Metals and Its Products Trading Company Registration in Oman

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 is one the capital of which is distributed as stocks. The shares of a public joint stock company in Oman can be traded publicly. The minimum share capital required to start such a company is OR 150,000 (about 390,000 USD). A joint stock company may not be incorporated without the approval of the Ministry of Commerce and Industry and issuance of a license testifying that.

A branch office in Oman can be set up by a foreign company looking to open an establishment in the Sultanate. For forming a branch, a local agent to sponsor Omani visas and licenses is required. The branch is also required to obtain an approval from the Ministry of Commerce and Industry (MOCI). Since a branch is not considered a legal entity separate from its parent company, the latter is liable for its activities and obligations.

A representative office can be started to purely for market research or promotion purposes. It is not allowed to carry out 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.