LLC Company Formation Service in Oman
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LLC Company Registration Consultant in Oman
LLC Company formation in Oman : Individuals planning to make investments and earn profits from the same have always found Oman to be an ideal investment destination. When setting up a business in Oman, there is a need to comply with the different rules and regulations that governs foreign business activities here, especially Foreign Capital Investment Law. The investor trying to set up a business in Oman and make presence felt here do have several options to choose from. The appropriate entity is one which will depend upon the business size, involved parties and desired shareholder base meant for the business.
The most popular business incorporation formed in Oman is the LLC (Limited Liability Company). Each partner is said to be liable only for his share extent in the business. In Oman, public subscription to raise capital under the LLC company is not allowed. Small operations having limited promoter numbers will suit LLC structure.
LLC company Features in Oman
- There needs to be at least 2 and maximum shareholders
- OR 150,000 is the least capital requirement
- Foreign shareholder in the company can be around 70% of shares except for individuals from the USA or GCC countries, having permission to own 100% of shareholding
- Appointing an advisor accredited to Oman is mandatory
- There will also need to be appointed one director, who can also be the shareholder and director of the LLC
Steps to establish LLC in Oman
LLC company formation in Oman. Have a glance at some Steps to establish LLC in Oman. The commonly formed business entity by foreigners who seek to start business in Oman to carry out different manufacturing and trading activities is Omani LLC. You need to follow a specific process as set by the concerned Omani authorities to set up a business. company registration procedure in Oman is given below
Name Reservation: The MCI (Commerce & Industry Ministry) approves your company name. a new company, as per Omani Law is not to share same name like its existing company. Moreover, the MCI needs companies using certain words like ‘Oman’ within their name to have higher initial share capital.
MCI Application: The application involves preparation and submission of the given below documents
- Omani Shareholder Documents, Every shareholder needs to provide the registration certificate, MCI computer printout, OCCI (Oman Chamber of Commerce & Industry) certificate and authorized signatory form, including shareholders’ resolution
- Foreign Shareholder Documents, In case of corporate entity, every shareholder is to provide constitutional documents, power of attorney, incorporation certificate and board resolution
- Bank Certificate, It needs to be obtained from an established bank in the Sultanate of Oman, to comply with LLC capital requirements as compliance evidence
- Authorized signatory form and constitutive contract forming part of the LLC’s constitutional documents
OCCI Registration: In the registration procedure, it is perhaps the most vital step to be followed and immediately obtained after registration evaluation is completed by the MIC of your company. Then, the certificate is approved.
Other Approvals: Depending upon the intended business activities of the LLC, there may be required further government approvals.
Post Registration: On approval of LLC registration, you can obtain necessary certificates from Ministry. Then you are to obtain the following documents
- Tax Registration
- Municipality License
- Registration with Manpower Ministry to apply for visas and labor clearances
- Registration with Oman Royal Police
- Depending upon nature of business, there will be required Environmental, Industrial and other relevant licenses and permits
- Depending upon nature of business, there may be required export/import license
Some documents required for LLC company formation in Oman
The given below are list of documents required for LLC company formation in Oman. You can register LLC company in Oman with the below documents. To submit Application Form at the MIC, there will be required the following documents
- Shareholders’ identity cards of passport copy
- All designated authorized signatories’ identity cards or passport copy
- Approved authorized signatory form having sample signatures against names of every authorized signatory reproduced
- Depending upon company’s activities, application is to be made for specific licenses
- Standard company registration forms which includes Articles of Association and Constitutive Contract
- Bank to provide initial capital deposit certificate
For Lease Agreement
- If applicable, then Agency Certification
- Company statutes including Articles & Memorandum of Association
- Company lease agreement
- Affiliation Certificate from Chamber of Industry & Commerce
Why choose us?
At OCR, we have the necessary expertise , exposure and experience in LLC company formation in Oman and to guide you to start your very own business in the Sultanate of Oman. Our certified and knowledgeable advisors can provide you with valuable and timely advice on the most appropriate type of company that you can form, taking into consideration the existing laws of Oman, as well as your unique, diverse business requirements. We offer end to end support in LLC Company registration / formation in oman.