Oman Branch Office

Oman’s Commercial Companies Law limits the activities of branches not owned by GCC or US shareholders to government contracts or to areas economically necessary for Omani development. In both cases, branches are required to have a local agent to sponsor Oman visas and licenses; The branches are also required to obtain approval from the Ministry of Commerce and Industry (MOCI) and the license is only valid for the duration of the project. To issue an operations license, the ministry will require a bank guarantee of US$390,000;

Features of Oman Branch Office

Oman Branch Office	Corporate Details
General
Type of Entity	Branch Office
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
Bearer shares allowed	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: This type of business entity is only recommended for Clients that have already secured a project contract with the Omani government.

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

Oman Branch Office

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