EUR IBAN for businesses in the Gulf
Companies in all 6 Gulf states can apply for a named Lithuanian EUR IBAN. None of them is in the SEPA area, so the IBAN is what lets European customers pay you by SEPA and lets you pay European suppliers the same way. What happens when money goes home differs by country: the UAE dirham, Qatari riyal, Kuwaiti dinar, Bahraini dinar and Omani rial can be held and paid out by SWIFT, while Saudi Arabia is paid in US dollars or euros.
اقرأ هذه الصفحة بالعربية6 eligible markets
| Country | Currency | Paying out locally | In SEPA |
|---|---|---|---|
| Bahrain | BHD | Hold and pay out | No |
| Kuwait | KWD | Hold and pay out | No |
| Oman | OMR | Hold and pay out | No |
| Qatar | QAR | Hold and pay out | No |
| Saudi Arabia | SAR | USD or EUR | No |
| United Arab Emirates | AED | Hold and pay out | No |
“Hold and pay out”: the currency can be held and paid by SWIFT. “Pay out only”: bought when you pay and sent by SWIFT. “USD or EUR”: we do not pay out in the local currency, so payments go in US dollars or euros by SWIFT. Countries on our sanctions list cannot apply and are not listed. Sanctions policy
Other regions
A EUR IBAN in your company’s name
Join the waiting list. When onboarding opens, you apply once, and the IBAN typically follows within 48 hours of approval.