Oman fast business set up solutions

Oman business set up can be time consuming for non-GCC investors. Multinational Clients should expect to legally conduct business in Oman within four months. Sometimes, however, our Clients need a faster workaround solution, perhaps because a contract is time-dependent.

  • Fast Oman nominee solution

    • Healy Consultants can offer a fast nominee solution for our multinational Clients;
    • Utilizing the fast nominee structure, our Client can sign contracts and begin trading in Oman within just one month (see summary table below);
    • We do this by incorporating a new Oman company using Healy Consultants Group PLC’s professional, passive nominee shareholders and directors and bank signatory.
  • Comparison of each corporate strategy

    QuestionFast Nominee SolutionRegister a new business
    Our recommended order of preference12
    How soon can company issue invoices to customers?4 weeks3-4 months
    How soon can our Client legally sign sales contracts with local customers?4 weeks3-4 months
    How soon can our Client lease permanent office premises and warehouse?4 weeks3-4 months
    How soon can our Client recruit local and expatriate staff?5 weeks4 months
    Estimated total cost of this engagement (US$)48,45028,900
    Paid up share capital required (in US$)11
    How soon can we supply Client a bank a/c number?6 weeks3 months
    Physical office must be leased during co. reg.?YesYes
    Must apply for tax numbers?YesYes
    Must apply for an import\export license?YesYes
    Must apply for a regulatory license?YesYes
    Foreign investment Government approval required before legally conducting business?YesYes
    How long to appoint Client’s preferred corporate structure?3 months3 months
    Total period to finish the engagement?5 months4 months
    Draft sales invoiceView invoice PDFView invoice PDF
  • Advantages of a fast Oman nominee solution

    • Within 4 weeks, multi-national Clients can legally conduct business in Oman;
    • Our Client does not have to travel to Oman for company registration and multi-currency corporate bank account opening;
    • Our Client can immediately recruit staff once business registration is complete;
    • The entity is will be registered for tax, including payroll, corporation tax, sales taxes;
    • Administrative tasks which cause delays are completed after business set up, rather than before company registration;
    • Applying for an additional regulatory licence is not always required.
  • Disadvantages of a fast Oman nominee solution

    • It is an expensive solution;
    • It takes eight weeks to change the business activity and company name;
    • It takes eight weeks to appoint our Clients’ preferred shareholders and directors;
    • It takes 12 weeks to appoint our Clients’ preferred bank signatory;
    • It takes two weeks to ensure the entity is clean and dormant;
    • Government foreign investment approval is required.
  • Steps to register a fast nominee Solution

    • Healy Consultants Group PLC’s Compliance Team receives the required corporate and personal due diligence from our Client;
    • Our Client signs and returns our engagement letter and settles our engagement fees;
    • We prepare a tailored detailed project plan;
    • We supply our Client with a detailed due diligence set of temporary professional, passive nominee shareholder, director and bank signatory of the new company;
    • Healy Consultants Group PLC registers the Oman LLC with our temporary professional, passive nominees and injects the paid-up share capital to a temporary multi-currency corporate bank account;
    • Healy Consultants Group PLC registers our Client’s company for tax;
    • Healy Consultants Group PLC emails our Client a template customer sales invoice to use to ensure compliance with Oman commercial laws. This template includes i) a company name and number ii) a company office address iii) a corporate bank account number and iv) a tax number. At this point, our Client is legally able to conduct business in Oman;
    • If required, Healy Consultants Group PLC will apply for i) a specific regulatory licence and ii) an import/export licence;
    • Healy Consultants Group PLC’s nominees will act as a temporary bank signatory to secure corporate bank account numbers from an Oman bank;
    • Healy Consultants Group PLC prepares and e-mails our Client the required documents to appoint new directors and shareholders including i) the legal share allotment and legal share transfer ii) the change of company address (if required) and iii) the lease agreement in Oman;
    • Our Client reviews and signs the documents in front of the Oman Embassy or Consular mission in his country of residence before couriering the same back to Healy Consultants Group PLC;
    • After receiving legalised documents, Healy Consultants Group PLC’s Company Secretary Team submits the documents together with an application to purchase shares to the Ministry of Industry and Commerce (MoCI);
    • If required, we will apply for a Foreign Investment Approval Certificate from the MoCI;
    • Following a review of the foreign investment license application, MOCI may revert to Healy Consultants Group PLC for additional information. Healy Consultants Group PLC and our Client provides the same in a timely manner;
    • MoCI approves the foreign shareholder to purchase shares in the local company. Immediately after, Healy Consultants Group PLC submits an application to MoCI to amend the M&AA;
    • The MoCI issues the amended M&AA, showing the new shareholder, company name, business activity and charter capital;
    • Immediately after, we e-mail our Client i) investment certificate confirmation ii) new M&AA showing the appointment of the new foreign shareholders and directors;
    • Healy Consultants Group PLC’s Oman Banking Team proceeds to begin transfer of the corporate bank account signatory rights to our Client;
    • There is a 50% chance that the bank will ask the new bank signatory to travel for a one-hour interview to Oman. As always, Healy Consultants Group PLC will aggressively negotiate for a travel exemption, asking the bank to conduct a Skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Oman;
    • Healy Consultants Group PLC’s Banking Team and our Client attends a meeting with the Oman bank to appoint our Client as the new bank signatory and submit the corporate bank package containing:
      • Signed appointment of bank signatory forms;
      • Client’s passport copy and proof of address;
      • Oman company kit;
      • Other Client due diligence.
    • Following a review of the corporate bank account signatory change application, the bank(s) may revert to us for additional information. Healy Consultants Group PLC and our Client provides the same in a timely manner;
    • The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to our office or to our Client directly. If sent to us, we will activate internet banking on our Client’s behalf;
    • Healy Consultants Group PLC will courier the following to our Client i) Company kit containing original Oman corporate documents ii) the banking kit and iii) Healy Consultants Group PLC Customer Satisfaction Survey;
    • We successfully complete our Client’s engagement.

Contact us

For additional information on our fast 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!