Company Formation in Oman

  • Why Company Formation in Oman?

    Company formation in Oman is appropriate for businesspeople looking to indulge in trade activities in one of the most dynamic nations of the Middle East. Its economy depends on oil resources, which is fast declining. As a result of this, a new development plan was created where Tourism and Gas based sectors are now a part of the diversification strategy.

    As the third largest nations in the Arabian Peninsula, it also boasts of being one of the most developed territories of the region. It has political as well as social stability and the business-friendly government of Oman focuses on economic development. Therefore, foreign capital is encouraged.

  • Procedure for Company Formation in Oman

    • Reserving a company name with Ministry of Commerce and Industry
    • Depositing the required capital in Bank
    • Registering at the Commercial Registry of the Ministry of Commerce and Industry
    • Applying for any specific licenses, depending on the nature of proposed activities
    • Registering with the Tax department of the Finance Ministry
    • Obtaining Municipality License
    • Registering with Royal Oman Police
    • Registering with the Ministry of Manpower
    • Registering for employees social insurance with the Public Authority for social insurance
    • Making the Company Seal
  • Requirements for Company Formation in Oman

    Basic Requirements for Company Formation in Oman

    • Minimum 2 Shareholders
    • Minimum 1 Director (any nationality)
    • Registered Office Address
    • Minimum Capital requirement is of OMR 150,000

    Documents Required for Company Formation in Oman

    • Identity Card / Copy of the passport of the Shareholders
    • Identity Card / Copy of the passport of all authorised signatories
    • The signature and names of the authorised signatories must be produced on an approved authorised signatory form
    • Standard company registration forms
    • Certificate of Initial capital deposit at bank
    • Company Statues
    • Chamber of Commerce and Industry affiliation certificate
  • Our Services for Setting up a Business in Oman

    • Checking for name availability and reserving the same
    • Company formation
    • Preparing the required documents
    • Services for Local Sponsor
    • Obtaining general License
  • Time Period Company Registration in Oman

    Oman company formation takes approximately 8 – 10 days.

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