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Category Archives: company

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Setting up a Company in Fujairah
Categories Business, company, company formation

Setting up a Company in Fujairah

The main trading axis of ambitious entrepreneurs and capitalists is Fujairah Free Zone. This free zone area is an ideal hub for businesses because this place makes it very deliberate for any trading to bloom. This blooming makes business go higher and higher. The past 20 years have seen enormous businesses in Fujairah with ingenious entrepreneurs who are innovative and much thriving. The encouragement and stimulant government is giving out a lot of incentives and other benefits to these emerging entrepreneurs which also makes a business rush into the zone. A group of energetic and ingenious specialists issues encyclopedic business establishment solutions to business persons and capitalists who show interest in starting a company in free zone Fujairah. These experts concentrate on one motto and that motto is to guide people to start up companies, which in turn results in expanding and flourishing businesses all over the United Arab Emirates, particularly in free zone areas. These fully guided firms will have the ability to compete strongly with top companies.
Free Zone Company Setup & License in Ajman
Categories company, Free Zone, FREE ZONE COMPANY, License

Free Zone Company Setup & License in Ajman

Ajman is the developing city of the United Arab Emirates that has a promising economy and its government to expand and diversify its local market. Investors realize the potential of the emirate on becoming an economic hub. The emirate experiences infrastructural and economic growth. They are located at the Arabian Gulf, next to Sharjah and Dubai. It gives easy access to two international airports and four maritime ports for 24 hours in a day and 7 days in a week. Local ports experience increased activity that serves as a transport hub for international and local shipments. The business setup in Ajman becomes an increasing proposition to investors to involve in trade with small regional markets. You can look upon us to get experts help in company setup and license acquisition.

Comprehensive Business Solutions - Ajman Free Zone License

We combine industry experience with technical expertise. We've navigated to set up a company to expedite the process. Our in-house team can offer comprehensive end-to-end support to make your ground running. Here are the range of our services:
  • Company incorporation
  • Company registration
  • Marketing and advertising services
  • Professional document clearing services
  • Process and applying for a bank account
  • Application or visa renewal
  • Free zone license application

Benefits Of Business Setup In Ajman

To set up a company in the free zones of Ajman has lots of advantages. This type of establishment has reasonable cost of operations. Raw materials are available from local markets which stock up on resources and supplies to be affordable. The developed technological infrastructure availability has affordable office rental facilities. It's economical to avail business offices, corporate facilities, and warehouses equipped with cutting-edge technology for business in the city of Ajman. Local ports can be accessible with transportation of goods, either international or local, making it faster, easier and economical. This reduces operational costs and efforts while maximising your company’s return. These operational conditions can establish a company in Ajman. Build your empire to acquire the free zone license in Ajman. If you need to maximize your investment, start a company in the emirate of Ajman. Get in touch with us to establish a company in the emirate of Ajman. Related Links
Establishing a Completely Owned Foreign LLC company in Oman
Categories company, LLC COMPANY FORMATION, Oman

Establishing a Completely Owned Foreign LLC company in Oman

Oman is continuously involved in trading overseas linked with marine based dealing over watercrafts which navigates them easily to European, African and Asian shoreline areas. This marine business vessel has been going in Oman for many tens of years. Oman is considered as the third largest Arab country. Before the invention of oil rich basements, this country was popular for its agricultural economy. After its realization of the oil and gas market, it began to focus much on making the country industrialized. It made economic diversity by the early 1970’s into non oil based sectors by the leadership of the Sultan Quboos. He was also known for his many reforms in social and economic sectors. It also attracted many investors in foreign to come and lay business in Oman.

Steps of establishing foreign ownership LLC in Oman

  • Do choose your trade name first
  • Make application for the municipal business license in the selected business region
  • Oman Chamber of Commerce and Industry, called OCCI, is responsible for business activities. Thus, registration is mandatory with them.
  • Also, register with region localite Public Relation Office
  • Complete preparation of all documents to submit it error less
  • Pick your area of commerce. Lease an office space if needed, or a warehouse kind.
  • Commercial registration has also been done with the Ministry of Commerce & Industry.
  • Then, make registration with the customs office, MOM - Ministry Of Manpower, MOF - Ministry of Finance.
  • Design your seal for the company.

List of documents for establishment of completely owned foreign LLC company in Dubai

Below are the list of documents of your LLC company
  • AOA - Article of Association for foreigner investor and memorandum is to be prepared
  • Certification by tax registrar
  • Foreign investor’s board for resolution
  • Auditing accounts of yours for the past 3 years at least has to be submitted
  • Capital deposit amount receipt
  • Shareholders or investors passport copy
  • Required identity cards together with authority signs are must

All about Foreign branch office or incorporation of branch office in Oman

Initial process of any foreign company to set up its branch in Oman is to do registration with the Oman government. It can also enter by contracting with the Omani government. After registration, operation of foreign branches can be taken forward. No individual legal affair or endurable system is maintained for branch set up. Localite sponsor is required to provide the needed visas. Local agents will also be very helpful in guiding you throughout the registering and licensing process. Whether it is a corporate business firm or other registered firm, Oman maintains a steady and invariable income tax percentage. This income tax is the same for all businesses irrespective of what kind it is. Minimum amount of tax predicted is around 10 to 12%. Few LLC companies which have Oman ownership and hold few other conditions are met with 3 to 5% taxes. Highest tax is incorporated for petroleum outputs and any income which comes via petroleum based product sale are grouped under petrol tax. The tax rate here is 55% An average of 15% is the income tax amount for all company types including LLC companies. The only exception is for single ownership companies. Other than Omani government taxes and fees collected, no local or regional taxes are generated and collected.
Company Formation & Business Setup in Oman
Categories Business, Business Setup, company, company formation, Oman

Company Formation & Business Setup in Oman

Everyone needs a successful business and for starting a successful business a person should select an appropriate location. Now Oman is an appropriate Hub for companies who are planning to start an overseas company from any part of the world. Oman, also known as the Sultanate of Oman, is a strategically landing place for growing business. Oman is one of the top growing GCC nations and a place with plenty of domestic & international business opportunities. The Omani Government has taken multiple insatives & steps to make foregin companies & investors be a part of Oman’s developing economy. Multiple steps have been taken to attract Investors to Oman. If you are planning to divert your business to an international level, Oman is the right place. You will be reading on how you can setup or incorporate your business in Oman and also you can see different business structures to incorporate your business in oman.

Why should you Start a Business in Oman?

You can find a great transformation in Omans Social & Economic in past few years, attracting investors to invest for business in Oman. As we know oman receives a good revenue from oil and oil product related business which runs the economy to a great extend. We can also see that tourism business is emerging in Oman and all related businesses are emerging. Oman has developed several free zones to increase industrial related business and also to attract foreign investors, various companies are emerging beyond the oil industry. The free trade zones in Oman are located in Al Mazunah, Sohar, Salalah, and Duqm SEZ favouring the Logistic facility by Sea, Road & Air. In Oman Free Zone one card setup Industries which allow it to perform manufacturing, import & export, warehousing & storage, and manufacturing.

Types of Business Entities in Oman for Company Incorporation

The location of Oman is well-suited for the following business structures & Entities :
Sole Proprietorship Company in Oman
A sole proprietorship is a one-person company which can be opened with a single sole director and limited or no minimum paid-up share capital requirements. A proprietorship company is the most commonly used entity for foreigners planning to start or setup business in Oman via a simple corporate structure.
Joint Stock Company in Oman
With a minimum of three shareholders a joint-stock company can be formed in Oman. Joint-stock companies can be private or public. These companies can be incorporated by businesses who would like to be involved in large investment of funds or raising capital.
Limited Liability Company in Oman
An LLC company can have an Omani, GCC or USA shareholder. An Omani LLC is the commonly used entity for foreigners who are willing to register business in Oman
Joint Venture
A Joint Venture is an internal mutual agreement between two or more parties whereby one party can perform business in his/her personal name while the profits/losses of the business are shared. A Join venture company is not a legal entity and therefore Joint Venture Companies does not require any form of registration with, nor has protection from, the local authorities.
Holding Company
A holding company is an entity that owns at least 51% of the shares in one or more joint-stock or limited liability companies.

What are the Benefits of Business Setup in Oman

The good news is that the foregin investors have a great opportunity to invest in Oman and set up business. You will have several reasons to start a business in Oman. Given below are benefits of Company incorporation in Oman:
  • A strategic business location to do any business
  • Availability of natural resources within oman
  • Fast developing economy for growing business
  • Government support to boost new business & startups
  • You will have No personal tax
  • Exemptions Available in Oman
  • Oman Emerging business in the non-oil sector
  • Oman developing in tourism sector
  • Business-Friendly Relations with Neighboring Countries
  • World-class infrastructure globally ranked ports, airports, roads.
  • Tallent Pool with strong hold on Research and Development

How can you Start a Business in Oman?

Just like the UAE & other GCC countries, the Oman company incorporation process requires a list of steps. Before having an overview of the company setup process, let's discuss the company registration process in Oman.

Oman Company Registration Process

During Oman company registration process the business entity is given a physical platform to run or setup business. To start the business setup process, there are few steps that need to be followed strictly Now you can continue reading the steps related to the company incorporation and also the post incorporation process that has to be followed once you have decided to open a company in Oman.

Company Incorporation Process in Oman

Selection of Unique Trade Name in Oman
A trade name selected should be unique and related to the business. Decide the name which best matches your business / product or service which you are offering and submit the application to the Ministry of Commerce and Industry (MCI).
Documents to be submitted for Oman Company Incorporation
In the initial stage all the below documents are to be submitted for initiating the company registration process in oman. The essential documents required for oman company registration are:
  • Memorandum and Articles of Association
  • Shareholders’ Visas and Passports
  • Tax Registration Certificate
  • Identity Card of Shareholders
  • Certificate of Initial Deposit
  • Filed Company Registration Form
  • Chamber of Commerce and Industry Affiliation Certificate
Corporate bank Account Opening
Once all the incorporation documents have been submitted, a capital corporate bank account needs to be opened to deposit the initial incorporation fee.
Register with Oman Chamber of Commerce
Its to be registered with the Oman Chamber of Commerce and Industry (OCCI) for all compliance with the Oman commercial rules and regulation required of a corporation in Oman.
Register the Business in Oman
Register the business in oman involves step to submit to following documents :
  • Legalized Opening Forms
  • Municipality Approval
  • Share Capital Certificate

Post Company Incorporation Process in Oman

Apply for Visa
Now its time to apply for a Visa for all employees soon after the incorporation process is over. You can contact a company incorporation expert or a visa consult
Employee Registration
The employees which are hired must be acknowledged as a part of the business entity and for which registration of the employees under the company name is to be done.
Conversion of Bank Account
The business capital bank account should to be converted to the current account so as to ease the business transactions successfully.

Business Setup Services in Oman

Black Swan brings to you with flexible & affordable business setup solution package which includes:
  • Company Incorporation and Registration
  • Local Sponsorship
  • Public Relations Officer (PRO) Services
  • Accounting and Bookkeeping
  • Auditing
  • Tax Consulting
  • VAT Registration
  • Intellectual Property Services
Various steps are involved in Company Formation in Oman. You can Consult Black Swan if you are looking for Company Registration in Oman. You will get a full End to End Solution for Company Incorporation in Oman.
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