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Understand the Jurisdictions Setup Requirement Before Proceed Your Oman Company Incorporation Services

Oman Company Incorporation Services Commonly known as an oil-rich country, Oman is progressing towards diversifying its economy. It’s easy to run a business here than in many other Arab states and the government is actively enabling businesses of all sizes to invest in Oman. While being a warm and hospitable country, one can expect to find smiles and willingness to ensure foreigners feel at ease once they enter Oman. If you want to commence your business here, you can expect the same warmth from your Oman company incorporation services.

Whether you are in Oman for a decent trip, their hospitality goes to great lengths to make you want to engage in Oman company incorporation services immediately. From world-class infrastructure to a strategic location to good relations with other countries, Oman will empower your business. The country’s tax incentives are attractive, too, with its corporate tax rate set at only 15%.

Many Business Structures

As a business-friendly environment, the Sultanate makes several business structures available for investors. They are sole proprietorship, general partnership, limited partnership, joint venture company, joint stock company, limited liability company, holding company, branch office and representative office.

Each business structure has its benefits. For example, a sole proprietor has lower tax rates, and tax filing is easy as there is only one owner. A general partnership is straightforward and flexible yet may require Omani citizens to partner. A branch office provides 100% foreign ownership, but it is only allowed when a foreign company enters into a contract with the Omani government or any government entity.

As an investor looking to start a business in Oman, an LLC would be the best choice to incorporate a company. An LLC is commonly chosen for ease of incorporation, limited liability and relaxed share capital requirements.

The Necessary Details

If you’ve read up here, you might think that incorporating an LLC is easy if you do it yourself. Think again; different countries may have various regulations no matter how pro-business environment they are. So, together with your Oman company incorporation services, they should advise you every step of the way.

For starters, an LLC in Oman requires a minimum of two shareholders and limits at 40. Recently, foreign investors can own 100% of their business in the majority of business activities in Oman. The minimum capital requirement is OMR150,000. It requires one shareholder and one director. There is no specific restriction on shareholder nationality and once registered, the commercial registration is valid for five years.

As an Oman company incorporation services, we would begin with reserving a company name and submitting the application to the Ministry of Commerce and Industry (MOCI). Afterwards, we advise you to prepare the necessary documents for the incorporation process. The documentations are:

  • Memorandum and Articles of Association
  • Identity card of shareholders
  • Shareholders’ Visas and Passports
  • Certificate of Initial Deposit
  • Filed company registration form.

An LLC in Oman must have a registered address in Oman. Thus, you would need to lease office space. If all documents are prepared as detailed and orderly, you could have your company up and running in about two weeks.

Oman Company Incorporation Services

If you require assistance or consultation, please feel free to get in touch with us and we will promptly reply to you within 24 hours.