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Company Registration in Oman
COMPANY
REGISTRATION
IN OMAN
A BRIEF GENESIS OF FORMING YOUR OWN COMPANY
WHY
OMAN TO
START
YOUR
BUNIESS?
BUSINESS STRUCTURE &
FORMATION IN OMAN
CONCEPT OF
LIMITED LIABILITY
COMPANY:
EXPLAINED
THE OPPORTUNITIES IN
CRUDE: PRIMACY
OPERARATION IN OMAN
STEPWISE PROCEDURE TO
REGISTER LLC IN OMAN
MCI Oman
Application Chamber of
Name (Incorporati Commerce Approvals Company Post Reservation on and Industry Seal registration
documents (OMCI)
submission) registration
NAME RESERVATION
Applicant requires submitting
application to Ministry of Commerce and
Industry (MCI) under applicable law to
reserve the name of company subject to
restriction of uses of particular name as
given in Omani Law.
MCI APPLICATION (INCORPORATION
DOCUMENTS SUBMISSION)
After approval and
reservation of Name, now
the next step is to prepare
and obtain documents like
foreign shareholder
documents or Omani
shareholder documents,
Constitutive contract and
authorized signatory form,
bank certificate for evidence
of compliance with LLC’s
capital requirements.
OMAN CHAMBER OF COMMERCE AND
INDUSTRY (OMCI) REGISTRATION
This is the final step of registration process and is
obtained immediately on the MCI completing its
registration process to obey the other prescribed
commercial rules and regulation for corporate in Oman.
APPROVALS
COMPANY SEAL
The instruction to make the company
seal or stamp is issued by the
registered authorized signatory of the
LLC. When issued to the supplier of
the stamp or seal, such instruction
should be send with an attested
signature specimen confirming the
requesting persons’ authority to
obtain the stamp or seal.
POST REGISTRATION
REQUIREMENTS
1.Municipality license
1.Tax registration
1.Registration with Royal Oman Police
1.Registration with Ministry of Manpower, to apply for labor clearances and visas.
1.Import Export License, depending on the nature of business,
1.Industrial, environmental and other permits and licenses, depending on the nature of
business.
OTHER REQUIREMENTS &
FORMS TO CONDUCT
Branch officeBUSINESS IN OMAN
A company not formed in Oman which has entered into a contract with a
government entity or quasi-government entity is authorized to operate with
registration in Oman as a foreign branch. It can be interpreted as Branch is
possible for foreigner provided they have secured contract from authority. A
branch office is a ‘footprint’ of the foreign company in Oman. Therefore, this kind
of corporate entity not required to have share capital and any local partner too.
And the foreign company remains liable for all of the debts and other liabilities of
the branch office.
Agency
Foreign investors who wish to appoint an agent or distributor need to draft the
agency or distribution agreement with care and take legal advice on the
background legislation to these forms of contract because Oman’s Commercial
Agencies Law provides an agent significant protection from the termination of its
appointment by an overseas principal on due course of business.
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