GET TRADE LICENSE IN OMAN

INVESTMENT COMPANY INCORPORATION IN OMAN

Black Swan as a Oman business setup Consultant & Agent in Oman can help you in entire business setup process in Oman and Company formation in Oman. Our team of experts at Black Swan have full tie-up with government agency in Oman , so as to register Company in Omam and provide you with trade license and all kinds of approval to register company in Oman.

To start a company in Oman, one may choose from the following legal entity types:

LLC FORMATION

Limited Liability Company

You can setup a LLC company in oman  with just a single shareholder.   A foreign investor can have a 100% owned LLC in Oman.  Maximum of 50  shareholders van be in a LLC company. It is now necessary for authorised managers to formally notify the shareholders of a conflict of interest in any kind of transaction or business proposed to be entered by an LLC.

PARTNERSHIP

Oman Limited Partnership

Two or more members can form a limited partnership in Oman. It requires registering at least one general partner and one limited partner. The general partner, an essential requirement being Omani nationality, assumes full and unlimited liability for the debts and obligations of the partnership. On the other hand, the limited partner, in stark contrast, enjoys the benefit of limited liability. In this capacity, they are solely responsible for the company’s debts and obligations to the extent of their capital contribution. It’s important to emphasize the stark difference in liability between these two partner roles.

PRIVATE

Joint Stock Company

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).

PUBLIC

Joint Stock Company

A joint stock company operates by distributing its capital as stocks. Furthermore, in Oman, a public joint stock company has the added advantage of being able to publicly trade its shares. If you’re considering launching such a company, you should be aware that it necessitates a minimum share capital of OR 150,000 (roughly equivalent to 390,000 USD). In addition, it’s crucial to note that the Ministry of Commerce and Industry holds the authority to grant approval for the incorporation of a joint stock company and, subsequently, to issue the necessary license to validate the entire process.

BRANCH

Branch office in Oman

A foreign company looking to establish a presence in the Sultanate can set up a branch office in Oman. To form a branch, they need a local agent to sponsor Omani visas and licenses. The branch must also secure approval from the Ministry of Commerce and Industry (MOCI). The parent company is responsible for the activities and obligations of the branch since it is not considered a legal entity separate from its parent company.

REPRESENTATIVE

Representative Office

You can start a representative office purely for market research or promotional purposes. You cannot engage in commercial or business-related activities. A representative office in Oman must have at least one appointed individual who is a resident of Oman.

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