Oman Company Formation FAQ
What types of companies can be formed in Oman?
The main company types are Limited Liability Company (LLC), Joint Stock Company (SAOG/SAOC), General Partnership, Limited Partnership, and Branch Office of a Foreign Company. The LLC is the most common structure for small and medium businesses.
What is the minimum capital requirement for an LLC?
There is no fixed minimum capital requirement for most LLC formations. However, certain regulated sectors such as banking, insurance, and petroleum services have specific capital requirements set by their respective regulators. The capital should be reasonable for the proposed business activity.
How long does company registration take?
Standard company registration can be completed within 5 to 10 business days through the Invest Easy online portal. This includes commercial registration, Chamber of Commerce membership, and initial tax registration. Sector-specific licences may require additional time.
Do I need an Omani partner?
In free zones, no local partner is required and 100 percent foreign ownership is permitted. Outside free zones, the Foreign Capital Investment Law allows foreign ownership in most sectors, though some activities may require a local partner. Professional advice is recommended for specific sectors.
What is the Invest Easy portal?
Invest Easy is the online platform operated by the Ministry of Commerce for company registration, licence renewal, and commercial record management. The portal enables applicants to complete most procedures electronically, reducing processing time and paperwork.
What documents are needed for registration?
Required documents typically include passport copies of shareholders, a company memorandum and articles of association, proof of registered office address, details of proposed business activities, and share capital deposit confirmation. Documents must be attested and translated into Arabic.
How are branch offices of foreign companies established?
Foreign companies can establish branch offices in Oman to undertake specific contracts or ongoing commercial activities. Registration requires a board resolution, parent company registration documents, a local agent, and registration with MOCIIP. Branches are treated as extensions of the foreign parent.
What ongoing compliance is required?
Companies must file annual tax returns, maintain audited financial statements, renew commercial registration annually, comply with Omanisation requirements, and submit social insurance contributions for Omani employees. VAT-registered businesses file periodic VAT returns.
Can a company be 100 percent foreign-owned outside free zones?
Yes, the amended Foreign Capital Investment Law permits 100 percent foreign ownership in many sectors outside free zones. However, certain activities including real estate agency, retail trade under specific thresholds, and some professional services may still require Omani participation.
What are the costs of company formation?
Costs vary but typically include commercial registration fees (approximately OMR 200-500), Chamber of Commerce membership (OMR 50-200), legal and translation fees, and office lease deposits. Free zone registration fees depend on the zone and licence type selected.