Limited Liability Company (LLC)

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Limited Liability Company (LLC) stands out as the preferred choice for foreign business formation in Oman. Until January 2020, foreign investors were restricted to owning 70%, with an Omani partner holding the remaining 30%. However, the enactment of the Foreign Capital Investment Law (FCIL) through Royal Decree No: 50/2019 in January 2020 granted foreign investors 100% ownership in many mainland Oman industries.

Benefits of Setting Up an LLC in Oman:

  • 100% foreign ownership permitted for the majority of business activities
  • Only one shareholder and one director required
  • No restrictions on shareholder or director nationality
  • Commercial registration valid for 5 years
  • Quick formation process
  • Foreign companies can register according to FCIL and invest in sectors aligning with economic diversification

Requirements for Oman LLC Setup:

  1. Reserve Company Name
  2. Ministry of Commerce and Industry Application
  3. Oman Chamber of Commerce and Industry Registration
  4. Define the LLC's business activities
  5. Lease office space
  6. Register with the Ministry of Finance
  7. Post-incorporation – municipality license, tax registration, Royal Oman police registration, Ministry of Manpower registration

Documents Required:

  • Passport copies of shareholders and authorized signatories
  • Approved form detailing names and signatures of authorized signatories
  • Company registration forms
  • Proof of initial capital through a bank statement

How We Can Help: We can assist in setting up a 100% foreign-owned Limited Liability Company (LLC) in Oman. We also provide support in restructuring existing companies for 100% foreign ownership. Our expert consultants in Muscat have strong government relations to streamline the company formation process.