Benefits of Company Formation In Oman

The company formation in Oman is suitable for business people seeking to indulge in trade activities in the most dynamic nations of the Middle East. The economy depends on oil resources that have been fast declining. Due to this, a new development plan is created where Tourism and Gas based sectors have now become a part of the diversification strategy.

Being the third-largest nation of the Arabian Peninsula, it boasts of being one of the most developed territories of the region. This has political as well as social stability.

The business-friendly government in Oman focuses on economic development and foreign capital has been encouraged. This is strategically located on the Musandam Peninsula as it gains the advantage with the Indian Ocean Trade. Today this country is a vital world transit point for crude oil.

BASIC NEEDS TO OPEN A COMPANY

• A minimum of 2 Shareholders.
• A minimum of 1 Director (of any nationality).
• A Registered Office Address.
• A minimum capital requirement of OMR  50,000.

DOCUMENTS NEEDED

• An Identity Card or a copy of the passport of the Shareholders.
• An Identity Card or the copy of the passport of all authorised signatories.
• Names and the signature of the authorised signatories has to be produced on an approved authorised signatory form.
• The standard company registration forms.
• Must have the certificate of Initial capital deposit in the bank.
• The Company Statues.
• Must hold the Chamber of Commerce and Industry affiliation certificate.

Register a Company in Oman with 100% Foreign Ownership

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Originally posted 2021-09-29 05:10:29.