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Open a Business Account in Oman

A business bank account is essential for companies operating in Oman as it enables business transactions with both local and international parties. Omani Banks offer lucrative options for business owners or entrepreneurs to open a corporate bank account for their businesses in the Sultanate.

Some features of Business account in Oman include:

  • Local & SWIFT Transfers
  • Multi Currency Accounts
  • Digital Banking Facility
  • International Credit and Debit Cards

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Corporate Bank Account in Oman

Why choose to Open Corporate Bank Account in Oman?

Oman is one location where Business Bank Account opening process is seamless. Oman has numerous reputed local banks with international standards which offer various services to assist Oman companies delas with local and international clients. In line with the international banking system, the banking ecosystem of Oman has outgrown to offer clients with the convenience banking, tailored business solutions and expert guidance based on the client requirements.

The Banks in Oman are regulated by Central Bank of Oman. In the recent years, the Central Bank of Oman has provided permission for Corporate Internet Banking (CIB) which enabled Omani companies to seamlessly handle company financial transactions directly from their computers without the need to visit bank branches. The Omani banks allow all Oman registered companies(incl Sole Proprietorship, partnership firms) to open a corporate bank account in Oman without any restrictions on foreign company ownership.

Additionally, Oman has signed Double Tax Treaty with multiple countries. It is advisable to check if the double taxation avoidance agreement (DTAA) exists between Oman and your home country to avail the ease of banking transactions and tax advantages for your business. The first step in the process to open a corporate bank account in Oman is to complete company registration in Oman. Upon successfully completing the company formation and obtaining licenses with different authorities, the business owners can proceed with business account opening. 

Documents Required to Open Business Account in Oman
Valid Passport of the shareholders
The Identity card of the shareholders
Two photographs (passport-size) of the shareholders
A Resident Card
Original trade license
Eligible Visa
Any proof of the residential address
Reference Letter from the bank of expat’s country of origin

Process to Open a Business Account in Oman

To open a corporate bank account in Oman, you must follow specific procedures and provide certain documents. Here is a general overview of the process:
 

Why Choose Gryffin Capitalist?

A business bank account in Oman enables the business owners to transact with multiple parties such as local and international suppliers, distributers and other partners. Further, opening an account in Oman helps company to deal with government related transactions like paying different fees, local taxes etc. Hence , it is must for any Oman company to have a corporate bank account.

Opening a corporate bank account in Oman requires compliance with legal and regulatory guidelines. Gryffin Capitalist understands Oman's local laws, regulations, and banking procedures. We can guide you through the process and ensure all documentation and procedures are handled correctly. Contact us for more information.

Internet banking approval

Legalise due diligence

Bank account assistance service

Global Footprint

Competitive Market Pricing

Efficient and Transparent Process

Frequently Asked Questions (FAQs)

The popular banks in Oman are Bank Muscat, Bank Dohfar, HSBC Oman, Bank Sohar, Oman Arab Bank, Bank Nizwa, Bank Sohar, National Bank of Oman, Ahli Bank

Yes, foreigners can open a corporate bank account for their companies registered in Oman with the proper paperwork.