Oman is attracting more and more foreign entrepreneurs due to its tax benefits, strategic location and stable economy. Do you want to set up an LLC here? Great choice!
Let's take it step by step.
1. What is an LLC and why is it beneficial?
LLC (Limited Liability Company) is a flexible and popular form of business. It is suitable for a wide range of businesses from trading to services. The main advantages are:
- Possibility of full foreign ownership in free zones.
- Limited liability of owners (authorized capital).
- Simple management structure.
2. Where is the best place to open an LLC in Oman?
You have two options:
1. Free zones
- Full foreign ownership.
- Zero corporate tax for years to come.
- Simplified procedures.
2. Mainland zone
- Allows operation in the local market.
- A local partner with a 30% share will be required.
Tip: For export or international companies, choose free zones such as Duqm or Salalah.
3. What kind of documents are needed?
The list is short but important:
- Passport details of all owners.
- Articles of Association of the company.
- Proof of office lease.
- Bank statement of authorized capital (from $150,000 if mainland).
4. How is the registration process?
The process involves three steps:
- Register online through the InvestEasy portal.
- Obtain a trading license.
- Obtain a tax identification number (TIN).
Does this sound complicated? In practice, it takes a couple of weeks if everything is prepared in advance by our experts.
5. What is the next step?
After registration, you can:
- Open a bank account. Many banks in Oman are geared towards foreigners.
- Obtain additional licenses. For example, for import/export or for specific activities.
- Start operating!
Setting up an LLC in Oman is not only profitable, but also quite simple if you approach the process with the right plan. Don't be afraid to get started! If you still have questions or need help at any stage, we're happy to help.