Oman Sultanate is putting its efforts to become a business hub. It has expanded its wings to welcome all corporate structures. Presently, it is easy to set up a venture in Oman, since it offers business owners and international investors with multiple options for efficient and effective business operation. One particular option deserving special mention is setting up a branch office. Through this article, you can get to know the procedure to set up branch office in the Sultanate of Oman. Get to know more about the branch office
ABOUT BRANCH OFFICE
The word ‘branch’ literally means division or extension of core platform hold having same roots. If any business entity desires to expands it overall reach to other location and maintain full control of the same in itself, then a step is taken forward to establish its extension. Such business extension comprises of small divisions to focus on accounting, human resource, marketing, etc. called the branch office. Get to know the procedures to set up a branch office in the Sultanate of Oman
HOW A BRANCH OFFICE CAN BE OPENED IN OMAN?
In Oman, the branch office lifetime tends to deal with quasi government entity or Omani government entity’s contractual period. Upon reaching the completion stage of the contract, commercial registration terminates. There is not required any minimum capital requirement for setting such corporate entities. Besides the procedure for administrative set up is equally easy when compared to Mother Company. The next step involves dealing with crucial documents that will be necessary followed by branch office setup core procedure in Oman
What documents will have to be submitted for opening up a branch office in the Sultanate of Oman?
- Application form to register the Branch Office.
- Articles of Association and Memorandum certified copies.
- Company Establishment Certificate
- Authorization letter to Branch Manager from Main Office
- ID Card copies of authorized signatories
- Agreement copy duly signed by the Omani government to depict contract numbers, commencement and expiry dates
What procedure is to be followed to setup a Branch Office in Oman?
What are the benefits to be derived by establishing a Branch Office in the Sultanate of Oman?
On incorporating branch office in the Sultanate Oman, the business owner or investor is likely to derive the following benefits:
- Deals with the Omani Government to improve goodwill
- Gateway to starting business in new location
- Parent company bears the liabilities
- Parent company owns 100% of the branches
- Less administrative burdens faced
- There is not required any minimum capital investment
Going through the above is sure to give some idea as to what the branch office in Oman is all about, the procedure to follow to establish and the benefits to be enjoyed as a business owner or investor. What you need now is a catalyst, a guide who can help you to take the first step towards setting up the branch office in Oman. We at OCR can take care of all your specific requirements. Our expert professionals can help you to develop business roots and get involved in visa, legal, incorporation, legal processes and accounting for our esteemed clients