Oman Company Formation
Oman is additionally referred to as the official sultanate of Oman. The geography of Oman provides itself with an advantage. It’s present within the Arabic Peninsular, sharing borders with UAE, Saudi Arabia, and Yemen. Economic progress and diversification are one of the factors showcasing this country’s rapid development. For registration in Oman, one can perform the incorporation process without having to be present physically. Such a process is often administered within a limited period. For this, an agent would be appointed for establishing a corporation in Oman.
Unlike in other Gulf countries, the government has liberalized foreign investment in Oman. In most sectors, 100% foreign investment is allowed. There’s no requirement to appoint a nominee shareholder or a resident of Oman to be involved in the company’s shareholder committee.
There’s no minimum share capital requirement to start a company in Oman. The economy and space of Oman are well suited to different business structures. Sole Proprietorship, joint-stock company, LLC, joint ventures, and holding companies are a few of the structures that can benefit a lot from Oman’s market. As again the benefits of opening a company or a business in Oman come with its own set of advantages. These are a strategic business location, an abundance of natural resources, a fast developing economy, government support, and no personal tax.
To register your business in Oman follow these steps meticulously:
- Decide on a brand name
- Submit Documents of Incorporation
- Memorandum and Articles of Association
- Shareholders’ Visas and Passports
- Tax Registration Certificate
- Identity Card of Shareholders
- Certificate of Initial Deposit
- Filed Company Registration Form
- Chamber of Commerce and Industry Affiliation Certificate
- Open a Capital Account
- Register with Chamber of Commerce
- Register the Business