Accountancy in Oman

>> Choice of Legal Form in Oman

Foreign companies and individual investors may establish operations in Oman via one of the following main forms:

  • Limited Liability Company (LLC)
  • Joint stock company
  • Branch
  • Commercial Agency
  • Commercial Representative Office
  • Limited Liability Partnership
  • Sole Proprietorship (Limited to Omanis, GCC Nationals and U.S. Nationals)

Joint Ventures

Joint Ventures allow foreign companies with no physical presence in Oman to enjoy the benefits of undertaking commercial activities, without the costs and risks associated with the establishment of a legal entity in the country.

The Joint Venture partner to a foreign company must be a locally registered company with at least 30% Omani shareholding. Furthermore, Joint Ventures are not considered legal entities in Oman, and, as such, are not subject to any licencing or registration requirements. As in all jurisdictions, choosing the right JV partners is key to ensure that they will be able to contribute to the JV in the planned way.


Latest version updated 11th April 2019

Country Breakdown

4.96

Million

Population

OMR

Omani rial

Currency

$ 72.64

Billion

GDP

309,501

km2