Company formation in Oman – SK Patodia

ADVANTAGES OF 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. 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

BASIC REQUIREMENTS

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

DOCUMENTS REQUIRED

  • 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

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

TIME PERIOD

Oman company formation takes approximately 8 – 10 days.
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