Setting up a company in Oman

The Sultanate of Oman is a fascinating country located in the southeastern corner of the Four Seasons Trade Peninsula. Bordered by the United Arab Emirates, Saudi Arabia, and Yemen, Oman offers opportunities for business setup in a variety of industries. The process of company setup in Oman is relatively straightforward and can be completed in a hassle free manner with the assistance of professional consultants.

"For companies looking to spread their wings into the Middle East, there is no better destination than the Sultanate of Oman"

The economy of Oman is heavily reliant on oil and gas exports, but there are also significant opportunities for businesses in the tourism, agriculture, and manufacturing sectors. The government of Oman has been working to diversify the economy and attract foreign investment, with a particular focus on developing the resources for setting up a company in Oman.

Contact Us
Four Seasons Trade

Different Types of Companies in Oman

Oman is home to a variety of different types of companies, from small businesses to large multinational corporations. The government is supportive of businesses and offers a variety of incentives for company registration in Oman. Let us take a look at the various types of businesses that can be established in Oman.

1. Limited Liability Company

  • The liability of each shareholder in a limited liability company (LLC) is only to the extent of his/her share of the capital.
  • A minimum of 2 shareholders are required to start an LLC company in Oman.
  • One of the 2 shareholders, at least one must be a national of Oman, GCC state or the USA, holding 30% of the company’s shares.
  • One director is necessary
  • The minimum capital required is OR 150,000 (approximately 390,000)

2. Public Joint Stock Company

  • The shares of a Private Joint Stock Company are unavailable for trading publicly.
  • A minimum of 3 shareholders, among whom at least one must be a national of Oman holding 30% of the company shares.
  • Minimum share capital required is OR 50,000 (i.e., about 130,000 USD). 

3. Private Joint Stock Company

  • Create a business in Oman that has no minimum investment barrier requirements and at least 50 Omani nationals as employees.
  • Anybody with a public or closed joint stock, another business, or shares of that business having a market worth of at least RO500,000.
  • Buy a home with a minimum worth of OMR 500,000, or multiple completely built homes.
  • Invest a minimum of OMR 500,000 in an Omani-based limited liability company, closed joint stock company, or Omani government bonds.

4. Branch Office

  • A foreign business wishing to build a location in the Sultanate may establish a branch office there. Additionally, the branch must have Ministry of Commerce and Industry (MOCI) permission.

5. Representative Office

  • A representative office might be established primarily for marketing. Commercial or business-related activities are not permitted. It is necessary for a representative office in Oman to have at least one nominated local.

What We Need

Documents Required for Company setup in Oman
Initial Deposit Certificate

1

Pre-Check

1. Filled Company Registration Form
2. Memorandum and Articles of Association
3. Certificate of Tax Residency

2

Self Document

1. Passports and visas of shareholders
2. Certificate of membership in the Chamber of Commerce and Industry
3. Shareholders identity cards
4. Initial Deposit Certificate 

Frequently Asked Questions (FAQs)

Foreign-owned companies can do business in Oman by establishing a branch office or a representative office. A branch office operates under the name of the parent company and can engage in commercial activities, while a representative office is limited to conducting market research and promoting the parent company's products and services.

The most common business structures in Oman are limited liability company (LLC), joint stock company (JSC), branch offices, and representative offices. The type of business structure chosen depends on factors such as the nature of the business, and the amount of capital involved. 

The below mentioned are the current three free zones in Oman.
Al Mazunah Free Zone
Sohar Free Zone, and
Salalah Free Zone

The steps involved in setting up a business in Oman include:
I. Selecting the appropriate business structure,
II. Registering the company with the Ministry of Commerce and Industry,
III. Obtaining necessary licenses and permits,
IV. Opening a corporate bank account, and
V. Registering for taxes

With the aid of experienced consultants, company setup in Oman may be completed in a matter of days if all necessary paperwork and conditions are met. 

A minimum of 2 shareholders, 1 director, and OMR 150,000 in share capital are needed to form an LLC in Oman. 

Steps to Start Trading

Start a company or get your tour plan.

1

Contact Us

Before you start with us, we need to your exact requirement about your company and needs.
2

Buy Trading Plan

Once we finalised with your requirement’s and meet all your needs, we start trading or your tour plan.
3

Start Company

Once everything is on the track you will get your complete services including VISA/Company papers etc.

© Copyright 2024 4seasons Trade. All Rights Reserved.