Oman Joint Stock Companies

Oman Joint Stock Companies
Joint stock companies that trade their shares publicly are referred to as public joint stock companies (SAOG), and require i) a minimum share capital of OR150,000 (Approx.US$390,000) and ii) an Omani shareholder with 30% of the shares;
Joint stock companies that do not offer shares to the public are known as private joint stock companies (SAOC), and require i) a minimum share capital of OR50,000 (Approx. US$130,000) and ii) minimum of three shareholders, one of which must be an Omani national holding 30% of the total shares;
Any type of joint stock company that involves foreign national participation must have i) a minimum capital of OR150,000 (Approx. 390,000) and ii) seek approval from the Ministry of Commerce and Industry;
 
Features

Oman  JSC	Corporate Details
General
Type of Entity	JSC
Registered Office in Oman	Yes
Shelf company availability	Yes
Our time to establish a new company	7 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	US$1.3Million
Bearer shares allowed	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	Yes
Shareholders
Minimum number	Three
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: We recommend joint stock companies for larger projects, involving large investments of funds or raising private or public capital.
 
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.