Company registration in Oman

Name of service Bronze Silver Gold Platinum Brilliant
Verification and reservation of the company's name at the Ministry of Trade, Industry and Investment Attraction Checking the availability of the company name you have chosen and booking it in the Oman Commercial and Industrial Register
Registration of a company (LLC), including government fees Preparation of all necessary documents, including payment of state fees and submission to the relevant authorities
Company registration at the Oman Chamber of Commerce and Industry Registration of your company with the Ministry of Commerce and Industry of Oman gives it legal status and recognition from the state. Your company will be officially registered and recognized in accordance with the laws of Oman. It also allows your company to access banking and financial services in Oman. This includes the ability to open a corporate account, process financial transactions, and receive financial services that may be necessary for your business
Memorandum of Association и Articles of Association Preparation of the founding agreement, which defines the procedure for the creation of the company; the authorized capital of the company; the amount and nominal value of the founders' shares, as well as the procedure for their payment.
Certificate of registration Production of an international company Registration Certificate
Investor Approval Licence Support in the selection and obtaining the necessary license to carry out business activities.
Getting the company's tax number Corporate Tax Identification Number Assistance in obtaining a tax number for your company in the Tax Administration, which is necessary for accounting and payment of value added tax in accordance with tax requirements
Company seal Production of the company's seal
Obtaining a resident's visa and OmanID Obtaining an Entry Permit, passing medical tests, taking fingerprints, obtaining an ID card in Oman
A workplace in a coworking center for 1 (one) year Provision of a workplace in a coworking center for 1 (one) year.
Support in opening a corporate account in the Bank of Oman (BankMuscat, Sohar International Bank) Collecting, processing and submitting the necessary documents to open a corporate account of the company in a local bank.
The design of Tennessee Preparation and execution of a document confirming the real residence of the owner of the company in Oman with monthly receipts (for the bank)
Support in opening a personal account in the Bank of Oman Collection, execution and submission of the required package of documents for opening a personal account, including consultation for choosing the appropriate jurisdiction
Services of a local director for 1 (one) year Provision of a local Oman resident director to sign company contracts and maintain the confidentiality of the founder's data.
Free consultation We offer a free consultation where you can discuss your needs and questions regarding the registration and management of the company. Our experts will be happy to help you understand the process and provide recommendations based on your situation. We will be happy to answer your questions and help you make an informed decision regarding the necessary services.
Total cost
5600 USD 9600 USD 13200 USD 14400 USD 20900 USD
Support in obtaining an IBCM license
800 USD 800 USD 800 USD 800 USD 800 USD
Accounting services
350 USD 350 USD 350 USD 350 USD 350 USD

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Oman is a jurisdiction with a suitable location within the Arabian Peninsula. Its economy is considered to be middle-income with a strong dependence on natural resources, oil in particular. Still, the local government encourages the development of other sectors focusing on industrialization, diversification of the economy, and privatization. Speaking about diversification, such sectors as manufacturing, transport, tourism, logistics, fisheries, and mining are emphasized. The country is also open to foreign investors to enter local markets. Particularly, foreign investments are encouraged in such sectors as infrastructure, oil and gas, real estate, and tourism. If you are among interested investors who wish to realize their projects in Muscat or any other city in Oman, these benefits may start to be available to you.

Advantages of the Jurisdiction

If you intend to incorporate a company in Oman, the following advantages may become available to you after the completion of the incorporation process:
  • strategic location of the jurisdiction
  • stable economical and political situation
  • liberalized legislation suitable for foreign direct investments
  • easy process of a company incorporation
  • lots of available free trade agreements
  • safety of owning assets and doing business
  • developed infrastructure
  • availability of exemptions in certain sectors.

Major Forms of Legal and Business Presence

If you wish to start business operation from Oman, this may be arranged by using one of the following registration forms:
  • Limited Liability Company – a body corporate that can be established by two persons at least whose liability is limited up to the amounts contributed to such an entity. The maximum number of shareholders, in this case, should be 50. If an entity has a foreign shareholder, its chartered capital should be at least OMR 150,000. This is the simplest corporate form of doing business in Oman. The management of this entity is vested after one or more shareholders of this company.
  • One-person Company - an entity that may be established by one legal or natural person. The liability of a sole shareholder is restricted to the amount of one’s share. This person is also a manager of this company at the same time.
  • Joint-stock Company – a company where a chartered capital is divided into shares that may be freely offered to the general public. Three or more natural or legal persons may establish this company in one of these forms: (i) closed joint-stock company that applies restrictions on the transfers of shares and requires chartered capital in the amount of OMR 500,000, and (ii) open joint-stock company whose shares may be freely offered and transferred to this parties while its chartered capital should be at least OMR 2,000,000. The liability of shareholders is restricted to the amounts contributed only.
  • General Partnership – a form of joint doing business by two or a higher number of partners (natural persons) who are entirely liable for the results of the business operation. Their property also may be called to cover potential losses. All partners are treated as managers of this partnership.
  • Limited Partnership – a company where can be two kinds of partners: (i) one or more general partners who are entirely liable for the outcomes of this partnership operation and manage this common business activity and (ii) one or more limited partners who are not liable in excess of their contributions made to such an enterprise; they may not be involved in the completion of managerial tasks but they are allowed to inspect books and records of this company.
  • Joint Venture – a contractual form of doing business between two or more natural or legal persons. A joint venture doesn't have any legal personality. All conditions of cooperation between business partners are defined in a contract signed by them.
  • Commercial Branch – an option suitable for non-resident companies that have contracts or are otherwise engaged in business activities with business partners in Oman. Registration is required here as in the case with companies. A non-resident mother company will remain in charge of the results that a local branch shows in full.
  • Representative Office – this option is available to non-resident companies who intend to conduct promotional or market investigating activities. Still, it is not allowed for a representative office to do commercial business.

Registration Requirements and Steps

If you wish to create a company in Oman, the process may require passing the following registration stages:
  1. Defining your commercial priorities you intend to realize through a local legal entity.
  2. Choosing and approving a business name for a future legal entity by submitting an application to the Ministry of Commerce and Industry.
  3. Collecting details about the entity's founders, beneficiaries, and officials.
  4. Arranging a registered business address for a future company.
  5. Paying up the initial amount of chartered capital in full.
  6. Drafting statutory documents and registration forms.
  7. Submitting the set of required documents to the registrar.
  8. Registration for tax and social security purposes.
  9. Applying for and getting licenses and special permits that are required for certain types of regulated activities.
Each registration case may vary depending on the background of the business case. If you need more precise consultation on the matter, contact Prifinance specialists without hesitation.

Legal and Regulatory Framework

Oman is open to foreign investments but it prioritizes the interest of local residents. Entering local markets may be problematic in some sectors in view of lots of bureaucratic formalities that have to be observed. In order to start a business in this country, it is necessary to be aware of all local customs that may vary from region to region. Principal legal acts in the area of doing business are the Foreign Capital Investment Law and the Commercial Companies Law. Major state authorities foreign investors should deal with while starting and doing their business locally are the Ministry of Commerce and Industry, the Ministry of Finance, the Public Authority for Social Insurance, and the Capital Market Authority.

Tax System of Oman

An option of company registration in Oman should be considered along with the next tax highlights that characterize this jurisdiction:
  • Corporate income tax rate – 15%
  • Personal income tax – not applicable
  • Value-added tax rate – 5%
  • Withholding tax rates – (i) dividends – 0% (ii) interests – 0% (iii) royalties – 10%
  • Capital gains tax rates – (i) corporate – gains are included in ordinary income taxed at a basic rate, only gains from the operations with securities listed on the Muscat Securities Market are exempted from this form of taxation (ii) personal – not applicable.

How Prifinance Lawyers May Help You

If your current business goal is to set up a company in Oman or your branch, Prifinance lawyers are ready to assist you and realize it practically by developing a personalized registration roadmap and supporting the next operation of a newly-formed entity. Lawyers who have successfully finished more than 11,000 projects associated with the registration of companies worldwide are ready to apply this experience so your business could enjoy the benefits offered in Oman for business effectively.

Cooperation

Our clients

PRIFINANCE COMPANY
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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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