Company Registration in Oman
The website is a versatile, interactive, and integrated platform that can be used on a variety of PCs, laptops, screens, and tablets.
Implementation of the Oman Vision 2040 In order to provide specialists, researchers, and interested parties with access to the final version of the vision document, information about national programs, and the Unit’s work methodologies for monitoring and evaluating performance, the Follow-up Unit launched its website (www.oman2040.om), an integrative, flexible, and interactive platform. Man, also called the Sultanate of Oman, is a developing business hub in a prime location. It is one of the GCC’s expanding countries and a well-known residence for foreign expatriates with a wealth of business prospects.
Frequently Asked Questions (FAQs)
1. Can a foreigner own majority shares in an Omani company?
The Sultanate of Oman encourages foreign capital that will enhance the overall development of the country.
2. What are the prerequisites to start an LLC company registration in Oman?
A resident shareholder or director is not needed for setting up a company in Oman. However, many companies require at least one Omani or GCC citizen or corporation to hold 35% of the company’s shares.
3. What are the investment incentives offered in Oman?
Investment incentives include providing plots for nominal lease charges in specified areas and reducing utility charges and tax exemption.
4. Is a foreign company allowed to open a branch and representative office in Oman?
Companies conducting business through special contracts or agreements with the government can establish a branch in Oman.
5. How many industrial estates, free zones, special economic zones are in Oman?
There are six industrial estates in Oman managed by the Public Establishment for Industrial Estates.
6. Is there any restriction on repatriation?
Oman is a free economy and does not restrict the remittance abroad of equity, debt, capital, interest, dividends, profits and personal savings.
7. What are the criteria for getting a residential and investor' visa?
An investor visa is granted to a foreigner who intends to invest his money in Oman according to certification in this respect from the authority concerned.
8. What is the corporate tax rate in Oman?
A uniform 12% tax rate is applicable for all companies irrespective of nationality and size, and profit up to OMR 30,000 is exempt from tax.
9. How many days will I be required to do a business setup in Oman?
If all documents and other prerequisites are in order, company formation in Oman takes about 8 to 10 days.
10. Is Value Added Tax applicable in Oman?
A Value Added Tax (VAT) shall be introduced in Oman from 2019.