Online Banking
Sole Proprietor Business Current Account

Simple Banking for Smarter Business

From payments to financing, the Sole Proprietor Business Current Account gives you the tools, flexibility, and support you need to run your business efficiently.

Sole Proprietor Business Current Account

Somalis are entrepreneurial by nature, and Golis Development Bank is committed to supporting that spirit. The Sole Proprietor Business Current Account is designed to help individuals manage their businesses efficiently, offering flexible banking services, modern payment solutions, and professional financial support.

Benefits

  • 50-leaf cheque book for smooth transactions
  • POS machine for card transaction acquiring
  • E-commerce platform availability for online businesses
  • Monthly digital bank statements automatically sent to your email
  • Convenient local and international payments through SWIFT, remittance channels, and payment gateways
  • Bill payments for utilities, business licenses, taxes, and more
  • Free standing order services – setup, amendments, and processing
  • Internet Banking for easy account management
  • Internet Banking for easy account management
  • SMS notifications for all transactions
  • Trade financing products such as Letters of Credit and Bank Guarantees
  • Salary processing for employees
  • Foreign exchange services for business transactions
  • Dedicated relationship manager for personalized support
  • Email banking for added convenience

Requirements

To open a Sole Proprietor Business Current Account, please provide the following:

  • Valid, certified copy of the business owner’s National ID, passport, or any Central Bank–approved ID
  • A copy of the Memorandum and Articles of Association of the business
  • Business permit/license issued by relevant authorities
  • Physical business address details
  • Proper declaration and documentation of the customer’s source of income, business nature, and purpose of the account
  • Two recent passport-sized photos of the business owner and signatories (if different)
  • A formal request letter from the sole owner requesting the account opening and providing clear signing mandate instructions