Oman Company Registration Steps

1. Pre-examination of company name

Submit the pre-examination application for company name and wait for the approval result.

2. Prepare registration documents

Articles of association: The company's purpose, shareholders' rights, management structure, registered capital and other important matters must be specified in detail and signed by all shareholders.

Proof of identity of shareholders and directors: passport copies, ID cards, etc.

Proof of address: lease agreement or purchase contract of registered address.

Proof of registered capital: proof of funds in place issued by the bank.

Other documents: such as power of attorney, company registration application form, etc.

3. Submit registration application

Submit the prepared documents to the relevant department under the Ministry of Commerce and Industry of Oman.

Pay the corresponding registration fee.

4. Wait for approval and registration

The relevant department will review the submitted documents.

After the review is passed, a commercial registration certificate will be issued, marking the official establishment of the company.

Subsequent compliance matters for Oman company registration

Tax registration

After obtaining the business registration certificate, you need to go to the Oman General Taxation Authority to register for tax and obtain a tax identification number.

Declare and pay taxes on time to avoid tax compliance risks.

Social insurance registration

Within the specified time after the employee joins the company, the employee must be registered with the Public Social Insurance Institution (PASI).

Pay insurance premiums to the social insurance fund on behalf of the employee.

Annual report and audit

Submit an annual report to the Ministry of Commerce and Industry every year, including the company's financial status, operating results, shareholder changes and other information.

Employ a local certified public accountant in Oman to conduct financial audits and submit audit reports to the Ministry of Commerce and Industry.

Business license renewal

The company's business license needs to be renewed regularly, generally once a year.

续期时需缴纳相应的费用并提交相关文件。

Other considerations

Specific industry licenses

Specific industries (such as medical and legal services) require specific business licenses.

Before applying, you need to understand the laws, regulations and application procedures of the relevant industries.

Economic substance requirements

Oman's Economic Substance Law requires companies to have personnel and offices in Oman.

Investors need to ensure that the company meets the economic substance requirements to avoid risks caused by violations.

Source of funds and compliance

Ensure that the source of funds is legal and reliable.

Comply with Oman's anti-money laundering and anti-terrorist financing laws and regulations.

Understand local business practices and culture

Oman's business practices and culture may differ from those of the investor's country.

During the registration and operation process, local business practices and culture must be respected to promote the smooth development of business.

Zhuoxin Enterprise provides agency services such as domestic and foreign company registration, bank account opening, annual tax review, agency accounting, trademark registration, ODI overseas investment filing, etc. If you have any business needs in this regard, please feel free to consult our online customer service!