Overview
Registering a company in Oman involves a structured process overseen by the Ministry of Commerce, Industry, and Investment Promotion. The government has digitised much of the registration process, enabling investors to complete many steps online through the Invest Oman portal. Oman’s Commercial Companies Law provides the legal basis for company formation and defines the available business structures. The registration process has been streamlined in recent years as part of the Sultanate’s efforts to improve its business environment rankings. Foreign investors can register companies with up to 100 percent ownership in most commercial activities.
Key Facts
Available legal structures include Limited Liability Companies, Closed Joint Stock Companies, General Partnerships, Limited Partnerships, and Holding Companies. The LLC is the most popular structure for foreign investors due to its flexibility and limited liability protection. Registration requires a name reservation, preparation of the memorandum and articles of association, capital deposit at a local bank, and submission of the application to the Ministry of Commerce. The entire process typically takes between seven and fifteen business days. A commercial registration certificate and chamber of commerce membership are issued upon successful completion. Annual renewal of the commercial registration is mandatory.
Regulatory Framework
The Commercial Companies Law governs the formation, governance, and dissolution of companies in Oman. Foreign investment is further regulated by the Foreign Capital Investment Law, which establishes the terms and conditions for international investors. Companies must appoint a statutory auditor from the list of registered auditors maintained by the Capital Market Authority. Corporate governance standards apply to joint stock companies, including board composition and disclosure requirements. All companies must maintain a registered office address in Oman.
Opportunities
Oman’s simplified registration process reduces barriers to market entry for foreign investors. Free zone authorities offer alternative registration pathways with expedited timelines and additional incentives. The government provides dedicated support services for investors in priority sectors identified under Vision 2040. Digital platforms enable remote initiation of the registration process, reducing the need for physical presence during early stages. Partnerships with established Omani firms can provide local market knowledge and business networks.
Considerations
Company names must comply with naming conventions and cannot duplicate existing registered names. The memorandum and articles of association must be notarised and may require Arabic translation. Minimum capital requirements vary by activity and must be deposited in a local bank account before registration is finalised. Post-registration obligations include obtaining sector-specific licences, registering with tax authorities, and enrolling employees in social insurance. Ongoing compliance includes annual financial reporting, commercial registration renewal, and adherence to corporate governance standards.