How to open a bank account in Sohar International

• founded in 2007, a relatively young but dynamically developing bank;
• the bank opens savings (deposit) and current accounts;
• the bank only opens accounts for local companies registered in Oman, and personal accounts also only for residents of Oman;
• to open an account for a foreign company will require the opening of a branch in Oman;
• the minimum balance and minimum account turnover per month – OMR 200* (~ USD 520);
• to open an account requires a personal visit of the founders and the account signatory in Oman;
• main available currencies: OMR, USD, EUR, AED;
• they do NOT issue credit or debit bank cards for corporate accounts, they issue “deposit & withdrawal” cards;
• pre-approval is possible before the account opening process;
• fee for transfer to foreign bank is ~ OMR 5,25* (~ USD 14);
• Internet-banking in English;
• account opening time: about 1-2 weeks

*The rates shown are approximate as they may ultimately vary depending on the service program chosen by the client in the bank