Company Registration in Oman
Oman is pursuing a development plan based on diversification, industrialization and privatization, which creates significant business opportunities. omanibest can help you set up and manage your company in Oman.
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Company website steps in Oman
Step 1: Choose your company type
To register a company in Oman, determine the type of company you want to establish, such as Limited Liability Company (LLC), Joint Stock Company (SAOG/SAOC), foreign company branch, or free zone company.
Step 2: Choose a company name
Select a suitable company name following MOCIIP regulations, available on their website. Review guidelines and check name availability for your company.
Step 3: Prepare the required documents
To register a company, you need to prepare the necessary documents, such as the Memorandum of Association for LLC and the Application for Company Registration, which can be downloaded from the MOCIIP website.
Step 4: Identify company officers and shareholders
To establish a company, you must have at least one director or representative, aged 18 or older, for LLC, SAOG/SAOC, or a foreign company branch, and shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Oman mandates a minimum capital of OMR 20,000 for LLCs, OMR 2,000,000 for SAOGs, and OMR 500,000 for SAOCs, with no minimum capital requirement for foreign or free zone companies.
Step 6: Register your company
To register a company with the Ministry of Commerce, Industry and Investment Promotion (MOCIIP), submit your documents online via the Invest Easy portal. The fees for registering a company include OMR 350 for LLCs, OMR 1,500 for SAOG/SAOC, OMR 1,500 for foreign company branches, and varies depending on the specific free zone.
Step 7: Register for taxes
Upon successful registration of your company, you must register for taxes with the Oman Tax Authority. This can be done online via the following link: https://www.taxoman.gov.om
Step 8: Obtain necessary permits and licenses
Your business may require additional permits or licenses, so consult with relevant authorities and industry regulators for specific requirements.
How long does it take to register a company in Oman?
The entire registration process, from document preparation to receiving your Certificate of Incorporation, may take around 2 to 4 weeks, depending on the complexity of your application.
Company registration in Oman
Among the most important users of company registration in Oman, we can mention the following:
- Obtaining residence and living in Oman
- 100% ownership, registered company without Omani partners
- Work and trade in one of the growing economies of the region and the possibility of easy trade between the GCC area.
- Free transfer of capital and profits
- Duty-free import of machinery and equipment
- Political stability
How much does it cost to register a company in Oman?
The company registration fee in Oman is 350 Omani Rials for private limited companies and 300 Omani Rials for limited liability companies.
The cost of opening a bank account in Oman for foreign companies is usually between 100 and 500 Rials.
The cost of obtaining a tax code in Oman for foreign companies is usually between 50 and 100 rials.
The cost of issuing a business card in Oman for foreign companies is usually between 250 and 500 Rials.
The cost of obtaining a license to operate in Oman for foreign companies is usually between 500 and 1000 Rials.
Conclusion
omani est can assist in setting up a 100% company in Oman. We can also help restructure existing companies to allow 100% foreign ownership. Our expert consultants and specialists can help facilitate the company formation process and continue to support after the merger with other corporate services such as HR services, payroll, accounting.
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