Opening a bank account in Oman
The Versus.Oman team will help you open corporate and personal accounts in Omani banks. Our lawyers will accompany you through the entire process of collecting documents, preparing and submitting an application for compliance control.
Contact us
Why open a bank account in Oman?
"One of the key steps to start a full-fledged company activity in Oman is opening a corporate account. Opening a corporate account here is associated with a long-term vision and enhances the company's reputation. This is especially important for companies that operate internationally or plan to expand into the Middle East region" Artur Faniev, Commercial директор
Compliance with international standards
Omani banks strictly adhere to FATF guidelines and AML regulations. This ensures that your business meets global requirements for transparency and legality.
Full-fledged operational activity
Having a corporate account in a local bank is mandatory for obtaining licenses, renting an office and hiring employees. An account in a local bank is also necessary for paying salaries to employees.
International neutrality
The Oman brand is associated with political neutrality, which is critical for working in sanctions-sensitive regions.
Smart business image
Oman introduces CBDC (digital rial) and green banking. The use of environmentally friendly financial instruments strengthens the company's ESG reputation.
"Oman is known for its hospitality and tolerance. It is easy to establish business contacts here due to the openness of the local population and the support of the government. Opening a corporate account can be a symbolic gesture demonstrating your respect for the local culture and traditions"
Egor Lvov, lawyer
Would you like us to prepare an individual offer for your task and future business?
Leave a request and you will receive:
- a list of banks that will suit your needs;
- full list of required documents;
- consultation on expenses, taxes, deadlines;
- answers to all your questions.
4 Easy Steps to Open a Bank Account in Oman
Stage 1
Collection of necessary documents
We assist in collecting the necessary corporate documents, including the Articles of Association (AoA), bilingual commercial license, and ensure that the documents are up-to-date, accurate, and translated into Arabic if necessary.
Stage 2
Submitting an application
Some banks allow you to apply online, but personal presence is required to verify the identity of the company's director or shareholder.
Stage 3
Passing the test
These are mainly anti-money laundering (AML) and bank compliance (KYC) checks: the bank checks the documents and owners of the business. Additional references, proof of income or detailed information about the sources of funds may be required.
Stage 4
Gaining access to your account and online banking
Receiving account details – IBAN, SWIFT code, online banking data. It is necessary to make sure that all digital services are activated.
Some of the banks we work with
Bank Dhofar
One of Oman's leading banks offering a full range of banking services to businesses and individuals
- Currencies: OMR, USD, EUR, AED, GBP
- Opening period: from 4 weeks
- Personal presence: mandatory
- Online Banking: Provides internet banking for corporate clients
Bank Muscat
Oman's largest commercial bank
- Currencies: OMR, USD, EUR, AED, GBP
- Opening period: from 4 weeks
- Personal presence: mandatory
- Online Banking: Provides online banking for corporate clients with the ability to conduct foreign exchange transactions, financial management and trade finance
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Why do more than 100 clients contact us every year?
Full support
From collecting documents and visiting government agencies to obtaining a resident visa for founders and employees
Exactly according to the client's task
We open a company in a suitable jurisdiction and with the required form of registration, minimizing risks
We continue to help businesses
We not only open a company, but also provide expert legal, tax and accounting support for business
Team of experts
The team consists of 150+ experts who have successfully implemented more than 1000 projects in the UAE, USA, EU, Asia, other countries and regions.
Would you like us to prepare an individual offer for your task and future business?
Contact us and we'll be in touch for more details:
- we will select a bank and draw up a list of necessary documents;
- we will describe all the stages of opening an account;
- We will clearly define the project deadlines and budget.
Our other services in UAE
Company Registration in Oman
Company Registration in Oman
Obtaining a Resident Visa in Oman
Obtaining a Resident Visa in Oman
About Versus
Versus is a leading consulting group providing legal and accounting services in key foreign markets.
Over the years of working in the UAE and other MENA countries, we have acquired a deep knowledge of local legislation, which, combined with knowledge of international standards, allows us to offer solutions tailored to the unique needs of each client.
20+
Experts in offices in Dubai and Abu Dhabi
250+
Successfully completed projects on the law of the UAE and other countries of the MENA region
