A Sole Proprietorship Company is a straightforward business structure where an individual trades under their own name, holding a personal liability for business obligations without a separate legal entity. This form is commonly called an 'establishment,' and its owner assumes full liability for the business.

Setting Up and Structure of a Sole Proprietorship Company in Oman:

To establish a Sole Proprietorship Company, one applies the necessary documents to the Ministry of Commerce and Industry, represented by the Chamber of Commerce and the Municipality. The Ministry of Commerce and Industry issues the primary trade license.

Key Features:

• Single-person ownership
• No restrictions on initiation or closure
• The owner maintains complete control
• Lower formation and compliance costs
• Unlimited liability borne by the owner
• Profits and losses are borne by the owner
• No special legislation

Government Liaison Officer (GLO) Requirement: Each Sole Proprietorship Company needs a local Omani to serve as the company’s Government Liaison Officer (GLO). The GLO has No Equity or liability for the business, and they cannot represent the Branch Office or partake in its management.

Advantages of Company Certification LLC approved GLO service provider:

• Utilize our experience for efficient paperwork processing, including visas, licenses, labor quotas, translation services, and assistance with corporate bank account openings.
• We have a fixed fee structure.
• Full management team available 24/7.
• Suitable for entrepreneurs, SMEs, and MNCs entering the Oman market.
• Honest answers, transparency, reliability, and realistic timeframes keep you fully informed at all times.