IMC has the experience and expertise to advice customers on the suitable company type taking in to account the laws of the land and the unique customer’s needs. We have the experience having handled different industries and geographies across the world. We understand finance and the legal framework required to handle a company’s operations. We will advise on the percentage of shareholding allowed for foreigners, and the rights which go with that percentage and other such business matters. IMC has been operating in GCC for over 10 years. With a partnership in Oman, IMC is closer to the customer with a better understanding of the Oman CompanyLaws and Practices.
Having decided on the type and structure, we can assist in every step of the way starting from drafting the incorporation documents, listing out the documents required to be filed, documents to be notarized and other formalities. We can advise on the licenses required for specific industries. If a local attorney or a CPA need to be hired, we will handle this. We will coordinate filing the applications, getting the name approved and all the steps required. We can also assist in opening the bank account for the company.
|Type||Limited Liability Company (WLL)|
|Under Oman law, foreigners can own||70%|
|Share Capital||OMR 20,000|
|Memorandum and Articles of Association||Yes|
|Can the entity hire expatriate staff in Oman||Yes|
|Tax Registration Certificate Required||Yes|
|Statutory audit required||Yes|
|How long to open Corporate Bank Account||3 weeks|
|Annual Return||Must be filed|
|Annual Tax||Must be filed|
|Timeframe for Incorporation:||3 weeks|
|Access to Oman double tax treaties||Yes|