While the Omani representative office is 100% foreign-owned and controlled, it is not permitted to make direct sales within Oman. Its scope of activities is limited to i) promotion of the parent company’s business and ii) market research;

Representative offices must have i) at least one appointed individual representative ordinarily resident in Oman and ii) are also permitted to sponsor and hire local or foreign employees;

Features

Oman  REPRESENTATIVE OFFICE

Corporate Details

General

  • Type of Entity

REPRESENTATIVE OFFICE

  • Registered Office in Oman

Yes

  • Shelf company availability

No

  • Our time to establish a new company

5 weeks

  • Corporate Taxation

No

  • 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

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

Parent Company

  • 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: Representative office are recommended for Clients that wish to promote and explore the Omani market, without carrying any commercial activity in the country.

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