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EBC Tower, Diplomatic Area,Manama,Kingdom of Bahrain
24/7 Customer Support
Sun- Thur 8.00 - 17.00.
Are You Looking For A Business With 100% Ownership?
Welcome to the gateway of limitless business opportunities in the heart of the Arabian Peninsula – Oman. If you’re contemplating expanding your entrepreneurial horizons, now is the perfect time to register a company in Oman. Our tailored services at SPCWLL streamline the process of establishing your business, ensuring a swift and compliant registration experience. Discover the ease of navigating Omani business regulations and the strategic advantages this dynamic market holds for your enterprise. With our expert guidance, company registration in Oman becomes a seamless journey, unlocking a world of growth and prosperity for your business.
There are 7 Steps to Register Company in Oman.
Step 1: Determine Business Structure (SPC, LLC, Subsidiary, or Branch)
Step 2: Prepare Required Documentation (Passport copy and if there is any residency permit)
Step 3: Verify and Reserve Company Name ( need 3 proposed names)
Step 4: Obtain Necessary Permissions & Licenses
Step 5: Office Address approval from Municipality
Step 6: Draft and Notarize Company Documents
Step 7: Obtaining the Commercial Registration
Decision to register company in Oman can be a smart move for many reasons. Firstly, Oman’s location is fantastic – it’s right between the Middle East and Asia. This means easy access to lots of different markets. The roads and ports here are modern and well-connected, making it super easy for businesses to get their goods where they need to go. If you want a place that’s like a central hub for business, Oman is it!
Oman offers entrepreneurs a safe and secure environment, supported by stable governance and robust legal frameworks. The country’s commitment to security ensures a conducive atmosphere for business growth and investment. With its peaceful atmosphere and low crime rates, Oman provides a reliable foundation for entrepreneurs seeking stability and prosperity.
Choosing the right business structure is the cornerstone of a successful venture in Oman. The Sultanate offers various options, each catering to different business needs. The first step in setting up your enterprise is to meticulously evaluate and select the most suitable business structure.
1. Limited Liability Company (LLC): An LLC is a popular choice for small to medium-sized enterprises. It offers flexibility in management and ensures that individual shareholders are not personally liable for company debts. With a straightforward setup process, an LLC provides a good balance of control and risk management, making it an attractive option for many entrepreneurs entering the Omani market.
2. Single Person Company (SPC): For sole entrepreneurs looking to establish a presence in Oman, the Single Person Company (SPC) structure is tailored to meet individual ownership needs. It simplifies the setup process by allowing a single individual to own and manage the business, providing autonomy and control over decision-making.
3. Subsidiary: For international businesses seeking to operate in Oman while retaining a distinct legal identity, establishing a subsidiary is a strategic choice. This structure allows the foreign parent company to hold a majority share in the Omani entity, ensuring a level of control while complying with local regulations.
4. Branch: If your business is already established elsewhere and you want to extend its operations to Oman, forming a branch might be the most suitable option. A branch operates as an extension of the foreign parent company, sharing its legal identity. While this simplifies administrative processes, it’s essential to understand the implications of this structure on the parent company’s liability.
Once you’ve decided on the optimal business structure to register company in Oman, the next crucial step is gathering the necessary documentation. This ensures a smooth and efficient registration process, aligning with the regulatory requirements of the Sultanate. The primary documents required at this stage include a copy of your passport and, if applicable, a residency permit.
A clear and valid copy of your passport is an essential document for company formation in Oman. Your passport serves as proof of identity and is required for various official processes throughout the registration journey. Ensure that the copy is legible and includes all relevant personal details, including your photograph and passport number.
If you are a foreign national residing in Oman, a residency permit may be required. This document verifies your legal status in the country and is particularly important for those planning to actively manage and operate the business locally. Ensure that your residency permit is current and complies with the regulations set forth by Omani authorities.
Moving forward in your journey to register company in Oman, the third crucial step involves verifying and reserving your company name. The company name is not just an identity; it represents your brand and creates a lasting impression. Here’s how you can navigate this step effectively:
1. Unique and Distinctive Names: Oman’s regulatory framework requires that your company name is unique and distinctive to avoid confusion with existing entities. Before submitting your preferred names, ensure they are not already in use or reserved by another company. This uniqueness is a key factor in the verification process.
2. Provide 3 Proposed Names: As part of the registration process, you are typically required to submit three proposed names for your company. It’s wise to have alternatives in case your primary choice is unavailable. Ensure that these names align with your business activities and adhere to Omani naming conventions.
3. Name Reservation Process: Once you’ve finalized your three proposed names, these will undergo verification by the relevant authorities. This process aims to confirm the availability and compliance of the names with the regulations. The approved name will then be reserved for your company, securing its exclusivity during the registration process.
Key Considerations:
Relevance to Business Activities: Choose names that reflect the nature and scope of your business activities. This helps in creating a clear association with your industry.
Cultural Sensitivity: Be mindful of cultural sensitivities and naming conventions in Oman when proposing names for your business.
Quick Response: The verification process typically takes a few working days. Promptly responding to any feedback or suggested modifications can expedite the approval of your chosen name.
Continuing on the path to register company in Oman, the fourth crucial step involves acquiring the essential permissions and licenses. Ensuring compliance with regulatory requirements is vital for the seamless operation of your enterprise. Here’s how to navigate this pivotal phase without overlooking any key aspects:
1. Regulatory Compliance Assessment: Initiate your business journey by conducting a comprehensive assessment of regulatory compliance specific to your industry and business structure in Oman. The regulatory landscape varies, and our expert team at SPCWLL is dedicated to tailoring this assessment to your unique business requirements.
2. Governmental Approvals: Certain business activities may necessitate approvals from governmental bodies or ministries in Oman, including the Oman Police for security-related clearances. This could also include environmental permits, health and safety clearances, or industry-specific certifications. Understanding and fulfilling these requirements are crucial steps in obtaining the necessary clearances for your business operations.
As you progress to register company in Oman, the fifth crucial step involves obtaining approval for your office address from the municipality. This step is essential to ensure that your business has a recognized and compliant physical location. Here’s how to navigate this phase effectively:
1. Selection of Office Address: Choose a suitable office location that aligns with your business needs and complies with municipal regulations. Ensure that the chosen address is zoned for commercial activities and adheres to any specific requirements set by the municipality.
2. Documentation Submission: Prepare and submit the necessary documentation to the municipality for approval of your office address. This typically includes proof of property ownership or a tenancy agreement, a No Objection Certificate (NOC) from the property owner, and other relevant documents. Our team at SPCWLL assists you in compiling the required paperwork accurately.
3. Municipality Approval Process: The municipality will review your application and documentation to verify compliance with zoning regulations and other municipal requirements. This process ensures that your chosen office address aligns with the designated land use and meets all necessary standards.
4. No Objection Certificate (NOC): Upon successful review, the municipality issues a No Objection Certificate (NOC) confirming the approval of your office address. This certificate is a crucial document during the subsequent stages of the company registration in Oman process.
Key Considerations:
Compliance with Zoning Regulations: Ensure that your chosen office address complies with the zoning regulations set by the municipality to avoid any complications in the approval process.
Accurate Documentation: Submit accurate and complete documentation to expedite the approval process. This includes a clear and detailed tenancy agreement or proof of property ownership.
Timely Submission: Initiate the office address approval process in a timely manner to prevent delays in the overall business registration process.
As you move forward in the process to register company in Oman, the sixth critical step involves drafting and notarizing the necessary company documents. This step lays the foundation for the legal framework of your business entity. Here’s a detailed overview to guide you through this essential phase:
1. Document Preparation: Collaborate with legal professionals or business consultants to meticulously draft the required company documents. These documents typically include the Memorandum of Association (MOA) and Articles of Association (AOA). Clearly outline the company’s objectives, structure, and governing principles in these foundational documents.
2. Legal Compliance: Ensure that the drafted documents align with Omani laws and regulations governing the establishment and operation of businesses. Clarity and accuracy in the documentation are crucial for a smooth and legally sound registration process.
3. Notarization Process: After drafting the company documents, they must be notarized by a recognized notary public in Oman. Notarization involves the authentication of the documents’ validity and legality. The notary public affixes their seal and signature, providing an official stamp of approval.
4. Submission to Relevant Authorities: Once notarized, the company documents are submitted to the relevant authorities, such as the Ministry of Commerce, for further verification and approval. This marks a pivotal step in the official registration process.
5. Document Authentication: In some cases, company documents may require authentication by the Ministry of Foreign Affairs in Oman. This is especially relevant for foreign investors. Authentication ensures that the documents are recognized and accepted internationally.
1. Obtaining the Taxation Certificate: Secure the Taxation Certificate from the Oman Tax Authority to formalize your business’s tax obligations. This certificate is essential for compliance with Omani tax regulations. Engage with financial experts or tax consultants who can guide you through the taxation framework and assist in fulfilling your tax responsibilities accurately.
2. Obtaining the Chamber of Commerce Certificate: Acquire the Chamber of Commerce Certificate to gain official recognition as a member of the local business community. The Chamber of Commerce plays a vital role in connecting businesses, fostering collaboration, and representing commercial interests. This certificate not only enhances your business’s credibility but also opens avenues for networking and growth opportunities.
3. Obtaining the Investment License: For businesses with foreign investment, obtaining an Investment License is crucial. This license, issued by the Ministry of Commerce and Industry, further legitimizes your presence as a foreign investor in Oman. It signifies compliance with investment regulations and strengthens your position in the market. Work closely with legal advisors to navigate the intricacies of obtaining and renewing the Investment License.
Yes, some sectors like Trading allow 100% foreign ownership.
The commonly used business structures in Oman include Limited Liability Company (LLC), Single Person Company (SPC), subsidiary, and branch. Each structure has its own benefits and considerations, depending on the nature of your business.
It only takes 10-15 days to register company in Oman.
Essential documents include a copy of the passport, residency permit (if applicable), proposed company names, and drafted and notarized Memorandum of Association (MOA) and Articles of Association (AOA). Additional documents may be required based on the business structure.
Yes, opening a business bank account is a crucial step in the company formation process. Banks may have specific requirements, and having all necessary documents is essential for a smooth account opening process.
To start an offshore business in Oman, engage a registered agent, choose a suitable business structure, prepare necessary documents, and secure approvals from the Ministry of Commerce.
Yes, foreign can now own a business in Saudi Arabia by 100% ownership in some sectors.
Yes, it is possible to drive from Bahrain to Saudi Arabia via the King Fahd Causeway, a bridge connecting the two countries.
To register for VAT in Saudi Arabia, businesses should submit an online application through the General Authority of Zakat and Tax (GAZT) portal, providing the necessary documentation and information as per the regulatory requirements.
A business visa for Saudi Arabia is a type of visa issued to foreign nationals intending to visit the country for business-related activities such as meetings, conferences, or negotiations, and it requires sponsorship from a Saudi employer or host company.
Our Office in Oman
Office No. 505 Building No. 1532 Road No. 3519 Block No 235 Alkhuwair Muscat, Oman
