01
The company is part of the operating model
Before submission, the product, customers, sales territory, import and export, employees, premises, currencies and regulated functions are recorded. This card determines the type of activity, form, licensing authorities and banking profile.
Broad language in the business plan does not replace the permitted activity code. Actual operations must be subject to commercial registration and special permits.
02
Basic forms of presence
Typical standalone company for operating activities and joint ventures.
Branch of a foreign company: the permissible activities and responsibilities of the parent organization are analyzed.
Project in Duqm, Sohar, Salalah, Al Mazunah or another site under the operator’s rules.
Limited presence without substitution of commercial activity, if the form is permissible for the purpose.
03
100% ownership - not a universal license
The Foreign Capital Investment Law allows full foreign ownership in many sectors and has abolished the general minimum capital. However, the list of prohibited species, industry conditions, approvals, capital requirements of a particular license and land restrictions are checked.
- Ownership
- Composition of participants and actual control
- Activity
- Availability for foreign capital
- Capital
- Realistic budget and special standards
- UBO
- Disclosure of ultimate owners and chain of control
04
Activities and permits
A single project may require commercial registration, a municipal license and industry body approval. Finance, medicine, education, communications, transport, industry, tourism and professional services are examined separately.
- Commercial activity
- Exact product code and description
- Location
- Mainland, free or special zone
- Sector approval
- Regulator before or after CR - by type of activity
- Premises
- Lease, industrial land or zone solution
- Labour
- Quotas, professions and Omanisation
05
Working sequence
- 01Project map
Form, owners, activities, location, licenses and payments.
- 02Oman Business
Account, KYC, name and electronic application.
- 03Constituent documents
Participants, management, capital, powers and address.
- 04CR and licenses
Commercial registration, Chamber and necessary approvals.
- 05Operational launch
Taxes, premises, labor circuit, visas and bank account.
06
Documents of a foreign investor
Passport, address, residence, biography and contact details.
Extract, articles of association, resolutions, directors, UBO and powers of the signatory.
Activities, budget, counterparties, countries and supporting contracts.
Legalization or apostille, translation and validity period - for a specific document.
07
Office, people and Omanisation
A legal address does not replace an operational presence. Licensing, visas and banking require suitable premises, management, staff, costs and the ability to perform the stated functions. The Omanisation standard is determined by sector and current decisions of the authorities.
- Office
- Agreement and permissible purpose of the premises
- Manager
- Real power and accessibility
- Employees
- Work permits, professions and payroll
- Omanisation
- Applicable rate and recruitment plan for Omani citizens
08
What to do after receiving CR
- 01
Obtain the necessary industry and municipal licenses.
- 02
Set up tax registration, accounting and reporting calendar.
- 03
Register the labor outline and register employees.
- 04
Submit a bank KYC dossier with contracts and payment forecast.
- 05
Maintain UBOs, resolutions, annual renewals and CR changes.
09
Selection Matrix
- Local services and trade
- Mainland LLC and exact license
- Port, logistics, production
- Compare Duqm, Sohar, Salalah and industrial cities
- Foreign group with a contract
- Check branch vs separate LLC
- Regulated Finance
- First determine the CBO/FSA perimeter
- Criterion
- Legal activity + substance + bank, not just CR cost