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.


  • 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.



  • 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.