Company Registration in Oman from India

What is Company Registration in Oman?

Company registration in Oman is the official process of establishing your business with the Ministry of Commerce, Industry and Investment Promotion (MoCIIP).

It grants your business legal recognition, enabling you to operate, enter contracts, open bank accounts, and access government incentives within Oman.

For Indian entrepreneurs, starting a business in Oman offers access to a growing market and a strategic Middle East base, backed by $5.4 billion in India-Oman trade and investor-friendly reforms under Vision 2040.

More companies are choosing Oman to expand as the Foreign Capital Investment Law (FCIL) permits 100% foreign ownership in most sectors.

It has also eliminated the need for a local Omani partner in many cases.

However, note that new regulations starting April 2026 will require all 100% foreign-owned businesses to employ at least one Omani national within their first year of operation.

Why Oman is a Strategic Choice for Indian Businesses The Sultanate of Oman is rapidly emerging as a premier destination for foreign investment, particularly for Indian entrepreneurs seeking a strategic foothold in the Middle East.

Here are the reasons why: 1.

A Gateway to GCC, African, and Asian Markets Oman’s strategic location on the southeastern coast of the Arabian Peninsula provides direct access to major global markets.

Key ports like Duqm, located outside the Strait of Hormuz, along with Sohar and Salalah, are well-connected to international shipping routes.

World-Class Ports: These ports offer Indian businesses reliable entry points for global trade.

Efficient Logistics: Modern infrastructure supports smooth supply chains across the GCC, Africa, and Asia.

Free Trade Agreements (FTA): Oman has FTAs with countries such as the US and Singapore, granting preferential access to important international markets.

Oman's Vision 2040 and Pro-Business Reforms Oman Vision 2040 is the nation's strategic blueprint for economic diversification and reduced reliance on oil revenues.

This drives a continuous wave of investor-friendly reforms.

Focus on Diversification: Massive investment and incentives in target sectors like logistics, manufacturing, tourism, fisheries, and technology.

Streamlined Bureaucracy: The "Invest Easy" online portal has digitized and simplified the Oman company registration process, reducing paperwork and processing times.

Public-Private Partnerships (PPP): Increased opportunities for private and foreign companies to participate in large-scale national projects.

Foreign Capital Investment Law: 100% Ownership A key reform, the Foreign Capital Investment Law, has transformed Oman's investment landscape.

No Local Partner Required: The law abolishes the previous general requirement of having a 51% Omani shareholder for most activities.

Full Control: Indian entrepreneurs can now have 100% ownership and full control over their business operations, strategy, and profits.

Increased Investor Confidence: This law signals Oman's commitment to creating a globally competitive and open market, simplifying the entire Registration of a company in Oman.

Strong Historical and Economic Ties Between India and Oman The India-Oman relationship is built on centuries of trade and strong diplomatic ties, creating a uniquely favorable environment for Indian businesses.

Bilateral Trade: Robust and growing trade volumes create a natural synergy for businesses, with Oman ranking among India’s top 5 trading partners.

Cultural Affinity: A large and well-integrated Indian expatriate community makes for a smoother cultural and business transition.

Government-to-Government Support: Both governments actively promote bilateral investment and collaboration.

A Stable and Secure Environment for Investment Oman is consistently ranked as one of the most peaceful and stable countries in the Middle East.

Political Stability: A predictable political environment provides security for long-term investments.

Safety and Security: Low crime rates and a stable society offer a secure environment for investors, their families, and their employees.

Choose the Right Business Structure in Oman For Indian Businesses Selecting the appropriate legal structure is a critical first step.

The choice depends on your business activities, liability preferences, and long-term goals.

Limited Liability Company (LLC) This is the most popular and recommended structure for Indian entrepreneurs.

Key Features: A separate legal entity where shareholder liability is limited to their capital contribution.

Ownership: Can be 100% foreign-owned in most sectors since the 2020 Foreign Capital Investment Law, though some strategic sectors still need local partners.

Shareholders: Requires a minimum of one shareholder.

Director: Requires a minimum of one director, who does not need to be an Omani resident.

Ideal For: Trading, manufacturing, services, and most other commercial activities.

Branch Office of a Foreign Company This is an extension of an existing Indian parent company.

Key Features: Not a separate legal entity; the parent company is fully liable for its debts and obligations.

Use Case: Typically established to execute a specific contract or project in Oman, often with a government entity.

Requirement: Must appoint a local representative and register with the Ministry of Commerce, Industry and Investment Promotion (MoCIIP).

Commercial Representative Office This structure is for non-transactional activities.

Key Features: Not permitted to buy, sell, or generate revenue, and unable to sign contracts or issue invoices within Oman.

Purpose: Its role is strictly limited to market research and promoting the products/services of its parent company.

Path to Growth: An excellent low-cost option to test the Omani market before committing to a full LLC.

Free Zone Company Oman's free zones in Sohar, Salalah, Al Mazunah, and the Duqm SEZ offer a suite of special incentives.

Key Features: 100% foreign ownership, extended tax holidays (up to 30 years), exemption from customs duties, and streamlined regulations.

Ideal For: Businesses focused on export, import, logistics, and industrial manufacturing.

Own Regulations: Free zones have their independent regulatory authorities.

Joint Stock Company (SAOG/SAOC) This structure is for larger business ventures.

Public Joint Stock Company (Société Anonyme Omanaise Générale): Its shares can be offered to the public and traded on the Muscat Stock Exchange.

Closed Joint Stock Company (Société Anonyme Omanaise Close): Its shares are not offered for public subscription.

Minimum Capital Required: OMR 1 million (approx.

USD 2.6 million) or as specified by regulations.

Capital Intensive: Requires a significantly higher share capital and more complex compliance than an LLC.

Choosing the right structure will shape your tax obligations, licensing needs, and ability to scale.

Seek legal advice to align your structure with your business vision in Oman.

Requirements for Indian Nationals Setting Up a Business in Oman These are the following requirements for Indians, thinking of starting a business in Oman: 1.

Shareholder and Director Requirements A minimum of one shareholder is required.

This can be an Indian individual or an Indian corporate entity.

A minimum of one director is required.

The director can be of any nationality and is not required to be an Omani resident.

Note: A single Indian individual can be the sole shareholder and sole director of the company.

Minimum Share Capital Requirements for an LLC It's important to know capital requirements for financial planning and smoother approval of your company setup.

Foreign Capital Investment Law (FCIL): The previous mandatory minimum share capital of OMR 150,000 for foreign investors has been removed for most activities.

Practical Tip: While there’s no official minimum, depositing OMR 10,000–20,000 is advisable to build credibility with banks and authorities.

Exceptions: Some regulated sectors (like finance, healthcare, education) may still require a set minimum capital as per ministry guidelines.

The Necessity of a Registered Local Office Address in Oman A physical address in Oman is a non-negotiable legal requirement.

The idea of company registration without an office in Oman is not compliant with the law.

Purpose: The registered address is used for all official communication from government bodies.

Options Available: Physical Office: A dedicated, leased office space.

Serviced Office: A flexible office in a business center (e.g., Regus).

Virtual Office: A cost-effective option offered by licensed providers that includes a registered address and mail handling services, suitable for initial registration.

Understanding In-Country Value (ICV) and Omanisation Policies A national policy requiring companies to hire a certain percentage of Omani citizens.

The quota varies by industry and company size.

In-Country Value (ICV): A policy, particularly in the Oil & Gas sector, that promotes the development of local supply chains and Omani talent.

Foreign companies are encouraged to contribute to the local economy.

Document Checklist for Company Formation in Oman by Indian Applicants To complete your company formation in Oman, Indian applicants need to prepare and submit the following documents: 1.

Required Personal Documents for Indian Directors and Shareholders Passport Copy: Clear, valid passport copy for each shareholder and director.

Visa Copy: Copy of visa page if a resident of a GCC country.

Photographs: Recent passport-size photographs.

Attestation: Passport copies must be authenticated and attested by the Embassy of Oman in India and the Ministry of Foreign Affairs in Oman.

Notarized and Attested Corporate Documents for Indian Parent Companies If an Indian company is a shareholder, its corporate documents must be attested: Certificate of Incorporation Memorandum and Articles of Association Board Resolution approving the establishment of the Omani company and appointing its managers.

Certificate of Good Standing 3.

The Constitutive Contract and Articles of Association These foundational documents must be drafted and submitted, outlining the company's structure, objectives, and internal rules.

The Initial Capital Deposit Bank Certificate A formal letter or certificate from an Omani bank confirming the deposit of the company's share capital.

Process for Registering Your Company in Oman The Oman company registration process is largely digitized via the Invest Easy portal, making it efficient and transparent.

Step 1: Reserving Your Company Name with the Ministry Your business establishment in Oman starts with securing a legally approved and unique company name.

So: Select a unique name that complies with the Ministry of Commerce, Industry and Investment Promotion (MOCIIP) naming conventions.

Note: It is important to keep in mind that company names cannot include Arabic words or religious and political terms.

Perform an Oman company registration check on the Invest Easy portal to ensure the name is not already taken.

Submit the proposed name for reservation through the portal.

Step 2: Registration on the "Invest Easy" Online Portal Fill out the electronic application form and upload all required documents on the portal, including: Attested personal documents of shareholders/directors.

Attested corporate documents (if applicable).

The draft AOA and MOA.

The initial capital deposit certificate.

Note: For Indian corporate shareholders, parent company documents must be: Notarized by an Indian notary public, Attested by the Ministry of External Affairs (MEA), and Legalized by the Embassy of Oman in India.

Step 3: Obtaining Approvals from MOCIIP Once you have submitted the complete application, here’s what happens next: MOCIIP (Ministry of Commerce, Industry and Investment Promotion) reviews the application.

Upon approval, MOCIIP issues the Commercial Registration (CR) Certificate.

The CR Certificate serves as legal proof of your company’s existence and allows you to proceed with licensing and operations.

This step formalizes your business, granting it legal recognition in Oman.

It usually takes 3 to 7 working days, depending on document accuracy and business type.

Step 4: Chamber of Commerce and Industry Membership Registration All companies must register with the Oman Chamber of Commerce and Industry (OCCI) immediately after receiving the CR.

Purpose: OCCI membership is essential for business networking, obtaining certain permits, and validating official documents.

Step 5: Post-Registration Formalities and Tax Registration Here’s the checklist of Post-Registration tasks you must keep in mind: Tax Registration: Register the company with the Oman Tax Authority for Corporate Tax and VAT threshold (OMR 38,500 annual turnover).

Municipal License: Obtain a license from the local municipality for your office premises.

Employee Registration: Register the company and its employees with the Ministry of Labour and the Public Authority for Social Insurance (PASI).

Visas: Apply for investor and employee visas.

Vendor Registration: Complete Vendor registration in Oman company portals if you plan to work with large corporations or government entities.

Below is a detailed breakdown of expected fees (Note: 1 OMR ≈ 215 INR / 2.60 USD, rates may vary.).

Government Fees & One-Time Costs These are mandatory fees payable to government authorities during company setup in Oman: Fee Type Amount (OMR) Notes Company Registration Fee (MOCIIP) 150 – 500 Depends on the company grade and activities Trade Name Reservation 25 – 50 Oman Chamber of Commerce (OCCI) Registration 30 – 300 Paid annually but required at setup; varies by company grade Document Attestation 50 – 300 per document It can add up if the corporate shareholder is involved Initial Municipal License 50 – 250 Varies by municipality Total Estimated Government Fees (Setup) 300 – 1,200 Approx.

₹65,000 – ₹260,000 Professional Fees for Consultancy and Formation Services These fees are paid to consultants who assist with company formation and regulatory compliance.

Service Details Estimated Cost (OMR) Approx.

INR Standard Package Includes name approval, document drafting, Invest Easy portal submission, government liaison, and process guidance 500 – 2,000 ₹108,000 – ₹430,000 Costs Associated with a Physical Office Space Fulfilling the legal requirement for a physical office address comes with its own set of costs: Type of Office Details Estimated Cost Virtual Office Fulfills legal address requirement OMR 1,500 – 2,200 per year Serviced Office / Coworking Desk Shared workspace, flexible option for individuals From OMR 99 per person/month Physical Office Lease (Muscat) Cost varies by location (e.g., CBD, Al Khuwair) and size OMR 300 – 1,500+ per month Annual Renewal and Compliance Costs Recurring fees required to maintain company registration and compliance each year are: Requirement Details Estimated Cost Commercial Registration (CR) Renewal Similar to the initial registration fee Varies OCCI Membership Renewal Paid annually, based on company grade OMR 30 – 300 Municipal License Renewal Varies by municipality OMR 50 – 250 Annual Audit Fees For LLCs, it depends on business complexity OMR 500 – 2,500+ Accounting & Bookkeeping Monthly charges for professional accounting services OMR 100 – 500 per month Opening a Corporate Bank Account in Oman Setting up a corporate bank account is one of the final and most crucial steps in establishing your business in Oman.

Here’s why: 1.

Major Omani Banks and Services for Foreign Businesses Several Omani and international banks offer business banking solutions tailored for foreign investors.

Bank Muscat: Oman's largest bank, Bank Muscat provides a full suite of services including corporate accounts, trade finance, SME support, and treasury services.

Tip: Bank Muscat is often preferred for its fast onboarding and English-language support.

National Bank of Oman (NBO): NBO offers efficient online banking, dedicated relationship managers, and financing options for startups and established businesses.

Oman Arab Bank: Ideal for businesses looking for competitive loan rates, Islamic banking options, and digital tools to manage finances.

Sohar International: This bank is known for personalized SME banking solutions and reliable trade services.

HSBC Bank Oman: A preferred choice for multinational companies due to seamless global banking, forex services, and digital banking.

Note: Most of these banks have branches in Muscat and industrial zones like Sohar, Salalah, and Duqm.

The Process for Opening a Business Bank Account as a Non-Resident Opening a business bank account as a non-resident involves a strict regulatory process.

Initial Approval: Submit a formal application to the selected bank with all company formation documents and personal KYC papers.

Due Diligence: Omani banks follow strict Central Bank guidelines and conduct in-depth due diligence on shareholders and directors to avoid money laundering risks.

Account Activation: The bank will activate the account after verifying that the Commercial Registration (CR) is issued and the initial share capital is deposited.

Tip: Some banks require in-person visits for account signatory verification—even for foreign investors.

Documents Required by Omani Banks from Indian Entrepreneurs Providing the correct documents in a clear and certified format is essential for a smooth approval process.

Company Documents: Commercial Registration (CR) Certificate – Official proof of business formation Articles of Association / Constitutive Contract – Shows business structure and purpose OCCI Membership Certificate – Proof of registration with the Oman Chamber of Commerce Municipal License (if applicable) – Shows legal business operation in a specific locality Personal Documents: Valid passport copies of shareholders and directors Visa & Resident Cards (if available) for local signatories Proof of Indian address (for Indian residents, e.g., Aadhaar card, utility bill) Supporting Documents: Board Resolution to open a bank account (notarized if directors aren’t in Oman) Business Plan detailing operational activities, initial transaction types, and estimated volumes Lease Agreement or utility bill for office premises Note: All foreign documents must be attested by the Indian Ministry of External Affairs and legalized by the Omani Embassy.

Post-Registration Obligations – Tax and Compliance in Oman After incorporation and account setup, foreign businesses must adhere to Oman’s tax, audit, and corporate regulations.

Omani Corporate Tax System Understanding Oman’s corporate tax helps businesses plan their finances efficiently.

Standard Tax Rate: 15% on net profits SME Tax Exemption: 0% for SMEs with revenue below OMR 100,000 and capital under OMR 50,000 Tip: Indian businesses can avoid double taxation under the Oman–India DTAA (Double Taxation Avoidance Agreement).

Value Added Tax (VAT) in Oman VAT compliance is essential for smooth business operations in Oman.

Standard VAT Rate: 5% Registration Threshold: Mandatory if taxable turnover exceeds OMR 38,500 Filing Frequency: Quarterly VAT return filings with supporting invoices and ledgers Tip: VAT penalties apply for late returns or incorrect filings.

Consider appointing a local tax agent.

Annual Audit and Financial Statement Filing Requirements Timely audits and filings ensure regulatory compliance and business transparency.

Mandatory Audit: Required for LLCs with over 10 shareholders or capital > OMR 50,000 Licensed Auditors: Must be Omani-approved CPA firms Submission Deadline: Audited reports must accompany the annual corporate tax filing.

Oman's Labour Laws and Regulations Understanding Oman’s labour law is essential for hiring staff and maintaining HR compliance.

Employment contracts: You must clearly define the job title, duties, salary, leave entitlements, and other terms of employment.

These contracts must also be officially registered with the Ministry of Labour.

Working hours: Working hours are typically capped at 45 hours per week.

If employees are required to work beyond these hours, they must be compensated for overtime.

The overtime rate ranges from 125% to 150% of the employee’s base salary, depending on the timing and nature of the extra work.

Annual leave: A minimum of 30 calendar days of paid annual leave is required after one year of service.

Employers must ensure staff are granted this paid leave regularly.

End-of-service gratuity: It is a mandatory benefit for expatriate employees.

For the first three years of service, they are entitled to 15 days of basic salary for each year worked.

After the third year, the entitlement increases to 30 days of basic salary per year.

Visas and Permits for Indian Investors and Employees All foreign business owners and employees must have valid visas and work permits to operate legally in Oman.

The Investor Visa Investor visas are offered to Indian nationals who establish or invest in an Omani company.

Validity and Fees 5-Year Visa: OMR 300 (Requires certified investment from the Ministry of Commerce) 10-Year Visa: OMR 500 (Higher threshold investment with long-term residency rights) Benefits Long-term stay in Oman Permission to sponsor spouse, children, and dependent family members Exemption from certain employment visa renewals 2.

Employment Visas for Staff Employment visas are issued for skilled Indian professionals under company sponsorship.

Visa Application Process Labour Clearance: Apply to the Ministry of Labour for job quota approval Visa Processing: Submit the approved request to the Royal Oman Police for visa issuance Medical Check & Insurance: Mandatory for all expatriate employees Tiered Visa Fees (2-Year Validity) Top Management (Salary > OMR 4,000): OMR 2,001 Mid-Level Management (OMR 2,500–3,999): OMR 1,001 Specialist/Technical Roles: OMR 601 Other Occupations: OMR 301 Note: Employees must enter Oman within 90 days of visa issuance and undergo biometric and health screening.

Oman Company Registration Certificate The Oman Company Registration Certificate is an official document issued by the Ministry of Commerce, Industry and Investment Promotion (MoCIIP).

This certificate confirms that a company is legally registered and permitted to operate within Oman.

It serves as proof of the company’s legal status and is often required for banking, licensing, and business transactions.

This certificate is an important part of starting and running a business in Oman.

It can be easily downloaded online through the government portal, helping businesses stay compliant and build credibility with customers and partners.

How to Download the Oman Company Registration Certificate?

Downloading your company registration certificate in Oman is straightforward and can be done online.

Follow these steps: Visit the official Oman business portal at business.gov.om.

Access the section listing your registered companies.

Find the company for which you want the certificate.

Click the option to download or print the registration certificate.

How to Check the Company Registration Status?

To confirm a company’s registration status in Oman: Visit the Oman Ministry of Commerce’s official website: business.gov.om.

Locate the company search or verification tool.

Enter the company’s Commercial Registration (CR) number or registered name.

This verification process helps ensure you engage only with legally active companies.

Connect with Easyfilings and let our experts handle the legal hassle while you grow your business.