Company registration in Oman

Oman offers numerous opportunities for anyone wishing to start a business here. The country is located on the Arabian Peninsula on the southeastern side. It is considered to be one of the most developed countries. That is why more and more people are interested in registering companies in Oman. But doing it on your own is not as easy as it seems at first glance. Competent registration will require professional support. You can find it in our company.

Company registration in Oman: benefits

If you decide to open your company in Oman, you are guaranteed to get a number of advantages after the procedure is completed:

1. Oman – the international gateway to the Persian Gulf, Indian Ocean. This country has excellent neighbors: developing countries.
2. Economic stability and modern infrastructure make the country attractive for business. Especially when it comes to logistic projects, international trade.
3. And the country has a great neighboring country.
4. Tax incentives, exemption from income taxes for some time.
5. Simplified company registration procedure, availability of favorable conditions for doing business, which is possible in special economic zones.
6. Collaboration with different countries in many areas. This approach allows to strengthen the attitude and stability of the regional type.
7. Allow to strengthen the attitude and stability of the regional type.
8. Exclusion of double taxation. The state has taken care of this by concluding more than 35 agreements.

Opening a firm in Oman: a choice of forms of ownership

If you decide to register a firm in Oman, it is worth determining a few things in advance. These include – the form of ownership of the company you plan to open.

The operation of foreign-type companies or those planning to start a business in the country is regulated by a number of documents. According to the Omani Law «On Foreign Business and Investment», foreign companies are allowed to open their establishments that have one of the following legal forms:

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• limited liability company (Limited Liability Company, LLC);
• branch office;
• commercial agency (Commercial Agencies);
• Representative Trade Offices;
• general partnership company;
• partnership with a General Partnership Company;
• limited liability partnership (Limited Partnership Company);
• Holding Company;
• shareholding company or joint stock company (Shareholding Company, Joint Stock Company).

Firm formation in Oman is generally aimed at limited liability companies.

Registering a business in Oman: taxation

All companies that are registered in the country are subject to taxation. Their owners have to pay:

• standard rate of income taxes (15%);
• oil tax (55%).

If you decide to open a company in Oman, it is worth considering that in some cases it is possible to reduce the interest rate. This is possible for those companies that meet a number of requirements:

• the size of the authorized capital does not exceed 50,000 Omani riyals;
• the size of gross income is not more than 100,000 Omani riyals;
• the number of employees of the company is not more than 100,000 Omani riyals
• the number of employees of the company does not exceed 15 persons per year;
• none of the taxpayer's business areas like air/sea transportation, natural resources extraction, banking, insurance, financial services.

Open a company in Oman and apply for citizenship

If you decide to incorporate a company in Oman, the question of obtaining citizenship may arise. An applicant for citizenship status must purchase real estate for the investment. The government does not specify a fixed amount for which real estate must be purchased.

The government does not specify a fixed amount for which real estate must be purchased.

In addition, the applicant must be authorized by the Cabinet of Ministers to apply for the status. After fulfilling all the conditions, the applicant takes an oath and becomes a UAE passport holder. If one of the conditions of the program is violated, the government reserves the option to revoke citizenship. A spouse and children under the age of majority can register the civil status together with the main applicant. There is no need to renounce citizenship in one's home country.

Professional company formation in Oman: benefits of cooperation

If you decide to register a business in Oman with the help of our specialists, you are guaranteed to get:

• quality assurance;
• individual solution;
• operative fulfillment of the order;
• professional approach.

If you need qualified help of experts, leave a request on the site or by phone. A manager will contact you to clarify the details of cooperation.