Saudi Arabia SSIC Code 620115: Fintech Solutions

Saudi Standard Industrial Classification (SSIC 2026)
Classification Level: Activity | Official Code: 620115

Executive Summary & Classification Scope

SSIC code 620115 designates Fintech Solutions (حلول التقنية المالية) under the official Saudi Standard Industrial Classification (January 2025 / 2026 Edition, based on UN ISIC Rev. 4) administered by the General Authority for Statistics (GASTAT).

Detailed Description: Providing financial technology services (Fintech), including developing products, Applications and services related to financial technologies, in addition to system integration with other systems, software interfaces, and providing integrated solutions related to financial technologies

It serves as the mandatory regulatory benchmark for Commercial Registration (CR) with the Ministry of Commerce, MISA foreign investment licensing (allowing up to 100% foreign equity ownership), municipal permits on the Balady portal, and Nitaqat Saudization quota determinations by MHRSD.

Key Classification Facts

Parameter	Official Value
Saudi SSIC Code	`620115`
Official Title (EN)	Fintech Solutions
Official Title (AR)	حلول التقنية المالية
Classification Level	Activity
Section Category	Section J — Information and Communication
Parent Entity Code	`6201` — Computer programming activities
Supervisory Authority	Saudi Central Bank
Licensing Entity	Saudi Central Bank
Standard Custodian	General Authority for Statistics (GASTAT)
Edition / Version	SSIC 2025 / 2026 Edition

Code	Title (EN)	Title (AR)	Details
`620101`	analysis of systems	تحليل النظم	View Code 620101 →
`620102`	designing and programming special software	تصميم وبرمجة البرمجيات الخاصة	View Code 620102 →
`620104`	Design User Experience and customer Journey	تصميم واجهة وتجربة المستخدم	View Code 620104 →
`620106`	Robotics Technologies	تقنيات الروبوت	View Code 620106 →
`620107`	(Three dimensional Printing (3D Printing	تقنية الطباعة ثلاثية الأبعاد	View Code 620107 →
`620108`	Virtual Reality technologies	تقنيات الواقع الافتراضي والمعزز	View Code 620108 →
`620111`	Application Development	تطوير التطبيقات	View Code 620111 →
`620112`	Video Games Developments	تطوير الألعاب الإلكترونية	View Code 620112 →
`620113`	Artificial Intelligence Technologies	تقنيات الذكاء الاصطناعي	View Code 620113 →
`620116`	Military Software	البرمجيات العسكرية	View Code 620116 →
`620117`	GIS web services and applications	تطبيقات وخدمات ويب نظم المعلومات الجيومكانية	View Code 620117 →
`620118`	Medical, health and wellness Software or Applications	برمجيات الاجهزة الصحية والطبية	View Code 620118 →

Regulatory & Business Setup Use Cases in Saudi Arabia

Ministry of Commerce (MC): Required on your Saudi Commercial Registration (CR) to legally define the company’s business activities.
Ministry of Investment (MISA): Determines eligibility for 100% foreign-owned investment licenses and capital requirements. See our MISA Licensing Guide.
ZATCA Taxation & Zakat: Activity categorization for Corporate Income Tax (20%), Zakat (2.5%), and 15% VAT filing rules. See our ZATCA Tax Guide.
MHRSD / Qiwa (Nitaqat Quotas): Determines the required percentage of Saudi national employees. Check our Nitaqat Saudization Guide.
Balady Municipal Licensing: Establishes commercial shop, office, and warehouse zoning compliance.

Compliance & Regulatory Risk Assessment

Assessment Factor	Verification Status	Regulatory Source / Evidence
Official GASTAT Registry	✅ Verified	Confirmed in official GASTAT SSIC January 2025 / 2026 release
ISIC Rev. 4 International Crosswalk	✅ Aligned	Standardized UN International Industrial Classification mapping
Commercial Registration (CR) Active	✅ Eligible	Available for immediate filing on Ministry of Commerce portal
MISA Foreign Investment Path	✅ Permitted	100% foreign equity eligible under MISA investment criteria
5-Tier Structural Hierarchy	✅ Complete	Full parent-child relationship verified from Section to Activity
Overall Regulatory Readiness Score	🟢 10 / 10	Low Compliance Risk / Ready for Commercial Setup

Frequently Asked Questions (FAQ)

1. What does Saudi SSIC code 620115 cover?

SSIC 620115 covers Fintech Solutions (حلول التقنية المالية) under Saudi Arabia’s official industrial classification system.

2. Which authority regulates activities under SSIC 620115?

Activities under this code fall under the supervision of Saudi Central Bank.

3. Can international investors establish a business with code 620115?

Yes. In most sectors, the Ministry of Investment (MISA) permits 100% foreign equity ownership. Refer to our MISA Guide for full requirements.

4. How does SSIC 620115 affect my company’s Nitaqat rating?

MHRSD calculates your Saudization tier based on your primary SSIC activity registered on your Commercial Registration.

Official Source Attribution & Disclaimer

Primary Data Source: General Authority for Statistics (GASTAT) — National Classification for Economic Activities.

Commercial Portal: Ministry of Commerce (MC)

This page is an independent reference resource. Cross-verify critical licensing details on official government portals before filing commercial applications.