incorporating required declarations and disclosures under Saudi law.
find out more
Payment Declaration Letter
A formal document under Saudi Arabian law declaring payment obligations or confirming payments made between parties, compliant with local banking regulations and Shariah principles.
find out more
Salary Declaration Letter
An official document under Saudi Arabian law confirming an employee's salary and employment details, used for various legal and financial purposes.
find out more
Vat Declaration Form
A mandatory VAT reporting document required by ZATCA in Saudi Arabia for declaring VAT obligations and entitlements during specified tax periods.
find out more
Sponsorship Declaration Form
A legal document used in Saudi Arabia to establish and declare a formal sponsorship relationship between a Saudi sponsor and a foreign individual, complying with Saudi immigration and labor laws.
find out more
Salary Declaration Form
An official Saudi Arabian employment document certifying an employee's salary and employment details, used for various legal and financial purposes.
find out more
Referee Declaration Form
A Saudi Arabian legal declaration form for sports referees confirming their qualifications, responsibilities, and compliance with SAFF regulations and Saudi law.
find out more
Medical Fitness Declaration Form
A Saudi Arabian-compliant medical fitness declaration form for certifying an individual's health status and fitness for employment or official purposes.
find out more
Supplier Declaration Form
A standardized form under Saudi Arabian law for suppliers to declare their legal status, compliance, and operational capabilities.
find out more
Self Declaration Form For Passport
A mandatory self-declaration document required for passport applications in Saudi Arabia, governed by Saudi passport laws and regulations.
find out more
Medical Declaration Form
A Saudi Arabia-compliant medical declaration form capturing patient health information and declarations in accordance with Kingdom's healthcare regulations.
find out more
Declaration Of Trust Form
A Shariah-compliant legal document used in Saudi Arabia to establish and document trust arrangements, detailing asset transfer, management responsibilities, and beneficiary rights.
find out more
Declaration Of Goods Form
A mandatory customs declaration document required by ZATCA in Saudi Arabia for declaring goods details in import, export, and transit operations.
find out more
Declaration Letter For Subsidiary Company
A formal declaration under Saudi Arabian law confirming the parent-subsidiary relationship between two companies, used for regulatory and business purposes.
find out more
Declaration Form For Courier
A Saudi Arabia-compliant courier declaration form for documenting shipment details and ensuring regulatory compliance in shipping operations.
find out more
Custodian Declaration Form
A regulatory declaration form required by Saudi Arabia's CMA for custody service providers, confirming compliance with local regulations and operational capabilities.
find out more
Beneficial Ownership Declaration Form
A mandatory Saudi Arabian legal document that declares and details the ultimate beneficial owners of a business entity operating in the Kingdom.
find out more
Application Form For Encumbrance Certificate
A Saudi Arabian legal document requesting official certification of property encumbrances, liens, and mortgages from REGA.
find out more
Declaration Of Relationship Letter
A formal document under Saudi Arabian law that declares and confirms the existence and nature of a business relationship between parties, complying with local commercial regulations and Sharia principles.
find out more
Declaration Of Support
A legally binding document under Saudi Arabian law that formally establishes a commitment to provide support to specified beneficiaries, in accordance with both civil and Sharia law.
find out more
Foreign Transfer Duty Declaration
A regulatory document required in Saudi Arabia for declaring international fund transfers, ensuring compliance with SAMA regulations and tax requirements.
find out more
Declaration Letter
A formal written statement declaring facts or commitments under Saudi Arabian law, serving as an official legal document with binding effect.
find out more
Sponsorship Declaration Letter
A formal declaration required under Saudi Arabian law establishing legal sponsorship (kafala) between a sponsor and sponsored individual, outlining responsibilities and commitments.
find out more
Property Declaration Form
A mandatory legal document in Saudi Arabia for declaring property ownership, details, and value, complying with Saudi property laws and regulations.
find out more
Electronic Health Declaration
A Saudi Arabia-compliant electronic form for declaring health status and medical information, meeting local healthcare and data protection requirements.
find out more
Declaration Of Finances
A comprehensive financial disclosure document compliant with Saudi Arabian regulations and Sharia law, detailing assets, liabilities, and income sources.
find out more
Declaration For Application Form
A formal legal declaration document used for official applications in Saudi Arabia, complying with local law and Sharia principles.
find out more
Self Declaration Form For Address Proof
A legal document used in Saudi Arabia where individuals or businesses formally declare their current address, complying with Saudi civil registration laws and carrying legal consequences for false declarations.
find out more
Self Attested Declaration Form
A legally binding sworn statement under Saudi Arabian law where an individual or entity declares specific facts or circumstances to be true.
find out more
Third Party Declaration Form
A Saudi Arabian legal document capturing formal declarations from third parties regarding their relationship or involvement in business matters, governed by Saudi commercial law and Sharia principles.
find out more
Education Declaration Form
A legal document used in Saudi Arabia for declaring and verifying educational qualifications, compliant with Saudi Ministry of Education regulations.
find out more
Declaration Of Ownership Form
A legal document used in Saudi Arabia to formally declare and record property ownership, complying with local laws and Shariah principles.
find out more
Self Employed Declaration Form
A legal declaration document used in Saudi Arabia to confirm an individual's self-employed status, ensuring compliance with local labor laws and regulatory requirements.
find out more
Land Declaration Form
A legal document used in Saudi Arabia for declaring land ownership details and property characteristics, compliant with Saudi real estate laws and Shariah principles.
find out more
Company Declaration Letter
A formal company statement document under Saudi Arabian law used to declare specific facts or circumstances, requiring proper authentication and compliance with local commercial regulations.
find out more
Background Declaration Form
A formal declaration document used in Saudi Arabia for comprehensive background disclosure, complying with Saudi labor laws and data protection regulations.
find out more
Loan Declaration Form
A Saudi Arabian loan declaration document that complies with SAMA regulations and Sharia law, capturing essential borrower information and loan details for financing approval.
find out more
Guardian Declaration Form
A legal document used in Saudi Arabia to establish or confirm guardianship arrangements under Islamic and civil law.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)