Registering a company in Oman involves careful planning and strict adherence to the guidelines set out by the Ministry of Commerce, Industry and Investment Promotion and the Oman Tax Authority. By following this guide and leveraging the resources provided, you will be well-positioned to establish your business successfully in Oman. Remember, adherence to the given requirements and guidelines will ensure a smooth registration process and a prosperous start for your company in Oman's promising business environment.
Step 1: Choose your company type
The first step in registering a company in Oman is to determine the type of company you wish to establish. The most common types are:
- Limited Liability Company (LLC)
- Joint Stock Company (SAOG/SAOC)
- Branch of a foreign company
- Free zone company
Step 2: Choose a company name
You will need to select a suitable name for your company, adhering to the regulations set out by the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). You can review the guidelines and check for name availability on their website: https://www.moci.gov.om
Step 3: Prepare the required documents
You will need to prepare the necessary documents for your selected company type. The key documents include:
- Memorandum of Association (for LLC, SAOG/SAOC)
- Application for Company Registration (for all types)
These forms can be downloaded from the MOCIIP website: https://www.moci.gov.om
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for LLC, SAOG/SAOC) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Oman requires a minimum capital of OMR 20,000 for LLCs, OMR 2,000,000 for SAOGs, OMR 500,000 for SAOCs. There is no minimum capital requirement for branches of foreign companies or free zone companies.
Step 6: Register your company
Once your documents are prepared, you can submit your application to the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). This can be done online via the Invest Easy portal: https://www.investeasy.gov.om
The fees for registering a company are as follows:
- LLC: OMR 350 (approximately)
- SAOG/SAOC: OMR 1,500 (approximately)
- Branch of a foreign company: OMR 1,500 (approximately)
- Free zone company: Varies depending on the specific free zone
Step 7: Register for taxes
Upon successful registration of your company, you must register for taxes with the Oman Tax Authority. This can be done online via the following link: https://www.taxoman.gov.om
Step 8: Obtain necessary permits and licenses
Depending on the nature of your business, you may need to secure additional permits or licenses. Ensure to consult with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from document preparation to receiving your Certificate of Incorporation, may take around 2 to 4 weeks, depending on the complexity of your application.