Oman offers foreign investors the opportunity to open a company on the mainland, which opens up access to the local market and various economic sectors. In this article, we will look at the key aspects and advantages of opening a company on the mainland of Oman.
Benefits of Doing Business on the Mainland
Access to the local market
Registering a company in Oman, on the so-called "mainland", as opposed to registering in special economic zones, allows you to do business directly with local clients and partners. This is especially important for companies focused on the domestic market.
Diversity of activities
Companies in the Oman mainland can engage in a wide range of activities, including trade, tourism, manufacturing, services and construction. This gives foreign investors the opportunity to choose the most suitable sector for their business and its further development. The ability to combine different activities makes the business more flexible and sustainable.
The process of opening a company on the mainland
Key steps
1. Consultation with experts: Determining the optimal form of the company and choosing the types of activities.
2. Preparation of documents: The company's constituent documents, copies of the founders' passports and other necessary documents.
3. Company registration: Obtaining a registration certificate (Commercial Registration) and membership in the Oman Chamber of Commerce and Industry.
4. Obtaining residency: If the company manager is not a local citizen, then he must have Omani residency.
5. Obtaining licenses: Licenses for the selected types of activities issued by the relevant ministries and departments.
6. Opening a bank account: The final stage is opening a corporate bank account in one of the leading banks in Oman.
Required documents
To register a company on the mainland, you will need the company's incorporation documents, copies of the founders' passports and digital photographs. All documents must be certified by the Omani Embassy in the country of origin and translated into English.
For further information and advice, please contact Gates of Arabia.