Office Time
Mon-Sat: 8am to 8pm
Oman Ministry of Commerce And Industry brought in a new Foreign Capital Investment Law effective from 2nd January 2020. It aims to make Oman an attractive investment environment. This law ensures the stability of foreign investment in the country. New Law has many incentives and benefits to foreign investments that provide stability and business flow in the Sultanate which has an impact on economic development.
Table of Contents
Since January 2020, foreign companies, investors and citizens in Oman are able to hold 100% of their businesses in several industries in the mainland of Oman. A few activities of the mainland are reserved for Omanis, other activities need a local Omani partner who has a minority shareholding.
There are several Oman Free zone areas. Refer our pages on Oman Free zones for more details.
A list of 40 activities are reserved for the Omanis in different sectors like translation services, manpower recruitment and tailoring. These lists are amended by the executive regulations by 30 July 2020.
All kinds of consultancy activities need a Local Omani shareholder and their requirements remain the same. An investor or foreign company can set up a consultancy office in partnership with an individual or Omani company.
The Omani partner must hold 35% of shares in the new company. OMR 150,000 must be available as the proof of funds.
For Corporate Shareholders:
These documents must be legalized, attested and notarized from the country of origin. Then it is sent to PPG in Oman to get legal translation & stamping in the Country.
Business Plan – required by MOCI, the business plan has 3 sections.
CR application form- It needs the following requirements:
Related Articles
» Airport Show & Global Airport Leaders Forum – Dubai
» Arabian Travel Market – Dubai World Trade Centre
» Asian Pacific Society of Cardiology Congress APSC- Dubai
» CABSAT Middle East – Dubai World Trade Centre
Get in touch with us to set up a 100% foreign owned company in Oman or for share transfers for restructuring existing companies.