Types Of Setting A Limited Liability Company In Oman

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Business set up process and requirement in Oman Establishment of Business Foreign companies and individual investors those who wish to set up a business and run the operation in Oman must follow one of the following five forms such as Limited Liability Company (LLC), Joint stock company, Branch, Commercial Agency, Commercial Representative Office. Limited Liability Company (LLC) In terms of forming a limited liability company in Oman, foreign individuals or company investors need to find an Omani partner with a minimum 30% holding share where minimum OMR 150,000 ($390,000) is required as capital in the registration purpose for limited liability company with foreign participation. It is…show more content…
Branch Executing is the purpose of the foreign companies and they may register a branch in Oman only to execute a contract with the government or a quasigovernment body. The most important thing is registering as branch is limited to the duration of the underlying contract, but special dispensation may be given without a government or semi-government contract in terms of setting up a branch in Oman. If the activity is deemed by the Council of Ministers to be of national importance, in that case it could be allowed. Commercial Agency Foreign companies get the preference in setting up business without commercial registration in Oman and running business through commercial agents. Under the Commercial Agency Law in Oman, the agency agreements are formally registered with the Ministry of Commerce and Industry (MOCI) which is recommended. Commercial Representative Office In the purpose of marketing and promotion of a certain company’s product or service, a foreign firm may open a commercial representative office solely in Oman and the representative office is not allowed to sell products or services or to engage in other forms of commercial activity which is recommended. On the other hand, a representative office may sponsor and hire
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