Oman company registration

DOING BUSINESS IN OMAN IN 2022

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

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$26,040 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

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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

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Contact us

For additional information on our business registration services in Oman, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!