Business Setup Process in Oman

Starting a Business in Oman, like other GCC countries involves certain steps that need to be cleared appropriately. Let’s start by taking a look at the basic requirements before turning on to the specific processes.

Requirements to Register a Company in Oman

• A minimum capital requirement of OMR 150,000
• At least 2 Shareholders
• A registered office address
• One or more Directors of any nationality

Company Registration Process in Oman

The business ensemble is given a physical platform by the company formation process. The company Formation process involves certain steps which are to be followed for the incorporation and the post-incorporation process to set up a business entity in Oman.

INCORPORATION PROCESS

• Documentation

The first and foremost step where all the documents necessary are submitted for the initiation of business. The necessary documents necessary are listed below

• Shareholders identity card
• Shareholders visa and passport
• Articles and memorandum for Association
• Tax Registration Certificate
• Certificates from Chamber of Commerce and Industry Affiliation
• Field company Registration form
• Initial deposit certificate
• Opening a Capital Account

After submitting the required documents, a capital account is opened to deposit the initial incorporation fee

• Incorporation

Incorporation involves the submission of the following essentials

• Approval from municipality
• Legalized opening forms
• Certificate of share capital

POST-INCORPORATION PROCESS

The post-incorporation process involves the following steps

• Application for Visa

After the incorporation process, it is mandatory to apply for visa services for all the employees. Visa consultants can assist you in availing visa at a swift pace.

• Registration of Employees

It is necessary to acknowledge the employees as part of your organization and hence you need to register the employees under the company name.

• Bank Account Conversion

In order to ease business transactions, you will have to convert your capital account to the current account.

You will also be interested on:

• Salalah Free Zone Oman
• Oman Special Economic Zone of Duqm
• Oman Mainland Company Formation
• Company Formation in Oman
• Business Setup Service in Oman

Setup your Business Today!

Originally posted 2021-09-29 08:55:16.