A foreign company that has entered into a contract with a government entity or quasi-government entity is entitled to register and operate in Oman as a foreign branch. It is a popular way for foreign companies to benefit from 100 percent foreign ownership. The branch office is a branch of the parent company. Accordingly, this kind of corporate entity requires neither share capital nor a local partner, and the foreign company remains liable for all of the debts and other liabilities of the branch office.
The branch period is limited to the period of the project which shall be sufficient for its execution in Oman, and accordingly it is not permitted to carry out any other type of work in the private sector. The activities of the branch must be similar to the activities of its parent company and it is not permitted to carry out any other activity unless approved first by the parent company and registered with the Ministry of Commerce and Industry.
For more information on setting up or expanding your business in Oman click on the links to the right. You can also download a guide to company formation in Oman. Alternative please a member of our team who will be happy speak with you to discuss your requirements – call us direct on +971 2 694 8535.