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.
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