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. Because 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
The business-friendly government of Oman focuses on economic development and foreign capital is encouraged
Strategically located on the Musandam Peninsula, it gains an added advantage with the Indian Ocean Trade
Today the country is a vital world transit point for crude oil
REQUIREMENT TO OPEN A COMPANY
Minimum 2 Shareholders
Minimum 1 Director (any nationality)
Registered Office Address
Minimum Capital requirement is of OMR 150,000
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
Chamber of Commerce and Industry affiliation certificate
Checking for name availability and reserving the same
Preparing the required documents
Services for Local Sponsor
Obtaining general License
Oman company formation takes approximately 8 – 10 days.