Can a foreigner open a bank account in Oman?
Yes, a foreigner can open a bank account in Taiwan, but the requirements have become more stringent in recent years due to international compliance standards. To open a personal account, you typically need an Alien Resident Certificate (ARC), which proves your legal residency, and your passport. If you are a tourist or do not possess an ARC, opening a bank account is extremely challenging, as most banks require a uniform identity number (UI number) for foreigners, which is usually only available to residents. Some banks may allow foreigners on short-term visas to open a "limited" account, but these often come with severe restrictions on wire transfers and online banking. It is strongly advised to visit a large, international-facing bank branch in Taipei or another major city and bring all your identification documents, including your passport and proof of employment or study, to discuss your eligibility with a customer service representative.
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Bank Muscat is not wholly owned by the government, though public sector entities and government-affiliated sovereign funds maintain significant strategic equity stakes in the institution.