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Oman Foreign Company Registration, Business Incorporation
- Doing business with local partner
- Open branch office
- Local agent
- Fully own non residence limited liability corporation creation is not allowed, provided that at least two members are required who are investors of the entity, further provided that one of them (partner) shall be local of Oman citizen who shall be holding thirty per cent share of the corporation;
- Free trade agreement is already exist to enjoy trading between countries obeying with rules;
- 100% own overseas ownership corporation is allowed in FREE zone areas, Salalah, Al Mazyunah, Sohar;
- Twelve per cent tax shall be applied on such outsider corporations excluding entity those are free zone area in Oman foreign company registration;
- Capital require US Dollar five point two million for public corporation (joint stock) in Oman, provided that may hold maximum forty nine per cent share at hand of non residence owners;
- Government takes different steps to attract foreign investors;
- Less than sixty five per cent may be allowed permission by ministry of commerce upon recommendation of the concern authority;
Partnership business formation 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;
Trade over Agency
- 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
Branch Office opening rules in Oman
- 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;
S & F CONSULTING FIRM LIMITED
Email us: contact@sfconsultingbd.com
Muscat, Oman
