Company Formation in Oman

• Choose the legal structure: The most common forms are Limited Liability Company (LLC) or Joint Stock Company. Consider factors like liability, number of shareholders, etc.
• Name approval: Check if the desired name is available. Submit a name reservation application to the Ministry of Commerce and Industry (MOCI).
• Initial approval: Obtain initial approval from the MOCI by submitting the required documents.
• Prepare company documents: Draft the Articles of Association, establish contracts, and any special company contracts.
• Minimum capital requirement: Deposit minimum share capital in company bank account – OMR 20,000 for LLC, OMR 500,000 for SAOC.
• Appoint an authorized signatory and manager (for LLC). Appoint a board of directors and publish particulars (for SAOC).
• Register with the Oman Chamber of Commerce and Industry. Obtain a registration certificate.
• Apply for company registration within 60 days of reserving your name. Submit the registration application along with all documents and fees.
• Obtain a trade license from MOCI within 30 days of incorporation.

Note that the amount and the rules and regulations tend to change. Hence, it is best to choose service providers like Best Legal who will handle all the formalities and procedures so that you can focus on other responsibilities.

Choosing the right partner for business setup in Oman is a critical decision that can significantly impact the success of your venture. Best Legal stands out as the ideal choice for several reasons, ensuring a seamless and successful company formation process.

• Expert Oman Business Setup Services: Best Legal specializes in comprehensive business setup services in Oman offering expertise in navigating the complexities of the local regulatory landscape.
• Efficient Company Formation: Best Legal ensures an efficient and streamlined process for company formation in Oman, reducing the time and effort required for entrepreneurs.
• Mandatory Company Registration Mastery: With a deep understanding of Oman’s regulatory requirements, Best Legal excels in guiding entrepreneurs through mandatory company registration procedures.
• Tailored Business Setup Solutions: Best Legal provides customized solutions to meet the unique needs of each business, assisting in selecting the right business structure and navigating specific industry regulations.
• In-Depth Knowledge of Oman’s Business Environment: The team at Best Legal possesses extensive knowledge of the Oman business environment, offering insightful advice and guidance to ensure informed business decisions.
• Legal Compliance Assurance: Best Legal places a strong emphasis on legal compliance, assuring entrepreneurs that every aspect of the business setup adheres to Oman’s regulatory framework.
• 25 Years of Proven Expertise: With 25 years of experience, Best Legal brings a wealth of expertise to the table, guiding businesses with a proven track record of success in Oman.
• Quick 1-Hour Notarization Process: Best Legal distinguishes itself with a quick 1-hour notarization process, expediting the legal documentation stage and saving valuable time for entrepreneurs.

Choosing the Best Legal for business setup in Oman ensures a strategic partnership that combines efficiency, expertise, and a commitment to legal compliance, positioning businesses for success in the dynamic Omani market.