Oman Foreign Company Registration

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” width=”560″ height=”315″> Oman Foreign Company Registration, Formation, Incorporation

Service area: Oman foreign company registration;

Company registration process in Oman are described step by step:

Share holding	One share holder should be citizen of Oman as FDI policy when two partners form a limited company.
Share percentage	Local share holder shall hold 30 percent (%) of total shares and rest of allocation for foreigner shares.
Trade Free Zone	Taking income tax advantage in Salalah, Al Mazyunah, Sohar foreign companies like to setup business in free zone area.
100% allowed	Foreigners (foreign share holding companies) can register limited company in trade free zone, holding 100% (percent) own shares.
100% not allowed	Foreigners (foreign share holding companies) can NOT register limited company unless there is local partners are joined as share holder of the company.
Income Tax	As income tax rate vary frequently and upon last year information corporate tax rate is 12 percent (%).
Public company	Foreigner (s) can hold maximum 40 percent (%) of shares in case of public company and US$ 2. Five Million is requirement showing capital.

Joint Venture company registration in Oman

” width=”560″ height=”315″> Joint venture company registration in Oman

Maximum 70 per cent foreign ownership is allowed;
Ministry of Commerce is organ of government reserve right permission starting business;
Overseas sponsors may go through Limited LC or Joint Stock registration procedure;
LLC organization can deal with general persons and government organs;
Minimum investment amount is OR 150,000 as foreign investment terms of the country;
Tax is applicable of 12 per cent as minimum income of the corporate;

Ministry of Commerce is the authority board to make engagement between parties to start business over local agent
In that case taxation should not be less than 12 per cent

entirely overseas ownership is allowed who decide to invest
Investment controlling is relaxed without limitation
Minimum 12 per cent tax is applicable on foreign branch office
All required information of main corporation those shall be notarized by embassy of Oman
An amount need to remit from main corporation to create such office that ten thousand to fifty thousand dollar;
Lots of international and domestic banks cooperate to open account and enjoy banking services;
Representative office has limitation of activities as rules of board;