Building Materials Trading Company Registration in Oman

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

To form a limited partnership in Oman, two or more members must register, including at least one general partner and one limited partner. Additionally, the general partner, who must be an Omani national, bears unlimited liability for the debts and obligations of the partnership. Conversely, the limited partner bears limited liability and is accountable for the company’s debts and obligations solely to the extent of one’s capital contribution.

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).

A joint stock company distributes its capital as stocks. Furthermore, it allows the public trading of shares in Oman. Additionally, initiating such a company requires a minimum share capital of OR 150,000 (about 390,000 USD). Furthermore, incorporation of a joint stock company may not occur without the approval of the Ministry of Commerce and Industry and the issuance of a license testifying to that.

A foreign company seeking to establish an establishment in the Sultanate can set up a branch office in Oman. Forming a branch necessitates a local agent to sponsor Omani visas and licenses. Additionally, the branch must obtain approval from the Ministry of Commerce and Industry (MOCI). As a branch is not regarded as a legal entity separate from its parent company, the latter remains liable for its activities and obligations.

One can initiate a representative office solely for market research or promotional purposes. However, it is not permitted to conduct commercial or business-related activities. A representative office in Oman is required to have at least 1 appointed individual who is a resident of Oman.