Company Formation

Company formation is the process of registering a business as a

limited company at Companies House. As a result, the business
becomes a distinct legal entity. The process is also referred to as
‘company incorporation’ and ‘company registration’.

When you incorporate a limited company, it becomes an individual

‘person’ in the eyes of the law. Incorporated businesses are
completely separate from their owners in terms of finances,
liabilities, contractual agreements, and ownership of property and
assets. Such a view is not afforded to unincorporated businesses like
sole traders as distinct legal entities.

Just like the other GCC countries, the process of setting up a

business in Oman requires the involvement of a few steps. We play
an important role to get the important documents for registering
with the concerned ministries, government departments and
associations to let the corporate clients start their business
operations in Oman saving their time, efforts and money.
BENEFITS OF BUSINESS SETUP IN OMAN

1. Multiple Facilities: A well-built infrastructure, commercial connectivity,

high security, property rights, and international networking steps taken
forward by the Ministry of Foreign Affairs and Commerce of Oman provide a
favourable climate for entrepreneurs to grab the investment opportunities,
convert business ideas, and contribute towards economic development.

2. Oman’s Ninth Five-Year Development Plan (2016-2020): This plan gives

more importance completion of projects through Public Private
Partnerships. Vision 2020 aims at building a strong economy for the future
by developing business incorporation, human resource, economic
diversification and private sector development.

3. Start-Up and Entrepreneurship: The government of Oman aims at building

a smart-city. Strong international networking and trade agreements have
widened the scope of foreign investment in Oman, which helps even the
small and medium industries and start-ups in Oman to gain the benefits.
4. No Personal Tax: Oman comes under the tax-free zone. Yes, you
don't need to pay income or any individual tax. Once established, a
company only has a flat 15% corporate tax to be paid.

5. Company Formation in Oman and Ownership: According to Omani

Law, there are 3 major formats of company formation in Oman: Limited
Liability Company (LLC), Closed Joint Stock Company, and Open Joint
Stock Company. Amongst these, an LLC is the most common type of
company formed in Oman. The ownership of a foreign investor is 70%;
in special cases, it gets extended even to 100%.

6. Export of Non-Oil Products: The government is taking initiatives to

expand the export of non-oil products, which creates a huge
opportunity for sectors like fishing, manufacturing, pharmaceutical,
mineral mining, etc. According to Oman’s business news, its export
increased by 28% during 2017-2018.
We will help you with company formation in Oman:

➢ Helpline Group will help you choose the best

company structure.
➢ Our team of experts would assist you with
Company registration services in Oman.
➢ Helpline Group will support you in documentation
and filing of required paperwork.
➢ Our team would acquire the licenses and
approvals from various authorities in Oman on
your behalf.
Company Formation Services & Legal Structure.
The Foreign Business and Investment Law, The Commercial Register Law &
Commercial Company Code 1974 govern the process of company formation in
Oman. According to the laws and regulations, the foreign investors are allowed to
form their company in Oman in the following legal structures:

1 Limited Liability Company Formation (W.L.L)

2 Branch Office

3 Commercial Agencies

4 Representative Trade Offices

5 General Partnership Company

6 Limited Share Partnership Company

7 Holding Company

8 Public Shareholding Company

9 Joint Venture
Steps involved in register a company
in Oman

1. Finding A Partner
2. Business Set-Up
3. License Registration
ABOUT
HELPLINE
GROUP
Founded in 1990, the Oman
Helpline Group has attained
customers’ reliance, trust and
a prestigious market brand
value in less than three
decades for the quality work
delivered by its experienced
professionals. The company
has a presence all over the
world, starting from the Middle
East countries to countries
such as USA, Canada and
India; we are present
everywhere around the globe.
THANK YOU

FOR MORE INFORMATION

www.omanhelplinegroup.com

info@omanhelplinegroup.com