Oman company registration

DOING BUSINESS IN OMAN IN 2023

Since 2003, Healy Consultants Group PLC has been efficiently and effectively assisting our Clients with i) Oman business registration ii) business licensing iii) Oman business banking solutions iv) visa options and staff recruitment strategies and v) workspace rent.

Compare different Oman entities	100% Foreign Owned LLC	70% Foreign Owned LLC	Free zone company	Branch company	Representative office	Commercial Agency
Best use of company?	General Trading	Consultancy	Export hub	Government projects	Research and marketing	General Trading
Legally tax exempt if properly structured?	No	No	Yes	No	Yes	No
Corporate bank account location?	Arab Bank	HSBC	Bank Sohar	Ahli bank	HSBC	Ahli bank
Client must travel for incorporation?	No	No	No	No	No	No
Client must travel for bank account?	Yes	Yes	Yes	Yes	Yes	Yes
Can secure trade finance?	Yes	Yes	Yes	Yes	No	No
Limited liability entity?	Yes	Yes	Yes	No	No	Yes
VAT payable on sales to local customers	In 2021	In 2021	In 2021	In 2021	N/A	In 2021
Withholding tax on overseas shareholders' payment?	0%	0%	0%	0%	0%	0%
Average total engagement costs?	US$38,119	US$29,550	US$29,800	US$33,850	US$27,450	US$15,100
Average total engagement period?	14 weeks	14 weeks	16 weeks	16 weeks	16 weeks	12 weeks

See full table

Accounting and tax considerations	100% Foreign Owned LLC	70% Foreign Owned LLC	Free zone company	Branch company	Representative office	Commercial Agency
Statutory corporation tax payable?	15%	15%	0%	15%	0%	15%
Must file an annual tax return?	Yes	Yes	Yes	Yes	Yes	Yes
Must file annual financial statements?	Yes	Yes	Yes	Yes	Yes	Yes
Investment income is legally tax exempt in Oman?	No	No	No	No	No	No
Access to double taxation treaties?	Yes	Yes	No	No	No	Yes
Monthly VAT reporting to the Government?	No	No	No	No	No	No
Dividends received are legally tax exempt?	No	No	No	No	No	No
Company registration	100% Foreign Owned LLC	70% Foreign Owned LLC	Free zone company	Branch company	Representative office	Commercial Agency
Resident director required?	No	No	No	No	No	No
Minimum number of shareholders?	1	1	1	Parent company	Parent company	No
Minimum number of directors?	1	1	1	0	0	No
Minimum paid up share capital?	US$1	US$1	US$1	None	None	None
Oman PRO required?	Yes	Yes	Yes	Yes	Yes	Yes
Time to incorporate a new entity?	4 weeks	4 weeks	4 weeks	6 weeks	5 weeks	4 weeks
Can easily convert to a local PLC company?	Yes	Yes	No	No	No	No
Can have preference shareholders?	Yes	Yes	No	No	No	No
Business considerations	100% Foreign Owned LLC	70% Foreign Owned LLC	Free zone company	Branch company	Representative office	Commercial Agency
Can invoice local customers?	Yes	Yes	No	Yes	No	Yes
Can hire local staff?	Yes	Yes	Yes	Yes	Yes	Yes
Can rent local office space?	Yes	Yes	Within Free Zone	Yes	Yes	Yes
Secures a residence visa for business owner?	Yes	Yes	Yes	Yes	Yes	Yes
Good entity for trademark registration?	Yes	Yes	Yes	No	No	No

Oman has signed free trade agreements?	Yes
This country is a member of WIPO?	Yes
This country is a member of TRIPS?	Yes
The country is a member of the ICSID?	Yes
Average customs duties suffered?	5%
Government foreign investment approval is required?	Yes
Average monthly office rental? (US$ per sq m)	US$18
Minimum statutory monthly salary?	US$592
Average monthly US$ salary for local employees?	US$4,622
Overseas remittance currency controls?	No
Public register of shareholders and directors?	Yes
Multi-currency bank accounts available?	Yes
Corporate visa debit cards available?	Yes
Online banking and bank support in English?	Yes
Quality of e-banking platform?	Good
Crowd funding available in this country?	Yes

Frequently asked questions

Tell us what you need - we’ll send you a customised proposal in 5 hours!

To help us engineer the optimum Oman corporate structure, please complete the 3-minute questionnaire below; then press the submit button below.

This data remains confidential and is not sold to third-parties.

Within 5 hours, one of our senior staff will ring or email you:

Company purpose?
Will the LLC be a trading company or a holding company?
Will the entity be a subsidiary of a foreign company?
The LLC will be tax resident? Having local customers and local staff and local suppliers?
The entity will receive investment income or professional services fees or sales from trading with multi-national customers?
Is double taxation treaty access important?
Do you need our help to legally minimize your international tax obligations?
Do you need our help to increase e-commerce sales (click link)?
Company structure?
Will the shareholders be individuals or corporate?

In what country do you require a corporate bank account? Refer to this web page (click link) for ideas

Do you need multi-currency corporate visa debit cards?

Do you need a resident director?

Nationality of shareholders and directors?
Expected annual sales and net profits?
Does the entity need a special regulatory license or import or export license?
Additional comments?
Tell us about your existing business?
Name of your existing company?
Your business web site address?
What products and services does your company supply?
How many years are you operating this business?
Is your Firm regulated by a Government agency?
In what country are the majority of your customers?

In what country are the majority of your suppliers?
Tell us about you?
Your name?
Your email address?
What country are you based in?

Specifically, what deliverables (click link) do you need?
What is your US$ budget for the services you need?
What does quality customer service mean to you?
How do we contact you?
For now, do you prefer Healy Consultants PLC staff to phone you, or just email reply you with some corporate solutions?
If a phone call, on what number can our senior Consultant call you?
If an email, what email address can our Consultant email you at?
What alternative email address can our Consultant email you at?
What is your preferred date and time for a phone call?
In what language do you prefer we communicate with you?
What matters would you like to discuss during the call; the agenda?

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Global business set up experts

DOING BUSINESS IN OMAN IN 2023

Frequently asked questions

Is it mandatory to have a resident director or shareholder for company establishment in Oman?

Can my company set up a subsidiary in Oman?

Do I have to visit Oman to start a company in Oman?

Tell us what you need - we’ll send you a customised proposal in 5 hours!

Company purpose?

Company structure?

Tell us about your existing business?

Tell us about you?

How do we contact you?

Useful links for Oman

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