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Legal Forms of Companies

Limited liability company
Number of partners: Minimum: Two partners, Maximum: 40 shareholders
One of the two partners must be citizen of Oman, a GCC member state or the USA and hold at least 30% of shares.
No share restrictions apply when all partners are citizen of Oman, a GCC member state or the USA
Capital (max/min): Minimum: OMR 150,000 (for LLCs with foreign participation)
Minimum: OMR 20,000 (for LLCs that are 100% owned by Omani and GCC nationals, and US citizens
Shareholders and liability: Liability for each shareholder is limited to the portion of their own capital contributions
Wholly foreign-owned limited liability company
Number of partners: Minimum: Two shareholders, two directors (foreign nationals must seek special authorisation from the Ministry of Commerce and Industry with a detailed business plan to set up such a company)
Capital (max/min): Minimum: OMR 1 million
Shareholders and liability: Liability for each shareholder is limited to the portion of their own capital contributions
Free zone company
Number of partners: Minimum: One shareholder, one director
Capital (max/min): No minimum capital requirement
Shareholders and liability: Liability for each shareholder is limited to the portion of their own capital contributions
Joint stock company
Number of partners: Minimum: Three shareholders
A board of directors is also required
Capital (max/min): Minimum capital: OMD 500,000 (for privately held joint stock companies (SAOC)
Minimum capital: OMD 2 million (for publicly held joint stock companies (SAOG)
At least half of issued capital to be paid-up on subscription
Shareholders and liability: Liability for each shareholder is limited to the portion of their own capital contributions
Partnership (General or limited)
Number of partners: Minimum: Two partners (two full partners or one general and one limited partner)
Capital (max/min): Not applicable
Shareholders and liability: Full liability for general partner(s)
Liability for limited partner(s) is limited to the portion of their own capital contributions
The Competent Organisation
Directorate of Investors Services is a one stop shop that issues the commercial license required to perform any commercial activity. The application process is online; however, investors can also apply directly at the Ministry of Commerce and Industry.
Company directories
Afghanistan Central Business Registry
 
Setting Up a Company Oman Middle East & North Africa
Procedures (number) 4.0 6.3
Time (days) 4.3 19.5

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business website (World Bank), to know about procedures to start a Business in Oman.

Find out more about Operating a Business in Oman on GlobalTrade.net, the Directory for International Trade Service Providers.

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Actualitzacions: April 2022

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