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Various sectors in Oman accept Foreign direct investment. In most sectors, 100% foreign investment is allowed. There is no requirement to appoint a nominee or a resident of Oman to incorporate a company. Most foreign investors in Oman choose to set up a Limited Liability company (LLC). So, the steps below for registering a company in Oman would be for setting up an LLC. A person who wants to register a business in Oman must go through the following steps:
First, the person who wants to start an LLC has to decide what the business will do. If banking and insurance activities are done, the applicant would have to get permission from the Ministry of Commerce and Investment.
The applicant would have to apply for a trade licence from the Ministry of Commerce and Investment before registering the company. The applicant may also need to get hold of other permits.
It could take a while for the Ministry of Commerce and Investment to get back to the applicant. During this time, the person who wants to start a company in Oman (LLC) would have to make sure that all the paperwork is in order. The company’s memorandum of association and articles of association are two important documents.
Then, the person who wants to start an LLC has to come up with a good name for it. The name of the business must show what it wants to do. It must also be given in Arabic and mean something legal in Arabic.
The applicant would get a certificate of Registration after the above steps have been taken.
Call us today or fill up the form below to make the Oman company registration process simple.
Tags: Oman Mainland Company Formation, Company Formation in Oman, Company Registration in Oman, Oman Company Incorporation, Opening Branch Office in Oman, Oman Freezone Company Formation, Salalah Freezone Oman, Special Economic Zone at Duqm, Freezone of Sohar, Freezone of Al Mazunah
Originally posted 2022-10-14 05:01:42.