Oman Company Registration- How to Proceed?

Oman Company RegistrationThe Sultanate of Oman boasts natural beauty, a multi-talented workforce, and one of the Gulf’s rapidly growing economies. A sustainably competitive business ecosystem, investor-friendly policies, and easy access to regional markets also make the country attractive. Throw in an unbeatable tax regime, and it’s easy to see why businesspeople flock here. Here’s what Investors and entrepreneurs need to know about Oman company registration to begin their entrepreneurial journey.

 

Type of Business Entities in Oman

Oman offers a good mix of company structures entrepreneurs can choose from to start a business here. The process can be time-consuming, and engaging company incorporation professionals with experience can streamline the undertaking. Overall, the more popular company types include the following:

  • Limited Liability Company (LLC)
  • Limited Partnership (LP), which can be General or Limited
  • Branch Office, Representative Office, or Commercial Agency

Of these, the LLC is usually the choice of investors as it facilitates complete foreign ownership. It’s also viable to set up a wholly foreign-owned company in one of Oman’s Free Zones, such as Salalah. Investors should note that:

  • Businesses with foreign shareholding have a higher share capital requirement.
  • The Negative List precludes fully foreign-owned companies from certain business activities.

Other business entities include a joint-stock or joint venture company, a holding company, or a proprietorship. The latter is known as a Single Shareholder or OPC (One-Person Company).

 

Company Registration Process in Oman

The Oman company registration process entails registration with several ministries and local authorities, which include:

  • The Ministry of Commerce and Industry (MOCI)
  • The Chamber of Commerce and Industries (OCCI)
  • The Ministry of Manpower (MOM)
  • The Royal Oman Police (ROP)
  • The Oman Tax Authority
  • The Ministry of Finance
  • The Public Authority of Social Insurance
  • Relevant municipalities

The actual process itself begins with a company name check and reservation of a viable name with MOCI. You will need to submit the company’s constitutional documents, shareholders’ details, authorised signatory form, and other relevant documents upon approval. Following registration with MOCI and OCCI, you will need to design a company seal and open a bank account. The final steps are registering with the other authorities and getting the appropriate business licences, including import/export permits.

 

Modern Enterprise Solutions for Oman Company Incorporation

Starting a business can be a stress-free and exciting process with the right professional engagement. All our company incorporation and enterprise solution packages aim to make your entrepreneurial journey a smooth one. Our award-winning services and solutions are innovative and fully customisable to suit your specific business needs. Contact us today to get to know more about our Oman company registration packages.

Oman Company Registration