Ways & How to Start a Business in Oman

Like GCC countries, Oman company registration needs the involvement of some steps. Here comes the basic requirements that must be considered.

Oman Company Registration Process

Oman’s company registration is the process where the business entities are given a physical platform. There are few steps for starting the process. They are for incorporation and post-incorporation process to follow for opening a company in Oman.

Oman’s Incorporation Process

Trade Name

The trade name must relate to business and must be unique. Choose a name and submit its application to the Ministry of Commerce & Industry.

Submission Of Incorporation Documents

It is the initial stage where needed documents are submitted for initiating the incorporation process. Essential documents are:

• Memorandum and Articles Of Association.
• Shareholders’ Passports And Visas.
• Certificate of Tax Registration.
• Shareholders ID card.
• Filed Company Registration Form.
• Certificate for Chamber of Commerce & Industry Affiliation.

Opening The Capital Account

When the documents are submitted, the capital account must be opened to deposit the fees of initial incorporation.

Registration With Chamber Of Commerce

You can register with Oman’s Chamber of Commerce & Industry for compliance with commercial regulation and rules needed for the corporate in Oman.

Register Your Business

It involves the submission of essentials like:

• Legalized Opening Forms.
• Share Capital Certificate.
• Municipality Approval.

Oman’s Post-Incorporation Process

Visa Application

Apply for visa services for your employees, after the incorporation process. You can talk with visa consultants to get the visa services at a faster pace.

Employee Registration

Employees have to be acknowledged for the part of the business entity and the employee’s registration must be mandatory under a company name.

Conversion Of Bank Account

Business capital account must be converted to a current account to ease the business transactions.

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 2021-11-23 06:24:51.