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Oman Banking License

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Oman Banking Licence and Central Bank of Oman (CBO) Regulatory Framework

The Central Bank of Oman (CBO) is the supervisory authority for all banking institutions under the Banking Law of Oman (Royal Decree No. 114/2000). Oman's banking sector has expanded significantly in line with the country's Vision 2040 economic diversification programme, with both conventional and Islamic banking growing in parallel.

Oman's strategic location at the entrance to the Arabian Gulf, combined with its stable monarchical governance and growing financial infrastructure, makes it an attractive jurisdiction for regional banking operations targeting GCC and East African markets.

Minimum Capital

OMR 100 million (approximately USD 260 million) minimum paid-up capital for a commercial bank licence. Lower capital thresholds may apply for specialised or Islamic banking licences.

Management and Directors

All board members and senior executives must meet CBO fit and proper requirements covering professional qualifications, banking experience, financial integrity, and absence of adverse legal history.

Business Plan

A comprehensive business plan with financial projections, risk management framework, capital adequacy analysis, and internal controls documentation is required for CBO submission and review.

AML/CFT Compliance

Compliance with Oman's AML/CFT Law (Royal Decree No. 30/2016) and CBO AML guidelines is required. Applicants must demonstrate customer due diligence procedures, transaction monitoring systems, and a designated AML compliance officer.

Neptune Fiduciaries: Oman Banking Licence Support

Neptune Fiduciaries supports institutions seeking CBO banking authorisation in Oman, providing market entry structuring, entity incorporation, application preparation, management vetting coordination, and AML/CFT compliance framework design.

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Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

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