Corporate Bank Account in Oman — Included with Every Package
Open your business bank account at Sohar Bank, Dhofar Bank, or National Bank of Oman. OMR currency. Ready in 3–7 days after company registration.
Get StartedA corporate bank account is essential for any company operating in Oman. You need it to receive payments, pay suppliers, process salaries, and handle government fees. Every company formation package we offer includes bank account opening at no extra charge.
Opening a bank account as a foreign-owned company can be challenging without local guidance. Banks have AML (anti-money laundering) compliance requirements, KYC (know your customer) procedures, and documentation standards that must be met precisely. We manage the entire process with the bank on your behalf.
Our Banking Partners
Sohar Bank
Sohar International Bank is one of Oman's leading commercial banks. It offers comprehensive corporate banking services including current accounts, trade finance, and online banking. Sohar Bank is well-suited for trading companies and businesses with international transactions.
Dhofar Bank
Bank Dhofar provides full corporate banking services across Oman. It offers competitive rates for business loans, trade finance, and foreign exchange. Popular with businesses operating in southern Oman (Salalah, Duqm).
National Bank of Oman
National Bank of Oman (NBO) is the oldest commercial bank in Oman. It provides comprehensive corporate services including payroll management, LC (letter of credit) facilities, and cash management solutions.
We recommend the best bank based on your business activity, transaction volume, and whether you need international wire transfer capabilities.
Documents Required to Open a Corporate Bank Account
Commercial Registration (CR) certificate from MoCIIP. Investment License. Memorandum of Association (MOA). Tax Certificate. Chamber of Commerce Membership. Passport copies of all shareholders and directors. Board resolution authorizing account opening (we prepare this for you). Proof of business address in Oman.
We compile all documents and submit them to the bank. You do not need to visit the bank in person for initial submission — in many cases, the account can be opened with our team presenting documents on your behalf.
Account Opening Process
Company Registration Completes
Once your company is registered and all licenses are issued, we prepare the bank account documentation.
Document Submission to Bank
We submit the complete package to your chosen bank. The bank's compliance team reviews documents for KYC and AML requirements.
Account Activation
Upon approval, your OMR corporate account is activated. You receive online banking credentials and can begin transacting immediately. Timeline: 3–7 working days from submission.
What Your Corporate Account Includes
OMR current account. For day-to-day business transactions in Omani Rials.
Online banking. Full digital access to manage transfers, payments, and account statements.
Cheque book. Issued upon request for payments that require cheques.
International transfers. Send and receive international wire transfers in multiple currencies.
Debit card. Corporate debit card for the authorised signatories.
Common Challenges (and How We Solve Them)
AML Compliance Rejection
Banks in Oman follow strict anti-money laundering rules. Foreign-owned companies sometimes face account rejections due to incomplete documentation or unclear business purpose. We prepare "bank-ready" documentation that addresses compliance requirements upfront. This is our core expertise — ensuring your company passes AML checks on the first attempt.
KYC Requirements for Foreign Nationals
Banks require thorough identification of all shareholders. For nationals from Iran, we ensure additional documentation (translated where needed) meets Omani banking standards. European and Indian shareholders typically have straightforward KYC processes.
Physical Presence Requirements
Some banks may require at least one signatory to visit the branch for identity verification. We coordinate this visit when needed and accompany you to the bank to ensure smooth processing.
Bank Account FAQs
Yes. Any foreign-owned company registered in Oman can open a corporate bank account. We include this in every formation package.
Sohar Bank, Dhofar Bank, and National Bank of Oman. We recommend the best option based on your business needs.
3–7 working days after company registration is complete and documents are submitted to the bank.
In many cases, our team can handle the initial submission. Some banks may require one signatory to visit the branch for identity verification.
Yes. Iranian nationals who own companies in Oman can open corporate bank accounts. Additional documentation may be required for compliance purposes. We handle this process regularly.
Yes. Every package — from Basic (OMR 500) to Private Cabin (OMR 3,500) — includes a corporate bank account opening.