The Bankruptcy Commission licenses bankruptcy officeholders and experts under its jurisdiction under paragraph (2b) of Article (9) of the Bankruptcy Law issued by Royal Decree No. (M/50) and dated 28/09/1439 A.H, According to Code of Licensing the Officeholders and Experts issued by the Commission's decision No. (12/0219) on 11/09/1440 A.H, it is prohibited to carry out the work of officeholders and experts until obtaining a license. Click here to view the Code of Licensing the Officeholders and Experts)​​

​Paragraph (1) of Article (3) under “Code of Licensing the Officeholders and Experts" issued by Bankruptcy Commission decree, No (0219/12) dated 1440/09/ 11  A.H. stipulated that in order to license an individual with a natural personality to exercise officeholder duties, the following is required: 

A- Must be Saudi.
B- Must be fully competent.
C- Must be of good conduct and has no convictions for any offense against honor or breach of trust, unless he has been exonerated.
D- Upon submission of the application, he must have a license to practice any of the following in Saudi Arabia:

1. Accounting.
2. Legal​.
3. Any other related fields, as determined by the Bankruptcy Commission

E- Must not be suspended from practicing any of the professions provided for under paragraph (1/H) of this article, whether upon the submission of the application or during the past year.
F- Must have at least five years of field experience, as well as at least one year of experience after getting the license.
G- Must meet the professional qualification required by the Bankruptcy Commission click here to view professional qualification requirements.
H- Must pay licensing fees estimated by (2000) Saudi Riyals for (3) years.

Article (3) under “Code of Licensing the Officeholders and Experts" issued by Bankruptcy Commission the ​decree, No (0219/12) dated 11/09/1440 A.H. stipulated that in order to license an individual with a natural personality to practice expert's work, the following is required: ​

A- Must be Saudi.

B- Must be fully competent.

C- Must be of good conduct and has no convictions for any offense against honor or breach of trust, unless he has been exonerated.

D- Must pay licensing fees estimated by (1000) Saudi Riyals for (3) years.

E- Upon submission of the application, he must have a valid license in Saudi Arabia to practice his profession.

F- Must not be suspended from practicing his profession, whether upon submitting the license application or during the past year thereof.

G- Must meet the professional qualification required by the Bankruptcy​​​ Commission, click here to view professionalqualification requirement.​

H- Must have at least five years of field experience, as well as one year of experience after getting the license. The approved fields are: 

1. Lawyer
2. Accountant
3. Evaluation
4. Consultant
5. Architecture