Mainland Business Establishment in Oman
100% Ownership Company
Starting your business in Oman Mainland is a great option! It offers excellent facilities, business opportunities, and a unique advantage: no income or corporate taxes. This makes Mainland ideal for launching a new business or even a branch office. However, starting a business anywhere requires planning and knowledge of the local market and procedures.
Benefits of Setting Up a Company on The Mainland
Top-notch Infrastructure
You'll have access to excellent facilities and resources to support every facet of your business.
Scalability Made Easy
The mainland allows you to effortlessly adjust your operations, growing or downsizing as your needs evolve.
Stability and Predictability
The business environment is reliable, with clear regulations to guide your operations.
Global Reach
You can tap into both the local market and international opportunities simultaneously.
Streamlined Business Environment
Setting up and running your business is straightforward, with events like conferences and trade shows facilitating your endeavors.
Financial Backing
Major banks and auditing firms are readily available to assist your company's growth.
Location Freedom
Choose the office space that best suits your needs.
Global Talent Pool
You can recruit highly skilled individuals from anywhere in the world.
Oman Mainland Company Registration Major Procedures
Approval of business name and activities
The company name and desired trade activities must be authorized by the Ministry of Commerce and Industry.
Partner with a local advisor
Working with a reliable service agent or local collaborator can significantly smoothen the process.
Secure preliminary approval
The company must apply for initial authorization from relevant government bodies like the Ministry of Manpower and the Central Bank of Oman.
Finalize registration for license issuance
Submit all necessary documents to the Chamber of Commerce and Industry to receive your official commercial registration certificate.
Determine the exact cost
The cost of establishing a mainland company in Oman varies depending on several factors, including the type of business, the number of employees, and the office location.
Obtain a reliable sponsor (if required)
Depending on your business type, a trustworthy sponsor may be required for mainland company formation. A trusted service agent can assist with this.
Obtain approval for the office address
The office address must be sanctioned by the municipality.
Ensure timely submission of documents
All necessary documentation must be completed and submitted promptly to avoid setbacks in the company formation process.
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Legal Entity Types in Oman
Limited Liability Company (LLC)
The most popular choice for foreign investors, offering limited liability for shareholders and flexibility in ownership structure, including 100% foreign ownership in most sectors.
Joint Stock Company (JSC) Private
Ideal for raising capital through public offerings where shares are not traded publicly. It requires a minimum of 3 shareholders and a minimum share capital of OR 50,000.
Joint Stock Company (JSC) Public
The shares of a public joint stock company in Oman can be traded publicly. The minimum share capital required to start this type of company is OR 150,000.
Partnership (Oman Limited Partnership)
Can be formed by two or more members. It requires at least one general partner and one limited partner to be registered.
Representative Office
Suitable for market research or promotional purposes, prohibiting the conduct of commercial or business-related activities. This type necessitates having at least 1 appointed individual who resides in Oman.
Branch Office
An extension of a foreign company, operating under the parent company's laws but subject to Omani regulations.
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FAQs
Selecting the most suitable location for your business on the Oman mainland can be challenging. Our team of specialists is here to help you evaluate and choose the ideal location that aligns with your business operations and strategic goals.
Our team of specialists can assist you with all stages of establishing your business on the Oman mainland, including location selection and assessment, company creation and incorporation, visa and stay permit assistance, bank account opening, and legal and business support.
Depending on your business type, an Omani sponsor may be required for mainland company formation. However, our trusted service agents can assist you in finding a reliable sponsor if needed.
The time it takes to set up a business on the mainland in Oman varies depending on the specific requirements of your business. However, our team of experts can help streamline the process and ensure that it is completed efficiently.
You can contact our team of experts at info@omanlicenses.com for more information about setting up a business on the mainland in Oman. We are always here to assist you with any questions or concerns you may have.
