Valsen Corporate

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

    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.

    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.