Opening a bank account in Oman

Why is it beneficial to open a bank account in Oman?

​

Compliance with international standards

​

Oman’s banking system strictly follows FATF norms and AML requirements. This ensures your business meets global transparency standards and strengthens trust from banks and partners.

A key element of operational activity

​

A corporate account in an Omani bank is mandatory for obtaining licenses, renting an office, settling with contractors, and officially employing staff. It is also required for payroll in line with local regulations.

Political neutrality

​

Oman traditionally maintains neutrality in foreign policy, making it an attractive jurisdiction for companies operating in sanction-sensitive sectors and regions.

A modern business image

​

Oman is actively developing digital finance and sustainable banking initiatives – from the launch of a Central Bank Digital Currency (CBDC) to promoting ESG practices. Leveraging these tools strengthens your company’s reputation as an innovative and responsible business.

​

“Oman is known for its hospitality and tolerance. It is easy to establish business connections here thanks to the openness of the local community and strong government support. Opening a corporate account can also serve as a symbolic gesture of respect for local culture and traditions.” Egor Lvov Associate

​

​

​

The process of opening a bank account in Oman

​

1. Bank selection Based on your needs, we prepare a list of banks genuinely ready to open an account for your company or personally for you. We explain the differences in requirements, fees, and timelines.
2. Document preparation We help you collect corporate documents, including the company’s Articles of Association and commercial license in bilingual format. We ensure all documents are accurate, up to date, and translated into Arabic if necessary.
3. Application submission Some banks allow online applications, but personal presence is required for identity verification of the company’s director or shareholder.
4. Compliance procedures The bank conducts a thorough KYC/AML check. We manage communication, respond to inquiries, provide clarifications, and protect your interests to ensure the process goes smoothly.
5. Account activation & online banking Once compliance is completed, the bank issues account details and activates access. We ensure that all digital banking services are fully enabled.

​

​

Some banks we work with in Oman

​

Bank Dhofar

​

• One of the leading banks in Oman offering a full range of services for companies and individuals
• Currencies: OMR, USD, EUR, AED, GBP
• Timeline: from 4 weeks
• Personal presence: required
• Online banking: corporate internet banking available

​

Bank Muscat

​

• The largest commercial bank in Oman
• Currencies: OMR, USD, EUR, AED, GBP
• Timeline: from 4 weeks
• Personal presence: required
• Online banking: advanced internet banking with currency operations, financial management, and trade finance services

Advantages of opening an account with Futura Law

​

1. Direct access to Omani banks We know the exact requirements of each bank and only recommend those where you have a real chance of success. This avoids rejections and wasted time.
2. Risk reduction during compliance We analyze your case in advance, prepare documents and justifications, and minimize red flags to increase approval probability.
3. Full support throughout the process From the first consultation and preparation for interviews to negotiations with the bank and account activation — we guide you at every step.
4. Experienced Middle East team With a strong regional presence and a network of external advisors in Oman, we provide effective support in English, Russian, and Arabic — with precision and no communication barriers.