Company Registration in Oman

What are the Legal Requirements for Business Setup in Oman?

The legal requirements for business setup in Oman are as follows:

• Must have a minimum of 2 shareholders
• Must appoint at least 1 director
• Apply for name reservation based on the nature of activities
• Secure an office address in Oman
• Must have a minimum capital of OMR 20,000 (for Omani or GCC citizens)
• Net worth of OMR 150,000 is required (for foreign shareholder)
• Obtain a trade license from the Ministry of Commerce, Industry, and Investment Promotion
• Must hire Omani citizens as per the national policy
• Open a corporate bank account for your company

Who Can Start a Business in Oman?

The checklist of applicants eligible to start a business in Oman is as follows:

• The citizens of Oman
• Citizens of Gulf Cooperation Council (GCC) member states
• Foreign investors and non-GCC foreign entrepreneurs
• Wholly-owned foreign entities with 100% foreign ownership in most sectors

How to Start a Business in Oman as a Foreigner?

Have a look at the following step-by-step guide to start a business in Oman as a foreigner-

• Step 1: Choose Your Business Structure
  The applicant must choose an appropriate business structure required for company registration under the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP), Oman.
• Step 2: Reserve a Unique Business Name
  The applicant must reserve a unique and distinct business name with the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) in Oman.
• Step 3: Draft Business Incorporation Documents
  The applicant must draft business incorporation documents required for online business registration in Oman.
• Step 4: Register with OCCI
  The applicants must file an online application form for company registration on the official website of the Oman Chamber of Commerce and Industry.
• Step 5: Secure an Office Space
  The applicants are required to secure either a fully-owned or shared office space required for company registration in Oman.
• Step 6: Register for Taxes
  Foreign investors must apply for mandatory tax registration (such as a Tax Identification Number) from the relevant authorities in Oman.
• Step 7: Issue Certificate of Incorporation
  Once all steps are completed, the Ministry of Commerce, Industry, and Investment Promotion issues a certificate of incorporation required for business setup in Oman.
• Step 8: Obtain Additional Licenses
  The applicants must obtain additional licenses and mandatory approvals required for company registration in Oman.

Get Oman Corporate Formation Services with Corpbiz

• Pre-Registration Consultation: Get expert guidance on choosing the ideal business structure, ownership options, foreign investment, and tax compliance requirements for company registration in Oman.
• Registered Office Address Services: Corpbiz helps you obtain a registered office for official correspondence in Oman.
• Corporate Bank Account Assistance: Corpbiz provides support in opening corporate bank accounts with leading Omani and international banks.
• Accounting & Bookkeeping Services: Access professional accounting, bookkeeping, and VAT compliance services in Oman.
• Oman Business Visa Services: Assistance with investor, employment, and dependent visas as per Omani immigration laws.
• Notarization and Attestation Services: Support for notarization and attestation of business registration documents, contracts, and government filings.
• Corporate Secretarial Services: Ensures compliance with statutory filings, renewals, and corporate governance documentation.
• Tax Compliance Services in Oman: Get VAT filing, corporate tax registration, and tax advisory services.
• Foreign Business Setup Assistance in Oman: Corpbiz supports foreign investors with 100% ownership eligibility, documentation, and compliance under the Foreign Capital Investment Law.