Oman Company Setup Services

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What Business to Invest?

Investing in Oman can be influenced by various factors, including market demand, economic trends, and regulatory considerations. As of my last knowledge update in January 2022, some types of shops that may be considered relatively safe for investment in Oman include:

  1. Grocery Stores:  Essential goods, including groceries, are consistently in demand.

  2. Pharmacies:  Health and wellness-related businesses, such as pharmacies, tend to have stable demand.

  3. Clothing Retail: Fashion and apparel, especially modest and traditional clothing, are popular in Oman.

  4. Electronics and Appliances: With the increasing use of technology, shops selling electronics and appliances may find a stable market.

  5. Food and Beverage Outlets: Restaurants, cafes, and eateries catering to local tastes and international cuisine can be successful.

  6. Car Accessories and Services: Given the importance of transportation, shops offering car accessories and services may have a steady customer base.

  7. Home Furnishings: With ongoing construction and housing projects, shops selling home furnishings and decor may find opportunities.

  8. Beauty and Personal Care: Beauty products, cosmetics, and personal care items are in demand.

  9. Health and Fitness: Gyms, fitness centers, and shops selling health-related products can attract customers.

  10. Children's Products: Shops specializing in children's clothing, toys, and educational products may be well-received.

Before investing, it's crucial to conduct thorough market research, understand local regulations, and consider the specific needs and preferences of the Omani market. Consulting with local business experts and authorities can provide valuable insights into the most viable investment opportunities. Keep in mind that economic conditions and consumer preferences can evolve, so staying informed about market trends is essential.

Top Trending Manufacturing

As of  January 2022, Oman has been actively working on diversifying its economy, and manufacturing is a significant sector. Here are some of the top manufacturing businesses in Oman:

  1. Petrochemicals and Chemicals:

    • Oman is known for its petrochemical industry, producing chemicals and plastics.

  2. Steel and Metal Products:

    • Steel manufacturing and the production of metal products are prominent in Oman.

  3. Construction Materials:

    • Manufacturing of construction materials, including cement and building products, is a key industry.

  4. Food and Beverage Processing:

    • Oman has a growing food and beverage processing sector, including dairy and food products.

  5. Automotive Assembly:

    • Automotive assembly and manufacturing of parts contribute to the manufacturing landscape.

  6. Textiles and Apparel:

    • The textile and apparel industry is developing, with the production of garments and fabrics.

  7. Plastics and Packaging:

    • Manufacturing of plastic products and packaging materials is a significant sector.

  8. Pharmaceuticals:

    • Oman has pharmaceutical manufacturing facilities producing medicines and healthcare products.

  9. Electronics and Electrical Equipment:

    • Production of electronic components and electrical equipment is part of Oman's manufacturing sector.

  10. Furniture and Wood Products:

    • Manufacturing of furniture and wood products contributes to the economy.

It's important to note that the economic landscape can change, and new industries may emerge over time. Additionally, the success of manufacturing businesses may depend on factors such as market demand, innovation, and government initiatives. For the most current and detailed information, it's advisable to refer to recent industry reports and updates specific to Oman's manufacturing sector.

Top Service Businesses

Investing in service businesses in Oman can be a promising venture, and opportunities exist across various sectors. Here are some service business ideas that individuals or entrepreneurs may consider for investment in Oman:

  1. Consultancy Services:

    • Business Consultancy
    • Management consulting
    • Financial advisory services

  2. Information Technology (IT) Services:

    • Software development
    • IT consulting
    • Cybersecurity services

  3. Healthcare Services:

    • Medical clinics
    • Telemedicine services
    • Wellness and preventive care services

  4. Education and Training:

    • Language schools
    • Professional training and development
    • Educational consulting services

  5. Tourism and Hospitality Services:

    • Travel agencies
    • Tour guiding services
    • Hospitality consulting

  6. Event Management:

    • Event planning and coordination
    • Exhibition and conference management

  7. Real Estate Services:

    • Property management
    • Real estate consultancy
    • Facilities management

  8. Financial Services:

    • Accounting and bookkeeping
    • Financial planning services
    • Fintech solutions

  9. Marketing and Advertising:

    • Digital marketing agencies
    • Advertising and branding services
    • Market research

  10. Logistics and Transportation:

    • Freight and logistics services
    • Transportation and delivery services
    • Customs clearance and brokerage

  11. Environmental and Sustainability Services:

    • Environmental consultancy
    • Sustainable business practices consulting
    • Renewable energy services

  12. Fitness and Wellness Services:

    • Fitness centers and gyms
    • Wellness Coaching
    • Nutritional consulting

Before investing, it's crucial to conduct thorough market research, understand local regulations, and evaluate the specific needs of the Omani market. Additionally, consulting with local business experts and authorities can provide valuable insights into the viability of different service business opportunities. Keep in mind that economic conditions and consumer preferences can evolve, so staying informed about market trends is essential.

Demanding Profession in Oman

As of the last update, some professions that are frequently sought after in Oman include:

  1. Oil and Gas Industry Professionals: Engineers, technicians, and skilled workers in the oil and gas sector are in demand due to Oman's significant hydrocarbon industry.

  2. Healthcare Professionals: Doctors, nurses, and other healthcare professionals are consistently sought after to meet the country's healthcare needs.

  3. Information Technology (IT) Specialists: With the growing emphasis on technology, there is a demand for IT professionals and experts in areas like software development, cybersecurity, and network administration.

  4. Engineering Professionals: Civil, electrical, and mechanical engineers are needed for various infrastructure and construction projects.

  5. Teaching and Education Professionals: Qualified educators, particularly those with expertise in STEM subjects (science, technology, engineering, and mathematics), are in demand.

  6. Finance and Accounting Professionals: Accountants, financial analysts, and professionals with expertise in finance and accounting are sought after in the business sector.

  7. Hospitality and Tourism Professionals: With Oman's focus on developing its tourism industry, there is a demand for professionals in hospitality, tourism management, and related fields.

  8. Skilled Tradespeople: Skilled workers in trades such as welding, plumbing, and construction are often needed for ongoing infrastructure projects.

Keep in mind that labor market demands can evolve, and it's advisable to check the most recent job market reports and updates for the latest information on in-demand professions in Oman.

Most Sellable Items

January 2022, the most sellable products in the Omani market can vary based on consumer demand, economic trends, and other factors. However, some products that tend to have consistent demand in Oman include:

  1. Food and Beverages: Including staple foods, fresh produce, snacks, and beverages.

  2. Electronics and Gadgets: Such as smartphones, laptops, and other consumer electronics.

  3. Clothing and Apparel: Including both traditional and modern clothing.

  4. Home and Kitchen Appliances: Such as kitchenware, home decor, and appliances.

  5. Health and Beauty Products: Including cosmetics, skincare, and personal care items.

  6. Automotive Products: Such as spare parts, accessories, and vehicles.

  7. Construction Materials: Given the ongoing construction projects in Oman, there is a demand for construction materials.

  8. Medical and Pharmaceutical Products: Including medicines and healthcare products.

It's important to conduct thorough market research to identify specific product niches and opportunities. Additionally, the popularity of products may change over time, so staying updated on market trends is essential. For the most current and detailed information, consulting local market reports and industry analyses is recommended.

Profitable Businesses

Aso of January 2022, providing specific average profit margins for various business sectors in Oman can be challenging due to the dynamic nature of industries, changing economic conditions, and individual company performance. Profit margins can vary widely based on factors such as the type of business, industry competition, operational efficiency, and market demand.

Rough estimates and can vary:

  • Oil and Gas Average Profit Margin Range: 10% - 20%

  • Tourism and Hospitality Average Profit Margin Range: 5% - 15%

  • Manufacturing (including petrochemicals) Average Profit Margin Range: 5% - 15%

  • Construction and Real Estate Average Profit Margin Range: 8% - 20%

  • Services (including finance, IT, and consulting) Average Profit Margin Range: 10% - 25%

  • Agriculture and Fisheries Average Profit Margin Range: 10% - 20%

  • Mining and Minerals Average Profit Margin Range: 10% - 25%

  • Healthcare and Pharmaceuticals Average Profit Margin Range: 15% - 25%

  • Education and Training Average Profit Margin Range: 10% - 20%

  • Retail and Consumer Goods Average Profit Margin Range: 3% - 10%

  • Restaurants Average Profit Margin Range: 5% - 15%

  • Grocery Stores Average Profit Margin Range: 3% - 10%

Please note that these figures are general estimates and actual profit margins may vary based on specific business circumstances and market dynamics.

Oman's major Imports and Exports

Oman's major imports and exports in a table:

Import Category Approximate Percentage of Total Imports:

  1. Machinery and Equipment 20% - 25%, 
  2. Transportation Equipment 15% - 20%, 
  3. Chemicals and Chemical Products 10% - 15%, 
  4. Mineral Fuels and Oils 10% - 15%, 
  5. Electrical Machinery and Equipment 5% - 10%, 
  6. Metals (Iron and Steel) 5% - 10%,  
  7. Plastics and Plastic Products 5% - 10%, 
  8. Textiles and Apparel 5% - 10%

Export Category Approximate Percentage of Total Exports:

  1. Oil and Gas Products 80% - 85%, 
  2. Minerals (Copper, etc.) 5% - 10%, 
  3. Fish and Seafood 3% - 5%, 
  4. Dates 1% - 3%, Chemicals and Petrochemicals 1% - 3%, 
  5. Textiles and Apparel 1% - 2%, 
  6. Metals (e.g., Aluminum) 1% - 2%

Please note that these percentages are approximate and can vary based on market conditions, economic factors, and changes in Oman's trade composition. For the most accurate and current information, it is advisable to refer to the latest trade statistics or official reports from Omani authorities.

Avg. Cost of Living

As of  January 2022, the cost of living in Oman can vary based on factors such as lifestyle, location, and individual spending habits. Here's a general overview of the average cost of living for both single individuals and families in Oman:

Single Individual:

  1. Accommodation: Rent for a one-bedroom apartment in Muscat can range from approximately 250 to 400 OMR per month, depending on the location and amenities.
  2. Utilities: Monthly utility bills (electricity, heating, cooling, water, garbage) may average around 40 to 50 OMR.
  3. Food: Monthly groceries may cost around 70 to 100 OMR, depending on dietary preferences and eating habits.
  4. Transportation: Public transportation costs are relatively low, and a monthly pass may cost around 10 to 15 OMR. Owning a car would involve additional expenses such as fuel and maintenance.
  5. Entertainment and Miscellaneous: This can vary widely based on personal preferences, but an average estimate might be around 30 to 50 OMR.

Total Monthly Cost for a Single Individual: Approximately 400 to 600 OMR.

Family (Couple with Two Children):

  1. Accommodation: Rent for a two or three-bedroom apartment or house may range from 400 to 700 OMR per month.
  2. Utilities: Monthly utility bills may average around 50 to 80 OMR.
  3. Schooling: If children attend international schools, tuition fees can range from 500 to 1,000 OMR per child, depending on the school.
  4. Food: Monthly groceries for a family may cost around 150 to 250 OMR, depending on family size and dietary preferences.
  5. Transportation: If the family owns a car, additional expenses for fuel and maintenance should be considered.
  6. Entertainment and Miscellaneous: This can vary based on family activities and lifestyle, but an average estimate might be around 50 to 100 OMR.

Total Monthly Cost for a Family: Approximately 1,150 to 2,200 OMR.

These are general estimates, and actual expenses can vary based on individual circumstances. It's recommended to conduct detailed research and consider personal preferences when planning a budget for living in Oman. Additionally, cost factors may change over time, so it's advisable to check for the latest information.

Average Monthly Income

As of January 2022, here's a more detailed breakdown of average monthly incomes in Oman across different sectors and professions. Keep in mind that these figures are general estimates and actual incomes can vary based on factors such as experience, qualifications, and the employer:

  1. Skilled Professionals:

    • Engineers (e.g., civil, mechanical, electrical): 900 OMR - 1,800 OMR+
    • IT Professionals (e.g., software developers, system analysts): 800 OMR - 1,500 OMR+
    • Architects: 800 OMR - 1,500 OMR+

  2. Office Jobs:

    • Administrative Assistants: 400 OMR - 800 OMR
    • Accountants: 600 OMR - 1,200 OMR
    • Finance Professionals: 800 OMR - 1,500 OMR

  3. Service and Retail Sectors:

    • Customer Service Representatives: 300 OMR - 600 OMR
    • Retail Sales Associates: 300 OMR - 600 OMR
    • Waitstaff in Restaurants: 250 OMR - 500 OMR (including tips)

  4. Healthcare Professionals:

    • Doctors (General Practitioners): 1,500 OMR - 3,000 OMR+
    • Registered Nurses: 600 OMR - 1,200 OMR
    • Pharmacists: 700 OMR - 1,500 OMR

  5. Construction and Manual Labor:

    • Construction Workers: 300 OMR - 600 OMR
    • General Laborers: 250 OMR - 500 OMR

  6. Management Roles:

    • Middle Management (e.g., Managers, Supervisors): 1,000 OMR - 2,000 OMR+
    • Senior Management (e.g., Directors, General Managers): 2,000 OMR - 5,000 OMR+

These figures are meant to provide a general overview and may not reflect the full range of salaries within each category. Additionally, salary structures can be influenced by company policies, employee benefits, and other factors. For the most accurate and current information, individuals are encouraged to refer to recent salary surveys, job market reports, and industry-specific data.

Oman Cost Calculator

Oman's cost of Establishing a Business and Visa cost projection over 4 years.

A Sole Proprietor Company (SPC) is a Single Person & 1 Visa Company, If two or more partners then an LLC will be formed Limited Liability Company (LLC). Choose accordingly as the visa fees multiply per additional partner. Also, No restrictions on the Share % can be distributed freely among the partners.
Each Grade has limits on worker visas & capital required.
The average fee is $400/year for each activity (Including our service fee) Each business activity is subject to the province rates and the nature of the activity.
4 Year Cost of Establishing Company + Visa(s)
Estimated cost including our fee with 4-year Plan. No Hidden Charges all prices in $USD.
Includes 3-year CR registration, TAX ID, Medical, and 2-year Visa cost+1st yr. Business License + 1st yr. Trade License.
1 yr Tarde Chamber + 1yr. Business License fee based on business activities and visa qty is the same as 1st year.
2 year Visa+1 yr Tarde Chamber + 1yr. Business License fee
3-year CR Renewal fee +1 yr Tarde Chamber + 1yr. Business License fee
4 year Avg. $ cost/year
Family visa costs every 2 years. Excluding all cost of living expenses.

Your Gateway to Seamless Expansion

 Welcome to Company Certification LLC, your trusted partner for hassle-free business establishment in the Sultanate of Oman.

About Our Oman Company Setup Services

Discover our comprehensive Oman company setup services designed for entrepreneurs and enterprises seeking to establish a successful presence in Oman. At Company Certification LLC, our dedicated team combines local expertise, a robust network, and a client-centric approach to streamline the business setup process.

Key Advantages of Establishing Your Business in Oman:

  1. Strategic Business Location: Oman boasts a growing economy and strategic access to trade routes via its ports on the Indian Ocean.

  2. Foreign Investment Inflow: The country is witnessing substantial funding and investment from the GCC and other nations.

  3. Ownership Flexibility: Most industries and business activities allow 100% foreign ownership.

  4. Tax Benefits: Oman offers no personal tax, low corporate tax, and has special tax treaties with several countries.

  5. Special Economic Zones: Free zones and Special Economic Zones with tax exemption incentives are available.

  6. Diplomatic Relations: Oman maintains good relations with neighboring countries, ensuring a stable and safe business environment.

  7. Workforce Availability: The nation provides access to a skilled workforce.

  8. Abundant Natural Resources: Oman's wealth of natural resources contributes to its economic potential.

Oman Company Types & Grades

Companies in Oman can adopt different legal forms, including Sole Proprietorship Company, Limited Liability Company (LLC), Branch Offices, Representative Office, Free Zones, and Commercial Agent (Exclusive Distributor). An LLC is the prevalent choice for foreign investors, often the only option for various business activities. As of January 2020, many company types can be fully owned by foreign investors due to a legislative update.

Sole Proprietorship Company

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.

Limited Liability Company (LLC)

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. 

Foreign Company Representative Office

A representative office of a foreign company is distinct from a Branch Office in that it is solely authorized to promote the activities of its parent company. If the parent company is involved in the sale and/or production of specific products and establishes a representative office in Oman, the office is restricted to promoting and marketing those products, and facilitating contracts in Oman, but cannot engage in direct sales or production. It's essential to be aware that, in addition to these limitations, representative offices face restrictions, such as being ineligible to secure credit facilities or submit offers.

Currently, we don't provide this service!

BRANCH OFFICE

A common strategy for foreign companies to achieve complete foreign ownership is by creating a Branch Office of their parent company. Legally considered a direct extension of the parent company, a Branch Office lacks a separate legal identity. Consequently, the Branch Office carries the same name as its parent company.

Setting Up and Structuring a Foreign Branch in Oman:

To establish a branch of a foreign company, it is crucial that the foreign company holds a contract with a government entity or a government wholly-owned company. Alongside the registration documents, the foreign company must submit an undertaking, declaring its commitment to bear the liabilities of the branch and the actions of the branch manager. The duration of the Branch Office is limited to the necessary project execution period in Oman. It is prohibited from undertaking any work for third parties unrelated to the project. The branch's activities must align with those of its parent company, and engaging in other activities requires prior approval from the parent company and registration with the Ministry of Commerce and Industry.

We don't offer this service!

Company Grades

All types of companies, whether SPC or LLC, are categorized into a specific grade in Oman based on capital investment and the visa quota for workers.

Prohibited Business Activities under Foreign Investment

The Oman Ministry of Commerce, Industry and Investment Promotion (MOCIIP) Ministerial Decision No. 209/2020 (2020 MD) list of activities prohibited to foreign investors has been updated by Ministerial Decision No. 364/2023 (New MD). The New MD amends the 2020 MD by removing two activities from the list of prohibited activities specialised rehabilitation centres and rehabilitation centres and expanding the list of prohibited activities.

We set out below a consolidated list of the prohibited activities. Most of these commercial activities are unlikely to be of interest to foreign investors, but there are a few surprises for foreign investors to be alert to: 

  1. Manufacture of Omani halwa (Omani dessert)
  2. Tailoring of Arab men wearing apparel
  3. Tailoring of non-Arab men wearing apparel
  4. Tailoring of Arab and non-Arab ladies wearing apparel
  5. Tailoring of sports clothing
  6. Tailoring of military uniform
  7. Manufacture of Omani kimma (Omani cap)
  8. Manufacture of women's abaya (gown)
  9. Manufacture of Omani khanjar (traditional dagger)
  10. Transport and sale of drinking water
  11. Motor vehicle electrical repair and recharging of batteries
  12. Repairing and cleaning motor vehicle radiators
  13. Repairing punctured tyres and metal wheels
  14. Wheel balance
  15. Motor vehicle service stations
  16. Replacement of motor vehicle oils
  17. Repairing car air-conditioner
  18. Repairing motor vehicle exhaust pipe
  19. Car cleaning and polishing
  20. Wholesale of fruits and vegetables
  21. Wholesale of cooking gas
  22. Liquefied petrol gas filling stations
  23. Retail sale of fresh fruit, vegetables and dates in specialised stores
  24. Retail sale of honey in specialised stores
  25. Motor vehicle fuel stations
  26. Diesel fuel stations
  27. Retail sale of telephones and their accessories in specialised stores
  28. Retail sale of mobile telephones and their accessories in specialised stores
  29. Retail sale of souvenirs, paintings and gifts in specialised stores
  30. Retail sale of flowers and natural plants in specialised stores
  31. Retail sale of pottery and handicrafts in specialised stores
  32. Retail sale of cooking gas in specialised stores
  33. Retail sale of silverware and gifts in specialised stores
  34. Retail sale in specialised stores of cards of telecommunications services licensed in the Sultanate
  35. Retail sale of traditional weapons in specialised stores
  36. Retail sale of animal feed in specialised stores
  37. Retail sale of bags in specialised stores
  38. Retail sale of ceremony requirements in specialised stores
  39. Retail sale of fireworks in specialised stores
  40. Retail sale of Omani khanjar (traditional dagger) in specialised stores
  41. Retail sale of empty gas cylinders in specialised stores
  42. Retail sale of wedding cards in specialised stores
  43. Retail sale of handicraft products in specialised stores
  44. Retail sale of beekeeping supplies in specialised stores
  45. Pilgrim and umra performers’ transport
  46. Road transport by trucks of cooking gas cylinders
  47. Loading and unloading of goods
  48. Customs clearance offices
  49. Valuation of cancelled vehicles
  50. Insurance commission agent
  51. Real estate brokerage (auctioneer offices)
  52. Manpower recruitment offices
  53. Employment offices
  54. General cleaning of buildings
  55. Photocopying and typing services
  56. Transactions clearance offices
  57. Making and installation of neon signboards
  58. Managing and operating fuel stations
  59. Driving schools
  60. Elderly people care centres
  61. Orphanages
  62. Other library and archives activities
  63. Washing all kinds of clothes and textiles, except what is carried out in tourist establishments
  64. Ironing of clothes, except what is carried out in tourist establishments
  65. Laundry and steam ironing (dry cleaning), except what is carried out in tourist establishments
  66. Hair cutting, styling and shaving for men, except what is carried out in tourist establishments
  67. Hairdressing and cosmetic treatment for women, except what is carried out in tourist establishments
  68. Hair cutting and styling for children, except what is carried out in tourist establishments
  69. Operation of poultry hatcheries
  70. Beekeeping and production of honey and beeswax
  71. Marine fishing
  72. Slaughtering and preparing poultry, rabbits and birds
  73. Printing using photocopier machines, computer printers, embossers etc.
  74. Transport estate owners associations
  75. Pets care service and sale of non-potable water
  76. Renting of cranes with operator
  77. Renting of construction machinery and other equipment operated by a worker
  78. Renting of construction or demolition equipment operated by a worker
  79. Wholesale of livestock
  80. Wholesale of fish and sea creatures
  81. Wholesale of fish products
  82. Retail sale in specialised stores of meat and meat products
  83. Retail sale in specialised stores of fish and other seafoods
  84. Retail sale in specialised stores of Omani halwa (Omani dessert)
  85. Retail sale in specialised stores of poultry (slaughtered)
  86. Retail sale in specialised stores of natural herbs
  87. Retail sale in specialised stores of medical herbs
  88. Retail sale in specialised stores of birds, pets and ornamental fish and their accessories
  89. Vehicle towing and recovery service
  90. Buying, selling and dividing land
  91. Renting and operating of self-owned or leased real estate (residential and non-residential)
  92. Operating of buildings (self-owned or leased)
  93. Appraisal services for real estate
  94. Building management (based on a fee or contract)
  95. Management of real estate.
Oman Collage

Company Setup

 
1 Start 2 Capital 3 Complete
Please provide with country code.+92-3352426629
Sole Proprietor Company (SPC) Limited Liability Company (LLC) If two or more partners then choose LLC.
Choose a single option; costs increase with higher grades. Opting for Grade 4/3 is recommended. Companies above Grade 4 require investment capital. For SME Grade 4, consider an SPC/LLC structure.
What type of work you intend to do in this company e.g. Manufacturer/ Trade distribution /Services etc.
The individual categories of ISIC Standard

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Oman Tax Laws

Various aspects of Taxation in Oman are:

  • Registration with the Secretariat General of the Ministry of Finance is mandatory for all taxable entities
  • A provisional return of income tax must be filed within 3 months of the applicable accounting period
  • A uniform 15% income tax rate is applicable for all companies irrespective of nationality and size.
  • The final tax return must be filed within 6 months of the applicable accounting period

The 3% tax rate is effective and is coupled with a requirement for SME taxpayers to file income tax returns.

Up to 30,000 OMR (Omani Riyals) - 0%

Above 30,000 OMR - 12%

For Enterprise - 3%

Others - 15%

Tax Exemptions

The following are exempt from income tax in Oman:

  • Dividends received from an Omani company
  • Gains on the disposal of Securities listed in the Muscat Stock market
  • Omani marine companies
  • Foreign Airlines
  • Investment funds
  • Foreign companies engaged in the exploration of gas and oil
  • Foreign companies working for government projects

Withholding Tax

Cross-border payments subjected to withholding tax and at a flat rate of 10% on the gross payment in Oman are :

  • Royalties
  • Management Fees
  • Provision of Services
  • Consideration for R&D
  • Consideration for Computer Software

Indirect Tax

  • The standard rate of 5% VAT will apply on goods and services supplied in Oman, subject to specific exemptions and zero ratings prescribed under Oman VAT law.

  • There is a mandatory registration requirement if the total value of annual supplies exceeds or is expected to exceed OMR 38,500.

  • Exempt supplies are not subject to VAT, and the input tax in relation to exempt supplies cannot be recovered. Examples of exempt supplies include certain financial services, local passenger transportation services, education services, renting of residential property, etc.

  • Zero-rated supplies are subject to VAT at 0%, and the supplier can avail input VAT credit in respect of goods / services used for making zero-rated supplies. Examples of zero-rated supplies include export of goods and services outside Oman, international transportation services, basic food items, etc.

Process Flow

Oman Process Flow