GET TRADE LICENSE IN OMAN

ADVERTISEMENT COMPANY INCORPORATION IN OMAN

Black Swan as a Oman business setup Consultant & Agent in Oman can help you in entire business setup process in Oman and Company formation in Oman. Our team of experts at Black Swan have full tie-up with government agency in Oman , so as to register Company in Oman and provide you with trade license and all kinds of approval to register company in Oman.

To start a company in Oman, one may choose from the following legal entity types:

LLC FORMATION

Limited Liability Company

You can setup a LLC company in oman  with just a single shareholder. Furthermore, a foreign investor can have a 100% owned LLC in Oman. However, a maximum of 50 shareholders can be part of an LLC company. Moreover, authorized managers must formally notify the shareholders of any conflict of interest in any proposed transaction or business to be entered by an LLC.

PARTNERSHIP

Oman Limited Partnership

To form a limited partnership in Oman, 2 or more members must register, with at least 1 general partner and 1 limited partner involved. Conversely, the general partner, who must be an Omani national, assumes unlimited liability for the debts and obligations of the partnership. In contrast, the limited partner bears limited liability, being accountable for the company’s debts and obligations solely up to the extent of one’s capital contribution.

PRIVATE

Joint Stock Company

A joint stock company the shares of which are not available for trading publicly is a private joint stock company. A private joint stock company in Oman requires a minimum of 3 shareholders (one of whom should be an Omani citizen holding at least 30% of the total shares) and a minimum share capital of OR 50,000 (about 130,000 USD).

PUBLIC

Joint Stock Company

A joint stock company distributes its capital as stocks. Furthermore, a public joint stock company in Oman can publicly trade its shares. Initiating such a company requires a minimum share capital of OR 150,000 (approximately 390,000 USD). Additionally, obtaining approval from the Ministry of Commerce and Industry and acquiring a confirming license is mandatory for incorporating a joint stock company.

BRANCH

Branch office in Oman

A foreign company seeking to establish an entity in the Sultanate can establish a branch office in Oman. This process necessitates a local agent to sponsor Omani visas and licenses. Additionally, obtaining approval from the Ministry of Commerce and Industry (MOCI) is mandatory for the branch. As the branch is not considered a distinct legal entity from its parent company, consequently, the latter remains liable for its activities and obligations.

REPRESENTATIVE

Representative Office

One can establish a representative office solely for market research or promotional purposes. However, conducting commercial or business-related activities is prohibited. Additionally, an appointed individual who is a resident of Oman must be present in a representative office in Oman.

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