How to open a bank account in Dhofar Bank

• founded in 1990, the most rapidly developing bank in the region;
• the bank opens savings (deposit) and settlement accounts;
• the bank opens accounts for companies both registered in Oman and the GCC (Gulf Cooperation Council), and personal accounts also only for residents of Oman;
• to open an account for a foreign company will require the opening of a branch office in Oman, and for a company from the GCC – a package of legalized documents;
• the minimum balance and minimum monthly account turnover is OMR 200* (~ USD 520);
• for account opening personal visit of founders and account signatory in Oman is required;
• main available currencies: OMR, USD, EUR, GBP, but first you need to open account in local currency;
• credit and debit bank cards can be issued and cheque books can be issued;
• pre-approval is possible before the account opening process;
• transfer fee to foreign bank is ~ OMR 5* (~ USD 13);
• Internet-banking in English;
• account opening time: about 1-2 weeks

*Rates are approximate as they may eventually vary depending on the service program chosen by the client in the bank