OMAN COMPANY SET UP & REGISTRATION
There are various legal forms that a company in Oman can take such as Limited Liability Company (LLC), Branch Office, Representative Office, Sole Establishment, Partnerships, Joint Stock Company, Holding Company, Free Zones and Commercial Agent (Exclusive Distributor). An LLC is the most common vehicle for setting up in Oman as a foreign investor and is often the only choice for many business activities. Many company types can now be 100% foreign owned due to an update in legislation in January of 2020.
Setting up a business in Oman involves a clear and structured process. Initially, businesses must register with the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP), where they obtain the necessary trade name and complete the business registration formalities. This includes choosing the appropriate legal form for the company.
Following registration, businesses must obtain the relevant licences from various governmental bodies, depending on the business activity and sector. For instance, manufacturing companies may require additional approvals from environmental and health safety authorities.
Additionally, for specific sectors such as logistics, telecommunications, and healthcare, companies must navigate through specific procedural steps that involve feasibility studies, preliminary approvals, and sector-specific licences.