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The Sultanate of Oman is developing business hubs and they embrace the corporate structures. It’s easy to establish the company in Oman, since it has business owners and international investors to operate the business.
One kind of option is to establish a branch office. Here you can understand the process to initiate the branch office in Oman.
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Branch means the division or extension of a core platform that has the same roots.
If a business entity likes to expand their reach to another location, they take a step to establish the extension. This kind of business extension has small divisions focusing on human resource, marketing and accounting, that is known to be a branch office.
Lifetime of the branch office at Oman deals with the contractual period of the Omani government entity or can be through a quasi-government entity.
If the contract reaches the completion stage, commercial registration goes to the end.
Establishing these corporate entities don’t need the minimum capital requirements.
The administrative set-up is easier if compared with the mother company.
The initial step for the request has to get submitted at the Investors Services Department saying that the branch office must be incorporated.
Supporting documents have to be submitted with the duly signed application.
Computerized system generates the application number along with the submission date to forward it to the applicant through the contact details and registered mail.
You have to acknowledge the status if the application is rejected or approved or it needs additional information.
The investor has to pay an amount for collecting the Certificate and registered papers that are needed by the Commercial Registration Office.
Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation
Originally posted 2021-11-30 09:04:58.