Online Banking
Sole Proprietor Business

Sole Proprietor Business

We know that Somalis are entrepreneurial by nature, and we have decided to help our people run their businesses efficiently with the Sole Proprietor Business Current Account.

Sole Proprietor Business

We know that Somalis are entrepreneurial by nature, and we have decided to help our people run their businesses efficiently with the Sole Proprietor Business Current Account.

Benefits:

  • 50 leads checkbook
  • POS machine for card transactions’ acquiring
  • Availability of E-commerce platform
  • Automatically sent monthly digital bank statement
  • Convenient and reliable incoming & outgoing payments/remittances through Swift and other remittance channels and payment gateways.
  • Convenient bill payments (Water, Electricity, TVs, Business license, taxes, and other government payments, etc.)
  • Free standing orders set up, amendment and processing
  • Free access to our Economic updates, Business advice, workshops and forums
  • Internet Banking
  • SMS notifications of all transactions hitting your account
  • Easy, 24/7 live chat with the bank support team through our website, WhatsApp and other Social Media platforms
  • Trade financing products (LC, Bank Guarantee, etc.)
  • Salaries processing
  • Foreign exchange business
  • Assigned relationship manager
  • E-mail banking.

Requirements

  • Business owner’s/Director’s valid, certified copy of National ID, passport, or any other ID document approved by the Central Bank of Somaliland.
  • A copy of memorandum and Article of Association of the business
  • Business permit/license
  • Business Physical Address
  • Proper declaration and documentation of the customer’s source/volumes of income, nature of business and purpose of account opening
  • Two passport size recent photos of the sole owner and account signatories if they are different from the owner
  • Request letter from the business sole owner requesting to open the said account and giving clear instruction regarding the account signing mandate.

Apply online

If you do not have an existing account with Dahabshil Bank, you can apply online through our secure E-banking.

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