Sole Proprietorship Company Formation in Dubai

Foreign investors in Oman usually incorporate a Limited Liability company. Here you can see the procedure to register a company in Oman for incorporating an LLC.

Table of Contents

Choose the activities for business

You have to choose the activities carried by LLC. If insurance and banking activities are carried out, the applicant can take consent from the MOCI.

Company Registration

If registering the company, applicants must apply to the Ministry of Commerce and Investment to get a trade license. The applicant can secure through other permits as well.

Document Submission

Applicants must have all the documentation to register a company in Oman.Essential documents are articles of association and memorandum of association of the company.

Reserve Name

Applicants must pick a relevant name for the LLC. The name should be aligned with the objectives and goals of the business. It should be in Arabic and have a legal meaning in the Arabic language.

Certificate Of Incorporation

After the above mentioned steps the applicant will receive the incorporation.

Eligible Criteria For Oman’s Company Formation

Trade License

Foreign investors who register a company in Oman use the limited liability company. The LLC should secure a trade license from the MOCI.

MOCI has different kinds of licenses to carry out a business in Oman. Based on the requirements of the applicant, the license has to be secured.

Minimum Shareholders

The company must appoint the minimum shareholders. For instance, a JSC in Oman can have a minimum of 3 shareholders. Likewise, the needs of the shareholders are sufficed in the Oman company incorporation process.

Minimum Directors

At least one director is needed to carry out the operations.

Name Reservation

The name has to be reserved with the MOCI. The LLC’s name should reflect their nature of activities. The name must satisfy the needs of MOCI. It should not breach any copyright, intellectual property, or trademark. The name should not deceive the public or the shareholders.

Originally posted 2022-02-02 05:53:54.