Benefits of Registering a Company in Oman Mainland

The mainland company is also called as the onshore company. This type of business entities conduct business activities outside as well inside the region of origin.

You can establish free zones and mainland companies inside the arena with the Sultanate. Certain requirements are followed by various corporate structures.

The company formation in Oman needs various types of licenses to carry their business activities throughout. The license gives authority to conduct business activities without any restriction.

Types of Business Entities in Oman Mainland

• General Partnership
• Limited Partnership
• Joint Venture
• Joint Stock Company
• Limited Liability Company
• Holding Company
• Branch Office
• Representative Office

Types of Licenses Issued in Oman

• General Trading License
• Trading License
• Professional License
• Service License

Prerequisites for Registering a Company in Oman

• Minimum 2 shareholders
• Minimum 1 Director (can be of any nationality)
• Registered Office Address
• Minimum Capital Requirement of OMR 150,000

Tax Exemptions in Oman Mainland

Oman provided tax exemptions to business operating in any of the following industries:

• Mining
• Fishing, Farming, and Breeding
• Tourism
• Hospitality
• Export of locally manufactured or processed food
• Medical care units established by private hospitals

Required documents for Company Formation in Oman

• The identity card.
• Copy of shareholders passports.
• Initial deposit payment certificate from an Omani bank.
• The approved signatory form with names and signatures of authorised signatories.
• The company registration forms.
• The statues of company.
• Chamber of commerce and industry affiliation certificate.

The Company Registration Process in Oman

The following steps are included to incorporate your business entity in Oman:

• Company name secured.
• Initial deposit done after approval
• Business license application.
• Documents submitted to the Tax branch of the Finance Ministry.
• Get a municipality license.
• Company registration with the Royal Oman Police mandate.
• Have to register with the Ministry of Manpower.
• Organization seal must contain the organization name.
• The logoApply for visas of the corporate bank account.

Benefits

• The stable and strong currency.
• The free transfer of profits and capitals.
• The duty-free import to other capital and machinery for industrial purposes.
• Exemption of taxes for navigation companies.
• Free open market and trading policy
• Multiple countries with double tax treaties.
• The well-regulated stock exchange.
• Repatriation of profits and capital invested.
• The political stability.

You will also be interested on:

• Salalah Free Zone Oman
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• Oman Mainland Company Formation
• Company Formation in Oman
• Business Setup Service in Oman

Registering your Company Mainland!

Originally posted 2021-09-29 09:58:39.