02/07/2024
In Sultanate of Oman, you can now establish your own company, with or without Omani sponsorship and Omani partners. There are two types of companies:
1- SPC: A company owned by a single individual.
2- LLC: A company owned by more than one individual. In LLC, multiple partners can be involved, such as friends, siblings, and parents, etc.
Company formation involves seven main steps:
1- Commercial registration
2- Oman Chamber of Commerce certificate
3- Business license
4- Business permit
5- Mazunia
6- Visa
7- Residency card
8-All Services during stay in Oman
In addition to company formation services, comprehensive guidance is provided for all kinds of documentation, residency cards, bank accounts, residential arrangements, business tours, goods clearance from ports, and delivery to warehouses. Guidance is also available for family visas and worker visas. After obtaining an Omani residency card, a multi-entry visa for Saudi Arabia for a year is available for only 15 Omani Riyal. Subsequently, visas for Jordan, Qatar, Bahrain, and even European countries like Georgia become available. Visas for the United States, United Kingdom, Canada, and Schengen countries are also easily obtainable.
A single company can obtain multiple types of visas, depending on the nature of its business. The number of visas issued is determined by the government. The cost of worker visas ranges from 150 to 360 Riyal, depending on the position. The duration of commercial registration is three years, visa duration is two years, while the remaining permits have a validity of one year. These can be easily renewed with nominal service charges. There is no income tax in Oman, only a 5% VAT, which is exempted on many essential items. After obtaining a residency card, spouses, children, siblings, and parents can also be invited. A two-year visa and residency card are issued for wife and children, while a three-month visit visa can be obtained for parents and siblings. Both company and personal bank accounts can be opened.
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