Business Setup

Business Setup with 100% Foreign Ownership

Oman is a very business-friendly country with a strong economy and a major tourist destination. The government has made it easy with friendly regulations for businesses to set up and operate in the country. There are a number of incentives for businesses to operate in Oman. One of the main advantages is that a business setup with 100% foreign ownership in Oman is possible.

What is a Limited Liability Company in Oman

A Limited Liability Company (LLC) is a legal business entity in Oman that provides limited liability protection to its owners while allowing them to participate in the management of the company. An LLC in Oman is a popular choice for entrepreneurs and investors who want to start a business in the country, as it offers flexibility in terms of ownership, management, and taxation.

In an LLC in Oman, the liability of the owners (known as “members”) is limited to the amount of capital they have invested in the company. This means that their assets are protected in the event of business debts or legal disputes.

Required Documents for LLC

Copy of your passport

Proposed company name

Shareholding structure

Proposed activities

Our Benefits

There are several benefits to LLC company Registration in Oman, including:

Limited Liability Protection
Tax benefits
Ease of Setup
Flexibility

Are you curious about the Process?

Here’s the breakdown of complete guideline that you all need to know to form a LLC Company in Oman.

Choose the trade name

Selecting the perfect trade name is your first crucial step in establishing your business presence in Oman. This name will be the foundation of your brand identity, so it's important to choose wisely.

Prepare a business plan

This plan serves as a roadmap, outlining your company's goals, strategies, and financial projections. It demonstrates the viability of your business concept and attracts potential investors or lenders.

Obtain the Commercial Registration (CR)

Having a solid business plan in place, you're ready to secure your official business identity in Oman. This crucial step involves obtaining and completing the Commercial Registration (CR) application form from the Ministry of Commerce and Industry (MOCI).

Registered with the Chamber of
Commerce

The OCCI registration process typically involves submitting an application form, along with your CR and other required documents. Fees for membership vary depending on your business size and activity.

Select the type of office and warehouse

Selecting the right office and warehouse space is a pivotal step for your Omani business. First, assess your needs. For the office, consider the number of employees, workspace requirements, and desired amenities.

Apply for a Municipal license

This license, issued by the local municipality (like Muscat Municipality), authorizes you to conduct specific activities that fall under their jurisdiction.

While registering with the Ministry of Finance (MoF) in Oman isn't always a mandatory step for all businesses, it's often necessary for annual audit and tax purposes.

Obtaining Labor Quotas or Staff Visas

The Ministry of Manpower (MOM) in Oman plays a crucial role in regulating foreign workforce recruitment. This step involves securing either labor quotas or staff visas, depending on your needs.

PRO and Visa Application Process

The statement about PRO registration on the Commercial Registration being necessary for applying for visas with the Royal Oman Police (ROP) requires some clarification.

Obtaining Additional Approvals

For certain kinds of business activities, you need to obtain additional approvals from the respective authorities

Professional Business Consultancy in Oman

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Connect with CrossPoint Business Solutions

Looking to form an LLC company in Oman? Look no further than Cross Point – the best business setup agency in Oman. Our team of experts can guide you through the entire process, from initial registration to ongoing compliance. Trust us to handle all the legal and administrative details, so you can focus on growing your business. Contact us today to get started!

To book a free consultation, call or WhatsApp on +968 9671 7108. To connect over email, send us your query at info@crosspointtrading.com

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Business Setup with 100% Foreign Ownership

What is a Limited Liability Company in Oman