Oman, as an important economy in the Middle East, attracts a large number of Chinese investors with its friendly business environment, favorable tax policies and stable political environment. Now is the best time to register an Oman company to expand your global business and enhance your brand image. Choose Zhuoxin Enterprise, we will provide you with a full range of one-stop services, from choosing the company type to completing tax registration, making your Oman company registration journey easy and worry-free.

Table of Contents

Oman Company Registration Types Oman Company Registration Process Oman company registration time Oman company registration costs Taxation in Oman Oman investment advantages

Oman Company Registration Types

The specific requirements for company registration in Oman vary depending on the needs of Chinese investors. The following are several common types of companies and the basic materials required for registration:

Limited Liability Company (LLC)

Suitable for small and medium-sized enterprises.

Capital: The minimum registered capital is 20,000 Omani riyals.

Shareholders and directors: At least two shareholders and one director are required.

Registered address: Must have a registered address in Oman.

Registration information: Articles of association, list of directors and shareholders, proof of registered address, etc.

Joint Stock Company (JSC)

Suitable for large enterprises or companies planning to go public.

Capital: The minimum registered capital is 150,000 Omani riyals.

Shareholders and directors: At least three shareholders and three directors are required.

Registered address: Must have a registered address in Oman.

Registration information: Articles of association, list of directors and shareholders, proof of registered address, etc.

Oman Company Registration Process

Determine the company type

Choose company type: Common company types in Oman include Limited Liability Company (LLC) and Joint Stock Company (JSC).

Company name and office address

Choose and register a company name: Make sure there are no duplicate company names. You can search for them at the Ministry of Commerce and Industry (MOCI).

Registered address: You need to have a legal registered address in Oman, which can be a shared office space.

Prepare registration documents

Registration documents: including articles of association, list of shareholders, list of directors, etc.

Notarization and translation: If the document is in a foreign language, it needs to be translated and notarized.

Open a bank account

Pre-deposited capital: open a bank account and deposit the registered capital.

Bank confirmation: The bank confirms the arrival of funds.

Company registration application

Submit registration application: Submit all documents to the Oman Ministry of Commerce (MOCI).

Review: The Ministry of Commerce conducts a review and issues a company registration certificate.

Tax registration

Apply for tax registration: After registration, you need to register for tax with the Oman Tax Authority.

Social insurance and labor insurance registration

Social insurance and labor insurance: The company needs to arrange social insurance and labor insurance for its employees.

Other matters

Company seal: In Oman, companies need to have a seal to sign contracts and documents.

Oman company registration time

The entire registration process takes about 4-8 weeks, depending on the progress of each step and the processing time of the relevant departments. With the professional support of Zhuoxin Enterprise, you can ensure that each step goes smoothly, speed up the registration process, and quickly enter the Omani market.

Oman company registration costs

When registering a company in Oman, Chinese investors need to understand and estimate a series of related fees. The following are the main fee categories and descriptions:

Capital

Registered capital: Oman has clear requirements for the minimum registered capital, which is 20,000 Omani riyals for a limited liability company (LLC) and 150,000 Omani riyals for a joint stock company (JSC).

Registration Fees

Registration Fee: Registration fee is required for both LLC and JSC.

Stamp Duty: Stamp Duty is required for the Articles of Incorporation.

Notarization and translation fees

Document translation: The company's articles of association, shareholder and director lists and other documents need to be translated, and the cost depends on the number of documents and the translation company's fee standards.

Notarization fees: Foreign documents need to be notarized, and the cost depends on the number of documents and the notary office's fee standards.

Office Address

Rental costs: The cost of renting an office address depends on the city and specific location, and the rental costs vary from region to region.

Registering a virtual address: Using a virtual office address can reduce costs, and the specific costs are more flexible.

Open a bank account

Bank account opening fees: Some banks may charge account opening fees, the specific amount depends on the bank's policy.

Consulting and agency services

Company registration agency fee: If you choose a third-party agency to assist in registration, the fee will vary depending on the service content and company size.

Legal and tax consulting fees: Legal and tax consulting fees depend on service time and specific needs.

Making a seal

Company seal: In Oman, companies need to have a seal to sign contracts and documents, and corresponding fees must be paid for the production of the seal.

Other expenses

Miscellaneous expenses: may include postage, transportation fees, etc., depending on actual circumstances.

Cost Summary
The overall cost of registering a company in Oman varies depending on the size of the company and specific needs. In order to get a more accurate understanding of the specific costs, Chinese investors are advised to consult us in detail before registration. Zhuoxin Enterprise will provide you with professional support throughout the process to ensure that the registration process goes smoothly.

Taxation in Oman

Corporate Income Tax

Tax rate: The standard corporate income tax rate is 15%.

Tax obligations: Companies are required to declare and pay corporate income tax annually.

Value Added Tax (VAT)

Tax rate: The standard rate is 5%.

Tax obligations: Companies are required to declare and pay VAT monthly or quarterly.

Other taxes

Capital gains tax: Applies to the value added on the sale of assets.

Dividend tax: The tax rate is 10%.

Oman investment advantages

Permanent residence opportunities

Every year, a large number of foreign investors obtain work visas by registering companies in Oman and gradually apply for long-term residence. This provides investors and their families with the opportunity to live and work in Oman for a long time.

Technology and Innovation Center

Oman ranks among the top in the Global Innovation Index, and its R&D investment increases year by year. Every year, Oman invests billions of Omani riyals in R&D, providing strong technical support and innovation environment for enterprises.

High-quality labor force

Oman trains a large number of professional talents in engineering, science and technology every year. Oman's labor force ranks among the top in the global competitiveness report, with high technical capabilities and professional qualities, providing strong intellectual support for enterprises.

Excellent trade environment

Oman has signed free trade agreements with many countries and regions, covering many major markets in the world. These agreements provide companies with a wide range of trade preferences and market access opportunities.

Large consumer market

Oman has a population of about 5 million and a per capita GDP of more than US$15,000 in 2019. The consumer market with high purchasing power provides great potential for the growth of corporate business.

Government support policies

Data support: The Omani government provides a variety of tax incentives and investment incentives every year to attract foreign investment. For example, high-tech enterprises can enjoy corporate income tax exemptions, and R&D investment can enjoy tax credits.

Perfect infrastructure

Oman ranks among the top in the global logistics performance index, with perfect infrastructure and high logistics efficiency, ensuring efficient and convenient business operations. Oman's port and airport network is world-class, providing companies with convenient logistics solutions.

Brand value enhancement

Data support: Setting up a company in Oman can significantly enhance the international image and brand value of a company. As a representative of global high quality and innovation, Oman will add credibility and attractiveness to your brand.

Stable economic growth

Oman is one of the important economies in the Middle East, with a total GDP of US$77 billion in 2019. Oman's economic environment is stable and political risks are low, providing a safe and reliable investment environment to ensure the long-term development of enterprises.