Oman Joint Stock Companies

Joint stock companies that trade their shares publicly are referred to as public joint stock companies (SAOG), and require i) a minimum share capital of OR150,000 (Approx.US$390,000) and ii) an Omani shareholder with 30% of the shares;

Joint stock companies that do not offer shares to the public are known as private joint stock companies (SAOC), and require i) a minimum share capital of OR50,000 (Approx. US$130,000) and ii) minimum of three shareholders, one of which must be an Omani national holding 30% of the total shares;

Any type of joint stock company that involves foreign national participation must have i) a minimum capital of OR150,000 (Approx. 390,000) and ii) seek approval from the Ministry of Commerce and Industry;

 

Features

Oman  JSC

Corporate Details

General

  • Type of Entity

JSC

  • Registered Office in Oman

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

7 weeks

  • Corporate Taxation

Yes (15%)

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

EUR, USD, GBP

  • Minimum paid up

US$1.3Million

No

  • No-par-value shares allowed

No

Directors

  • Minimum number

Two

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

Three

  • Publicly accessible records

Yes

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Best uses: We recommend joint stock companies for larger projects, involving large investments of funds or raising private or public capital.

 

The Valsen Advantage

  1. Speedy, Efficient and consistent Services.
  2. Relentless effort to obtain bank accounts.
  3. Expert advice on structuring options.
  4. Dedicated ongoing compliance support.