opening company in Oman

Member since 15 July 2020

BeatrisamMember15 July 2020 16:22:28

hello everyone, we are planing to move to oman asap, i have one question please.does anyone know if i still need a local sponsor to can open a company either llc or partnership?should i trust the online company who provide you the facilities to open for you a company and taking care about all steps?
thanks in advance

Anou86 ViP

Member since 20 July 2020

Anou86ViP25 July 2020 04:56:41

1047

Hi Beatrisam,

Do you have any previous experience in doing business in the Middle East ?

Yezinn Active member

Member since 22 June 2018

YezinnActive member27 July 2020 10:35:22

Hi,

At present, the policies of Omani government are foreign investment friendly. the rules and regulations for doing business in Oman are much more relaxed and offer lot of incentives for FDI. One of the recent changes that made to encourage foreign investment in Oman is to scrap away the requirement of having a local partner in the company except few business activities i.e. barber shop, tailoring, natural resources ...etc.

Thus, to answer to your query, yes ...presently a foreign investor can establish a company with 100% ownership and do business except few business activities which are reserved for Omanis only. Take precaution before you engage with any online service provider for formation work and do your back ground check accordingly. If you need help, you can contact me in my private message box, I will be happy to provide more info.

Hope it helps!