Why not start your own business in Oman? It’s a great place to do business. Oman has been trying to increase the variety of business opportunities in the country by making it easy for foreign investors to set up shop in the Sultanate.
If you think your next business opportunity is in Oman, you can use this 7-step guide to help you register your company.
Choosing the Right Company Structure
There are a few different types of business entities in Oman from which you can choose the right one for your company. For foreign investors who want to start a business in Oman, a Limited Liability Company (LLC) is the most common and best choice. It doesn’t have strict rules; investors can hire their own team and have their own bank account. Setting up a free zone company is a great choice for investors in Oman who want to trade but have few options. Businesses in Oman’s free zones can be owned by 100% foreigners, can do business with local customers, and need little or no minimum paid capital.
Company Registration and Trade Licenses Process
The process of registering a company in Oman is pretty easy and straightforward. Here are the steps you need to take:
- Register your new business with the Oman government.
- Ask the Ministry of Commerce and Industry for a name for your business (MOCI).
- Write the Memorandum of Articles, which is the founding document for the new organisation.
- Choose a business task.
- Write up the resolutions for the shareholders.
- Get the MOCI Notaries to sign the Constitutive Contract.
- Turn in the form to the MOCI.
- Get the document that says the company is registered and the Chamber of Commerce Certificate.
OCR will help you get through this long list of things to do and walk you through each step.
Company formation facilitation services
From choosing the right type of business to filling out registration paperwork, starting a company can be a lot to handle. OCR offers a set of pre-qualified services to help you better manage your business registration in Oman. Here are some of the things we can do for you:
- Help with company registration, licences, constitutive contracts, Partners’ resolutions, Powers of Attorney, shareholders’ agreements, and Chamber of Commerce certification.
- Help people choose the right places to work, like offices, warehouses, retail stores, and so on.
- Help with taxes and audits, keeping books, and collecting debts.
- Documents that you need to open a bank account.
- An outlook on Omanization policies, hiring, and adapting HR handbooks to local needs.
- PRO services, such as working with ministries, getting investor, work, and residential visas, and city licences.
- Help with moving for investors who want to move their families to Oman.
- Research on the market, planning, and customer service.
- Services for marketing plans and translation.
Choosing the workplace
If you want to start a free zone manufacturing or trading company or even a 100% foreign-owned LLC, you must have a registered place of business, like an office or warehouse. Don’t worry, OCR will help you find the perfect office space for your business needs.
Opening a bank account
After registering your business with local authorities, you must open a bank account if you are a foreign investor, a citizen of the GCC, or a company from the United States. If you want to start a different kind of business, our team of experts is ready to help you get registered with the bank.
Visa, PRO and business setup services
Investors who want to start a new business in Oman will need an Omani Government Liaison Officer, also called a Public Relations Officer or PRO. PROs are in charge of communicating with government agencies to handle paperwork like visa applications, paperwork for registering a business, and approvals. There are many more perks to outsourcing your PRO services:
- Help save time and money on support for PRO and HR.
- A PRO team that takes care of your paperwork and makes sure it gets to you on time.
- Save money on employment costs like salaries and taxes.
HR setup services
Any business needs strong HR policies to keep its shape. OCR has a team of qualified and experienced HR experts who will help support and guide you from the start to make sure your company’s HR policies are on the right track before you start hiring people and growing your team.
Tags: Company Formation in Oman, Oman Company Registration, Company Incorporation in Oman, Company Registration in Oman