The 60-second version
Saudi brokerage exit needs sell Tadawul holdings, tax summary, depot termination letter, and SAR SWIFT to NRE before India tax residency.
Sell Tadawul holdings before SAR wire — Gulf CG may apply on non-resident exit
Al Rajhi Capital and SNB Capital provide Tadawul custody — obtain annual tax summary before depot termination.
Plan sell orders 45+ days ahead — SAR-denominated funds need settlement before gratuity wire.
Bank lane: Saudi bank guide after depot zero.
Saudi depot wind-down
| Broker | Tax doc | Step |
|---|---|---|
| Depot | CG stmt | Sell + close |
| Tadawul | Local stocks | Plan liquidity |
| Linked bank | SAR | Close after depot |
| NRE | INR/SAR | SWIFT receipt |
Closure
Sell
Liquidate Tadawul holdings.
Tax
CG if required.
Close depot
Termination letter.
Wire SAR
SWIFT to NRE.
Schedule FA
Last FY foreign asset.
Flow
Saudi brokerage kit
- Trade confirms.
- Tax summary.
- Closure letter.
- SWIFT.
- Passport copy.
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Linked custody
Close depot before linked bank — bank may block closure with open securities account.
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What to watch in real discussions
Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
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Schedule FA?
Declare depot in last FY you held foreign brokerage.
FBAR?
US person — FinCEN 114 if account aggregate > USD 10K.
Gratuity wire?
Wire brokerage proceeds before final EOS if same bank account.
Linked bank?
Close SAR account only after depot zero.
DTAA?
Model CG in India ITR with Form 67 foreign tax credit.
US person?
Form 8938 if FATCA thresholds met.
Your NRE account redesignation has a deadline.
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