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Offices| Aspect | Details |
|---|---|
| Fees for Company Formation in Oman | The fees for company incorporation in Oman start from USD 599 |
| Timeline for Company Registration in Oman | The tax-free business setup in Oman usually takes around 2 to 5 weeks. |
| Benefits of Online Business Registration in Oman |
Benefits of online business registration in Oman include:
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| Type of Business Structures for Company Registration in Oman |
Types of business structures for company formation in Oman include:
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| Documents Required for Company Registration in Oman |
Documents required for company formation in Oman include:
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| Top Businesses for Foreign Entrepreneurs for Company Formation in Oman |
Some of the top businesses for foreign entrepreneurs applying for company registration in Oman are:
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| Procedure for Company Registration in Oman |
The procedure for company registration in Oman includes the following steps:
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| How We Can Help You with Online Business Registration in Oman? |
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Be a part of Asia’s most dynamic and entrepreneurial-friendly economies, offering endless growth prospects with Business Setup in Oman.
The hassle-free company registration in the official sultanate of Oman allows you to focus your time and resources on another essential aspect of your business. Global entrepreneurs investing in the 3rd largest nation of the Arabian Peninsula experience stress-free company registration in Oman with Enterslice.
Oman, a gateway to the GCC, is an ideal destination for entrepreneurs, offering a pro-business environment and abundant opportunities to foreign investors. The company registration in Oman, which is projected to grow to $111.5 billion by 2025, is exclusively overseen by the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP).
However, entrepreneurs looking to expand their businesses internationally should consider Oman, which encourages investors from multiple industries. Let our experts at Enterslice assist you with company registration in Oman.
Tax Exemption up to 30 Years
Access to GCC Markets
No Duties on Import and Re-export
100% Foreign Ownership for Foreigners
Stable & Supportive Political Climate
Special & Free Economic Zones
100% Repatriation of Profit
Investor-friendly Legislative Environment
The entrepreneurs setting up a business in Oman must choose from legally recognized business entities aligning with their long-term goals and needs. However, the different types of business structures best suited for entrepreneurs seeking online business registration in Oman are as stated below:
SA limited liability company (LLC) is a common legal entity that limits the liabilities of its shareholders up to the amount invested in the business. This form of business is generally adopted by large businesses that freely transfer their shares.
A joint stock company is a form of structure for online business registration in Oman that allows you to raise capital by jointly sharing ownership with shareholders. Regardless of foreign participation, every joint stock company must seek approval from MoCIIP.
A branch office is a mere expansion of the multinational foreign parent companies having a contract with the government or one of its agencies. Such offices are eligible to carry out profit-making activities in Oman.
A representative office is a mere extension of the foreign parent company, which is not permitted to conduct direct sales within Oman. Only activities that promote the foreign parent company and marketing can be carried out by the representative office.
Oman Free Zone company is a foreign business structure incorporated in the Omani Free Zone. The business structure that does not require a minimum investment is allowed to be transacted only in the specified area.
A limited partnership is a form of business structure that requires at least 1 registered general and 1 limited partner jointly and severally liable up to the extent of capital contributions made thereunder.
A joint venture is an internal agreement between two or more parties whereby one party performs business in his/her personal name. On the contrary, the profits and losses are shared among both the parties. It is a business structure for company registration in Oman.
The step-by-step guide for company incorporation in Oman is relatively simple and straightforward, especially for foreign investors. The process to register a business with the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) of Oman is as outlined below:
The applicants must initially choose a correct business structure for registering a company under the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) of Oman.
The applicants must further reserve a unique and distinct business name, reflecting the goals and objectives of the business. The name reserved with the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) must be in Arabic and hold a legal meaning.
The next step requires the applicant to make submission of the fundamental company registration documents like MoA, AoA, and affiliation with the Chamber of Commerce with the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP).
The applicants establishing a strong business network must file an online application for company registration on the official website of the Oman Chamber of Commerce and Industry (OCCI).
Upon successful filing of the online application, the entrepreneurs receive a certificate of incorporation necessary for carrying out the business activities in Oman.
The timeline for company formation in Oman takes around 2 to 5 weeks, varying depending upon additional approvals and banking requirements. The generalized timeline for business setup in Oman is as discussed below:
It takes around 1 to 2 business days to decide the appropriate legal structure required for setting up a business in Oman.
It takes around 2 business days to successfully obtain a name reservation from the Ministry of Commerce, Industry and Investment Promotion (MoCIIP).
The timeline to prepare necessary documents, including shareholder’s details, AoA, MoA, and address proof, takes around 3 to 6 business days.
Obtaining a company incorporation certificate for official business setup takes around 1 to 2 weeks.
It takes around 1 to 3 weeks to open a designated bank account with a local bank in Oman.
The timeline to obtain other necessary licenses and company seals varies depending on the type of business activity and the regulatory requirements in Oman.
Have a look at the key documents required for company registration in Oman-
Passport of Shareholders and Directors
Visas of Shareholders and Directors
Intended Business Activity
Utility Bill
Memorandum of Association
Articles of Association
Tax Registration Certificate
Chamber of Commerce and Industry Affiliation Certificate
Certificate of Initial Deposit
Filed Company Registration Form
Yes, Oman offers a business-friendly environment for foreign investors, allowing them to either wholly or partially register a company in Oman. The foreign business registered with the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) holds distinctive features, varying depending on the business sector and the level of ownership desired.
The foreign entrepreneurs setting up their businesses in Oman also enjoy flexible requirements of not having a local director or shareholder for incorporation. With a focus on growth and minimal compliance hurdles, Oman is considered a prime destination for foreign investors.
100% Foreign Ownership
Investor-Friendly Regulation
99% Success Rate
120+ Local Consultants in Oman
The key benefits of company registration in Oman, which enables the growth and success of the business, are discussed below: It is a strategically located business centre that allows foreign investors to expand or set the grounds for new companies. The following are some of the key benefits of company registration in Oman, as explained below:
Unlike Gulf countries, the government of Oman holds a liberalized foreign direct investment policy that allows 100% FDI in almost all major sectors.
Oman has successfully entered into many free trade agreements with other countries, which is considered highly beneficial for foreign investors.
The business-friendly environment, which has more than 35 Double Taxation Agreements, is beneficial for entrepreneurs applying for company registration in Oman.
Oman’s strategic location at the crossroads of Asia and Europe makes it an ideal hub for businesses looking for unparalleled access to a vast customer base.
Oman, which offers attractive investment incentives, is beneficial for foreign investors seeking company registration in Oman.
The world-class infrastructure and internationally-ranked ports, roads, airports, networks, etc., efficiently strengthen the business landscape of Oman.
Below mentioned are some of the legal requirements to start a business in Oman-
The top 10 industries best suited for business setup in Oman are as discussed below:
Top 10 Industries for Company Formation in Oman
Top 10 Businesses for Online Business Registration in Oman
The post-setup compliances for company formation in Oman are as discussed below:
Enterslice brings 10+ years of experience and deep expertise in business setup across various global markets, including Oman. Let Enterslice simplify services for company registration in Oman. The following are reasons why Enterslice should be your first choice for company registration in Oman:
The cost to register a company in Oman starts from USD 599.
Yes, foreign entrepreneurs and non-GCC nationals are free to obtain a company registration certificate from the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP).
The minimum capital requirements required for company registration in Oman vary depending upon the type of business structure opted by the applicant. However, the following are the capital structure required for starting a business setup in Oman:
Yes, Indians are free to establish their own company as a foreign national after company registration in Oman.
LThe corporate tax rate for businesses, including branches, permanent establishments of foreign companies, and small and medium enterprises, is around 15%.
An LLC, which stands for limited liability company, is a legal business structure that limits the liabilities of its shareholders up to the amount invested in the business. This form of business is generally adopted by large businesses that freely transfer their shares.
Grade 3 companies in Oman are business structures incorporated with a minimum share capital of OMR 25,000 to 49,000.
The main regulatory authority responsible for company registration in Oman is the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP).
The legal system followed in Oman is primarily based on the Islamic Sharia law, meaning the source of law is legal precedents and legislations derived from common law. However, the commercial laws in Oman are quite flexible. All forms of business disputes are settled in the commercial courts of Oman.
The main law that regulates foreign investment in Oman is the Foreign Capital and Investment Law (FCIL), issued by Royal Decree No. 50/2019 in 2019.
The profitable business structures best suited for doing business in the open market of Oman are:
The liability of shareholders in an LLC is limited up to the extent of capital contributed by them.
The main laws that regulate employment and relationships formed from Employment is the Employment Law promulgated by Sultani Decree No 35/2003.
The foreign entrepreneurs seeking to register their business in Oman must comply with the following process as provided below:
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