Sole Establishment company in Oman, Sole Partnership Company in Oman

SOLE ESTABLISHMENT

Registering a sole proprietorship in Oman requires fewer steps than other business entities with more complex structures as it is an individual owner. A sole proprietorship in Oman is typically only available for Oman or GCC Nationals and requires OMR 3,000 founding capital.

Sole Establishments in Oman

A Sole Establishment is a simple and straightforward business structure whereby an individual trades on his own pursuant to a trade licence issued in his own name. This form of business entity is referred to as an ‘establishment’ rather than a company and the sole proprietor is personally liable to the full extent of his assets for the liabilities of the business. The establishment will not have an independent legal entity from that of the owner. Mainly Omani, GCC and US nationals (subject to certain conditions) are permitted to form sole proprietorships in Oman.

How is a Sole Establishment in Oman Set Up and Structured?

The main procedure for setting up a Sole Establishment is to submit an application together with the relevant documents to the Ministry of Commerce and Industry where the Chamber of Commerce and the Municipality is represented and can issue the relevant licences. The main trade licence is issued by the Ministry of Commerce and Industry.

More Information About Sole Establishments Oman:

Single person owned
No restriction to start or close
Owner holds complete control
Lower cost of formation and compliance
Unlimited liability is borne by the owner
Profits and losses are borne by the owner
No special legislation
Each Sole Establishment requires a local Omani to be the company’s Government Liaison Officer. GLO has no equity participation or liability for the business, nor can the person represent the Branch Office or participate in its management.

Advantages of PRO Partner Group being your GLO service provider:

As your service provider, we will use our experience to handle all the necessary paperwork to establish your business in a timely manner. This includes applying for visas, licences, obtaining labour quotas, translation services and assisting with the opening of corporate bank accounts.
Fixed fee.
Full management team on hand 24/7.
Suitable for entrepreneurs, SMEs and MNCs entering the Oman market.

Honest answers, transparency, reliability and realistic timeframes, enabling you to be fully informed at all times.