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Commercial Registration in Oman
1.
2. About Oman
Oman, being the third biggest nation in Arabian Peninsula stands
exceptional among the other nations in the Middle East. The country
has scored booming development in all areas of its economy, despite
the fact that oil still remains the most crucial wellspring of its income.
Oman wholeheartedly welcome foreign capital that can
enhance the overall development of the country. They ought to insert
local investment for utilizing its untapped resources, promote transfer
of technology, and the connection of Multinational Corporation for
opening new markets for Oman products.
OMAN
3. Starting a Business in Oman
In 2006, the Ministry has brought electronic system for governmental commercial
services to facilitate speedy registration process. Any businessman can submit
application to register their commercial business to the directorate of investors in the
Ministry or to the regional directorates
The setup process
In order to aid business formation, Oman Investment Corporation (OIC) was established
by government for company set up procedures and its registration procedures.
Commercial law of Oman emphasis that every business, even branches, and
representative offices of international companies should mandatorily register for its
commercial license.
01
02
Commercial Registration
4. Limited Liability Company (LLC)
Limited Liability Company (LLC) is a private company formed by
minimum of two and a maximum of 40 natural or legal persons, whose
liability is the nominal value of their shares in the companyâs capital
Joint stock company
A joint stock company is formed by three or more individual or entities,
whose liability is limited to the nominal value of their shares in the
companyâs capital. If a minimum of 40% of a companyâs shares are
issued for public subscription it is considered as a general joint stock
company (SAOG).
Commercial Agency
Commercial agencies are utilized as vehicles for importing products
and/or services into the Sultanate and not to establish a business
presence.
JOINT VENTURES
Joint venture agreements are private arrangements, and thus, do not
require public recording (Articles 6 and 52). An Omani partner must
hold at least 51% ownership of the joint venture project (Article 7).
Types of Businesses
5. Procedure
Application Submission
Apply for registering your commercial service in Oman to the directorate of
investorâs services next to the Ministry of Commerce and Industry in Ruwi or
any other regional directories/ lawyerâs offices.
Information Entry
Put in the correct and real informations about your company and attach if
necessary the required documents.
Approvals
Those applications that does not require any review, auditing or notifying
the required fees via sms or email are directly approved.Other application
that need approvals from the office are notified by email or sms about the
application status or fees.
Payment
The fees for registration should be paid through bank or smart card or
other credit cards.
Certificate
After the payment of fees, the certificate of registration will be issued from
the legitimate authority. Only then your company is said to have legal
registration in Oman to start its business activities.
Procedures for Commercial Registration using eportal
6. Oman Licensing
â Those foreign companies that owns contract with the government or that
provide services required in Oman are excused from obtaining license to
do business in Oman.
â If your company is an LLC set up, you may not participate in financial
guarantees, banking or any commercial aviation activities.
7. < 30,000
The income tax law in Oman seeks to tax every income of Omani entities and also the Oman source
income of branches and other permanent establishments. The rates are:
TAXATION
0% 12% 55%
For an income of
OMR
For any income
more thanOMR
For the companies
that are engaged
in petroleum
> 30,000
8. write another line here
entrepreneurial activities differ
substantially depending on the type
of organization and creativity
involved. entrepreneurship ranges
in scale from solo. entrepreneurial
activities differ substantially
depending on the type of
organization and creativity involved.
QATAR
00974 44 42 44 74
New India Business Corporation
WLL
Office No. 1, SALAJA Street, Near
Grand Mart Doha Jadeed, Doha-
Qatar
Email Id:
enquiry@newindiaattestation.com
UAE
00971 5653 21004
New India Business Corporation
LLC
302/06, OFFICES LAND
BUILDING, NEAR SANA
FASHION, KARAMA, DUBAI-UAE.
Email Id:
uae@newindiaattestation.com
OMAN
00968 22 05 52 55
New India Business Corporation
LLC
Near Lulu Hypermarket, Friday
Market Road, Wadi Kabir-Oman
Email Id:
oman@newindiaattestation.com
10. Entrepreneurial activities differ substantially depending on the type of organization and creativity involved. Entrepreneurship ranges in
scale from solo. Entrepreneurial activities differ substantially depending on the type of organization.
our company values
entrepreneurial activities differ
substantially depending
your title
entrepreneurial activities differ
substantially depending
your title
entrepreneurial activities differ
substantially depending
your title
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