Company Formation in Oman
Middle East
Overview
Oman, strategically located on the Arabian Peninsula at the entrance of the Persian Gulf, boasts a diversified economy largely driven by oil and gas. It offers a unique business environment for foreign investors, regulated by specific laws and often requiring local partnership. The country is actively exploring new fields and diversifying its economy, presenting opportunities for international businesses looking to establish a presence in the region.
Our Process
Step 1: Secure Local Partner
Secure a local Omani partner or sponsor, which is a common requirement for obtaining primary licenses and conducting business activities in the country.
Step 2: Choose Legal Entity & Apply
Determine the appropriate legal entity (e.g., LLC, Branch Office) based on your business activity and submit the initial application for business registration.
Step 3: Obtain Licenses & Approvals
Obtain all necessary industry-specific licenses and municipal approvals from the relevant authorities, depending on your business type.
Step 4: Office & Bank Account Setup
Lease a physical office space and then proceed with corporate bank account opening. This process involves rigorous documentation and compliance with strict Omani banking regulations.
Key Requirements
- Omani partner/sponsor (minimum 30% for LLC, unless exempt)
- Minimum share capital (OMR 20,000 for Omani/GCC/US-owned, OMR 150,000 for other foreign investments, unless in a Free Zone)
- Registration with the Ministry of Commerce and Industry (MOCI)
- Membership in the Oman Chamber of Commerce and Industry
- Registered physical office address