If you are looking for a reliable and professional service provider for company registration in Oman, you have come to the right place. At PI Startup Advisory, we offer comprehensive solutions for setting up your business in Oman, from choosing the right legal structure and trade name to obtaining the necessary approvals and licenses. We have a team of experts who can guide you through the entire process of company registration in Oman, ensuring compliance with the local laws and regulations.
Company registration in Oman is a straightforward and hassle-free process, provided you follow the steps below:
- Determine your business activity and legal structure. Oman offers various options for foreign investors, such as Limited Liability Company (LLC), Joint Stock Company (SAOC), Branch Office, Representative Office, or Free Zone Company. Each option has its own advantages and disadvantages, depending on your business objectives and requirements. For example, an LLC requires a minimum share capital of OMR 150,000 and at least 30% Omani ownership, while a Branch Office does not require any share capital or local partner but can only conduct activities related to the parent company.
- Reserve your trade name. You need to apply for a trade name reservation with the Ministry of Commerce and Industry (MoCI), ensuring that it is unique and reflects your business activity. The trade name reservation is valid for one year and can be renewed.
- Prepare your Articles of Association (AOA). The AOA is a legal document that defines the company’s structure, objectives, share capital, ownership, and governance. You need to engage a legal consultant or law firm to draft the AOA in accordance with the Omani laws and regulations. The AOA must be notarized and signed by the company’s founders before submission to the MoCI.
- Obtain initial approval and capital deposit. After submitting the AOA and other required documents to the MoCI, you need to obtain an initial approval for your company registration in Oman. You also need to deposit the required share capital in a bank account in Oman and obtain a certificate of deposit.
- Register your company with the MoCI. Once you receive the initial approval and deposit the share capital, you can register your company with the MoCI by submitting the completed application form and the required documents. The registration process may also involve obtaining approvals from other relevant authorities, depending on your business activity.
- Obtain your Commercial Registration (CR). The CR is the official document that certifies your company’s existence and authorizes it to conduct business in Oman. You need to apply for the CR with the MoCI within one month of obtaining the initial approval.
- Obtain other licenses and permits. Depending on your business activity, you may need to obtain other licenses and permits from various authorities, such as the Ministry of Manpower, the Ministry of Environment and Climate Affairs, the Ministry of Health, etc.
- Start your business operations. After obtaining all the necessary licenses and permits, you can start your business operations in Oman. You also need to comply with tax and accounting regulations, such as filing annual returns, paying corporate income tax, withholding tax, social security contributions, etc.
At www.pistartup.co, we can help you with all these steps and more. We have extensive experience and knowledge in company registration in Oman and can provide you with customized solutions that suit your needs and budget. Contact us today for a free consultation and quote.