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Oman raises fees for financial firms
- Oman: Wednesday, January 09 - 2013 at 03:24
Oman's central bank has revised from January 1, 2013, the fee structure for application and annual licensing of all banks, financial and leasing companies and money-exchange houses operating in the sultanate, Muscat Daily has reported. The decision was taken after studying the fee structure at its meeting recently and also considering the time span since the last revision, the apex lender said. As per the new structure, the fee for an application to conduct a banking business in Oman has been raised from the current OR5,000 to OR6,000, while the annual licence fee for head offices of local banks and principal offices of foreign banks has been hiked to OR6,000 from OR5,000. The annual licensing fee for bank branches has been raised from OR500 to OR600. Similarly, the fee for an application to start a finance or leasing company has gone up to OR3,000 from the existing OR2,500, while the annual licensing fee has also been revised to OR3,000 for leasing companies' head offices and to OR300 for branch offices, respectively. The application fee for money exchange companies has been increased to OR600.
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