A limited partnership is a commercial company that requires at least 1 general partner and 1 limited partner to be registered;

The general partner is liable for the partnership’s debts to the full extent of the partnership’s investment whereas the limited partner is only liable for the partnership’s debt based on their capital contribution;

The general partner must be an Omani national and is obliged to register the limited partnership entity with the Oman Commercial Register.

Features of Oman LP

Oman  LP

Corporate Details

General

  • Type of Entity

LP

  • Registered Office in Oman

Yes

  • Shelf company availability

No

  • Our time to establish a new company

6 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

None

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

No

Shareholders

  • Minimum number

Two

  • Publicly accessible records

Yes

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

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 limited partnerships for those Clients looking to establish their business in Oman to provide professional services such as accounting, auditing or fiduciary services.

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.