Oman Mainland Company Formation Service
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Oman Company Formation Consultant
Oman mainland company formation : Oman offers wonderful location for overall development of Middle East nations as it borders the countries of Yemen, the UAE and Saudi Arabia. The Sultanate is considered to be a popular tourist spot, since it holds several scenic beauties, thereby attracting visitors of all types from every part of the world. Besides boosting of the tourism industry, the country has managed to expand its reach and uplifted to offer investors opportunities in multiple business sectors. The Omani Government simultaneously has taken efforts to infuse better relationship with multiple nations. It has culminated in developing better business relationship and also to make the setup process seem easy and quick. Presently, trying to set up company in the Sultanate of Oman is an easy process, which can be completed in just 2 to 3 business days! Following this guide can help you to create a mainland firm in Oman.
ABOUT MAINLAND COMPANY
Oman mainland company is referred to as onshore company. The business entities do have the required power to carry out different types of business activities both externally and internally of origin region. Opportunities are also provided by the Sultanate to set up free zone and mainland companies within its arena. Let’s find out about the things to be followed by diverse corporate structures.
PRE-REQUISITES TO FORM COMPANY IN OMAN
- At least 2 shareholders
- At least 1 director belonging to any nationality
- Minimum amount of capital required is OMR 150,000
Business entity types in Oman
- General Partnership
- Sole Proprietorship Company
- Limited Partnership
- Joint Stock Company
- Limited Liability Company
- Closed Stock Company
- Holding Company
- Branch Office
- Representative Office
There will also be required various types of licenses to set up a company in Oman to initiate business activities. Such license does offer necessary authority to perform different kinds of business activities without facing any type of restriction. Check out the different license types issued in Oman.
License types issued in Oman
- Service License
- Professional License
- Trading License
- General Trading License
Perhaps, you have got a clear picture pertaining to the different types of business structures which you can set up in the Sultanate of Oman as well as the different licenses that you can apply for. But, did you ever imagine as to why investors choose Oman for their investments! This question is better answered below with the following benefits.
Benefits derived with the setup of a company in Oman
- Stable & strong currency
- Free profit and capital transfer
- Duty-free machinery import along with other capital for industrial purpose.
- Navigation companies enjoying tax exemption
- Open market policies and free trade
- Engaged with Multiple countries with Double Tax Treaties
- Political stability
- Profit made and capital invested repatriation
- Well regulated Stock Exchange
Oman, like stated above offers companies with tax-free exemptions. Check out the different segments allowing tax exemption.
Tax Exemptions offered in Oman
There are some tax exemptions offered by Oman to companies that operate in the given below industries and segments
- Breeding, Farming and Fishing
- Mining
- Hospitality
- Tourism
- Private hospital established medical care units
- Export of locally processed or manufactured food
One essential factor for investors to consider is ‘Tax Exemption’ as it allows reduction of huge burden. Check out the documents which are to be submitted to set up a business in the Sultanate of Oman.
Some documents to be submitted to set up company in Oman
- Omani Bank providing certificate stating clearly initial deposit payment.
- Passport copy and identity card of all shareholders.
- Company registration form.
- Approved signatory form with name & signature of all authorized signatories.
- Chamber of Industry & Commerce to issue Affiliation Certificate
- Company statutes
Check out the company’s registration process in Oman.
Company Registration Procedure in Oman
You are to follow the below given steps to incorporate the company of your dreams in Oman
- Secure company name
- Once approved, there needs to be undertaken initial deposit
- Make application to get business license
- Necessary document submission to Finance Ministry’s Tax branch
- Obtain Municipality License
- Company Registration with Oman Royal Police mandate
- Registration from Ministry of Manpower