Company Formation in Oman | Business Registration and Incorporation

Mainland Company Formation in Oman

Oman is the best place in GCC for Business Setup in Oman Mascot is the Business hub and allows local and international companies to invest in many activities in field business. The economy and Currency are most stable than other GCC countries now a day.
GCC Middle Eastern nations have always been a favorite Arab destination for the business industries in Oman has been standing as one of the dynamic nations beneficial for a freelancer to a multi-millionaire, every business mind can find the best profitable place in GCC Region.

There are major three considerations you should look at, before setting up a company in Oman

Company Formation in Oman is not so easy, if you are a foreigner and want to start a business in Oman, then you must need to know about sultanate Oman government rules and regulations. We are MeharBiz also known as Mehar Business Solution in GCC Countries, we work as a business setup in Oman as a biz advisor, or we can form a company on your behalf. We are happy to assist you with the best advice and guide you right steps that need to be fulfilled for setting a business smoothly.

Same like other GCC Emirates, Oman allow Business establishment Categories find below

LLC Establishment

LLC Business setup in Oman companies requires Omani nationals as a sponsor, and Local sponsor holds a minimum of 30% shares, and the rest of 70% hold by foreign companies or investors.

GCC Nationals

GCC National category means, Omani local not required for setting up business in oman and GCC national is the only owner of the company and hold the 100% shares of the company, but have some minimum capital requirements which are USD 52000 Dollar

US Citizens or US Companies can be avail 100% ownership, on investment in any sector of Oman

Oman has an agreement with the United State of America. That’s called the Free Trade Agreement. That agreement allows US citizens and companies can start their business in Oman without hiring an Omani local as a sponsor

How to Start a Business in Oman?

The Sultanate of Oman government has been taking more advanced steps to encourage new and old investors. Promote diversification and privatization, industrialization.

The First Step is to Reserve a Trade Name

First of all, need to apply ministry of commerce and industry (MCI) to reserve a unique name of your business because name approval must require by Omani law.

3rd Step Need Registration in Chamber of Commerce and Industry (OCCI) Department

After Registering with the MCI department and OCCI for compliance with the commercial rules and regulations required by Oman Government for Business setup in Oman.

5th step is to Design a Company Seal or Stamp

Company stamp is present your company existence in Oman and use this for letterhead, invoice, quotation, and many more. Company stamp in Oman showing your business entity

2nd step is to submit the company essentials

As per Company formation need to submit all necessary documentations for Business setup in Oman. This means after approval of the company name, then need to submit shareholder agreements and shareholder documents contract, and signatory form and bank certificate submit these all documents to MCI Department.

4th Step Get Respective Approvals from the Oman Government Department

Depending upon your business’s nature, size, and activities, you may need to obtain a couple of government approvals. More Details find below
• Tax registration
• Registration with the Royal Oman Police Department
• Registration with the Ministry of Manpower, to file for labor clearances and visas
• Municipality license Registration and Approval
• Import and export license, if required
• Industrial, environmental, and other permits and licenses

There are 4 free zones in Oman

Sultanate of Oman allows Local or Foreigners to set up Business in Oman Free Zones

Sohar Freezone

Sohar Port & Freezone Is Transforming The Sultanate’s Capacity For Worldwide Trade

Southern Port of Salalah

The southern port of Salalah free zone company formation in oman

Duqm Special Economic Zone

The Duqm Special Economic Zone was established by the SEZ Authority of Duqm (SEZAD), a government agency

Al-Mazunah Free Zone

Al Mazunah Free Zone was established on 24 November 1999 as the first free zone of its kind in the Sultanate

Banking System in Oman

One of the core fronts that every investor should be aware of is the banking process that every business entity or trade license activity must follow. Opening a corporate bank account helps a business investor gain multiple benefits right from keeping track of the business expenses to monitoring the financial growth, and many more we will assist with your bank account opening process.

How to Start Company Formation in Oman?

It’s important to fulfill all factors required by Government Omani when deciding on the best time for you to start a company in oman. We Offering a flexible time frame can make a world of difference, and make your entire process of business formation in oman easier. We have an authorized agent and can complete all documents and insuring trade license

How Do I Set up a Company in Oman?

A trade name must be unique & related to the business because Trade Name must require
Need to Submit Documents of Incorporation and Memorandum,
Bank Letter Require
Register with Chamber of Commerce authorities
Register the Business of Municipality
Apply for Visa after completing the trade license process
Employee Registration also require for your staff

How much does it cost to establish a company in Oman?

Different Oman entity types and their estimated Cost

Oman Sohar Free Zone company with General Trading License US$37,405
Branch of a foreign company US$33,850
Representative office US$27,450
Subsidiary LLC US$29,410

Can foreigners own business in Oman?

Foreign citizens are also able to open a company in Oman, although there is some requirements & limitations that must be considered by foreigners or business consultant hired by a foreigner, The country has also created economic free zones to incentivize international foreign investment.