All local companies are required to have i) two shareholders and one director (who can be the same persons) ii) a minimum paid up capital of OR150,000 (Approx.US$390,000) and iii) a local address. Of the two required shareholders, one must be a national of Oman, of a GCC State or of the USA and must own 30% of the company’s shares;

Since the signature of the 2009 Free Trade Agreement with the USA, American citizens are treated as local citizens and are therefore allowed to form local companies without a local partner, provided that all of the shareholders are American. For such cases, the minimum share capital is set at only OMR20,000 (Approx. US$52,000) and is not required to be paid up;

Features Oman LLC

Oman  LLC

Corporate Details

General

  • Type of Entity

LLC

  • Registered Office in Oman

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

6 weeks

  • Corporate Taxation

Yes (15%)

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

EUR, USD, GBP

  • Minimum paid up

US$52,000

No

  • No-par-value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

Two

  • 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

Oman LLC Distinctive Benefit

  • The setting up of an Oman LLC requires only one director and two shareholders of any nationality
  • An Oman LLC can also be 100% foreign owned
  • No corporate tax
  • Quicker to form
  • No personal income tax

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.