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Oman has flourishing business platforms located in the Middle-East region. It opens the gateway of business owners to set up a business from scratch or expand the established entities.
One such form of established business expands themselves or enters the market by incorporating the representative office. This gives a clear idea on ways to incorporate the representative office in Oman for accelerating the business growth globally.
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The representative office is the business structures formed by companies to carry non-transactional operations in new markets.
As per Omani Law, the representative office can be 100% foreign-owned, controlled and restricted for making direct sales in Oman. They’re governed by the Representative Office Regulatory Law formed by the Ministerial decision number 22/2000. Their activities are limited to:
It is mandatory for the Oman Representative Office to have one individual to be a resident of Oman.
Organizing the documents in a sequential manner makes the incorporation process easier. The necessary documents needed are:
Then you have to carry with the core establishment process of the representative office in Oman.
The initial capital must be deposited in the local bank after the company name registration.
Businesses have diverse activities for special permits. Get business permits and license to kick-start the organizational activities.
After the permit, you have to apply in the tax department of the Finance Ministry.
You have to obtain the Municipality license.
The business entity must be registered with the Royal Oman Police and are mandated for foreign companies.
You have to register with a Ministry of Manpower to get local resources. It keeps the count of foreign and local employees and gives the clarity if more resources have to be hired or not.
The final step to end your registration at the representative office of Oman. You have to register the company for social protection and it ends with the Public Authority.
Looking for a Business Setup company in Oman? Call us today on +971 4240 6939 / +968 7819 8097
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Originally posted 2021-12-13 06:09:49.