Oman is otherwise said to be the Sultanate of Oman, which has strategically located their growing business centre. It’s one among the growing GCC nations to establish home to foreign expats with many business opportunities.

The Omani government supported the nation’s development and took multiple steps to grab more foreign investors and give comfort to foreign expats.

If you plan to diversify the business towards an international level, you can count on Oman. Here you can learn why to choose Oman as the investment location.

Oman makes a phenomenal transformation in Oman’s economic and social structure. It gets revenues from oil production that fuel the economy.

Diversification is the government’s priority that is placed on tourism that serves the main source of revenue.

Oman has many free zones to diversify the economy, increase the international business of the country, besides the oil industry. Free trade zones are Sohar, Al Mazunah, Duqm SEZ, and Salalah.

Industries can operate in free trade zones like import and export, manufacturing, assembling and manufacturing, and warehousing and storage. Blackswan can help you in Oman Company Incorporation service. Just fill u the form below and request Oman Company Incorporation cost.

Advantages Of Company Incorporation In Oman

Oman has plenty of business potential and investments in industries like fisheries, mining, logistics and manufacturing and many more. Government encourages the foreign direct investment and free zones to promote the business-friendly economic environment to lure foreign entrepreneurs to do business in Oman. Black Swan can help you in end to end company incorporation process in Oman free zone and Oman Mainland.

Oman provides opportunities for investors to become an investment partner, and a long term business for company formation in Oman.

Reason To Incorporate A Company In Oman

Oman’s contemporary trading approach and economic strength makes it an attractive place for conducting business in the logistics sector. The government of Oman has international trade agreements with several countries, this increases the prospect of foreign investment and overall businesses of all sizes.

Types Of Entity Options In Oman

There are many legal forms in the Omani company like Branch Office, LLC, Representative Office, Free Zones, Sole Establishment, and Commercial Agent. The LLC is the commonly used vehicle to set up in Oman as the foreign investor. Also, the only choice for several business activities.

LLC is formed by the maximum of 50 shareholders where the liability is limited to the shares of the company’s capital. A least of 30% shares of the company must be owned by Omani National or must be the complete Omani owned company.

Mainland Legal Structures

We have an in-depth knowledge on government regulations & international standards along with the experience on the Middle East market to grow the company formation process. We can deliver value services to benefit our clients. Our management team can offer a personalized service to every client.

LLC Incorporation In Oman

LLC is the commonly used business entity in Oman. It forms quickly, straightforward, relaxed share capital and easy banking. The business runs under a company name and the company’s ownership is in the form of shares in the capital of a company. The liability for every shareholder is limited to a portion of their own capital contributions.

Sole Establishment

The Sole Establishment is a straightforward business where the individual trades in his own account to the trade license issued under his name. This kind of business entity is known as ‘Establishment’ apart from the company and sole proprietor who is personally liable to his assets for the business liabilities.

Branch Office

To get a complete foreign ownership, you have to establish the Branch Office, which is the legal part of its parent company.

Local Sponsorship

Oman is flourishing in economic growth and encourages foreign businesses to invest in their country. These foreign citizens can open the business in Oman, though there are many limitations seen.

Free Zones In Oman

The foreign investor can set up the company in Oman in mainland or free zones. These free zone authorities can register and issue the business license to non-resident companies of the Omani free zone. It permits the corporate structures to have the physical presence in Oman with a complete foreign ownership and provides prebuilt facilities, one stop-shop registration along with administrative services.

There are two special economic zones and three free zones to attract foreign investments in Oman. Every zone had their own incentives like Import Duty exemptions, Tax Holidays, 100% foreign ownership and Waiver on initial capital needs.

There are eight industrial estates like Rasyut, Sohar, Rusayl, Nizwa Al Buraimi, Sur, Al Mazunah and Sumail to offer tax holidays, land rents, and exemptions of machinery and equipment.

Free Zones Incorporation in Oman

• Shohar free zone
• Salalah free zone
• Al Mazunah free zone

Special Economic Zones

• Knowledge Oasis Muscat
• Duqm SEZ

Tax Laws In Oman

Several aspects of Taxation in Oman are:

• Register with the Secretariat General of the Ministry of Finance for all taxable entities.
• The provisional return of income tax should be filed within 3 months as applicable on the accounting period.
• The tax rate of 12% is applicable for companies and the profit of OMR 30,000 is exempted from tax.
• Final tax return should be filed within 6 months on the applicable accounting period.

Indirect Tax In Oman

• Oman doesn’t impose Sales Tax, VAT, or Property Tax, plans implemented for VAT at a rate of 5% from April 2021.
• 3% of stamp duty is levied for real estate transactions.
• Import duty of 5% in GCC countries on goods that enter Oman.

Personal Tax

• Oman has no personal income tax.