Oman Wholly Foreign-Owned LLC

All local companies are required to have i) two shareholders and one director (who can be the same persons) ii) a minimum paid up capital of OR150,000 (Approx.US$390,000) and iii) a local address. Of the two required shareholders, one must be a national of Oman, of a GCC State or of the USA and must own 30% of the company’s shares;
Since the signature of the 2009 Free Trade Agreement with the USA, American citizens are treated as local citizens and are therefore allowed to form local companies without a local partner, provided that all of the shareholders are American. For such cases, the minimum share capital is set at only OMR20,000 (Approx. US$52,000) and is not required to be paid up;
Features Oman LLC

Oman  LLC	Corporate Details
General
Type of Entity	LLC
Registered Office in Oman	Yes
Shelf company availability	Yes
Our time to establish a new company	6 weeks
Corporate Taxation	Yes (15%)
Access to Double Taxation Treaties	Yes
Share capital or equivalent
Standard currency	US$
Permitted currencies	EUR, USD, GBP
Minimum paid up	US$52,000
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	Two
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

Oman LLC Distinctive Benefit

• The setting up of an Oman LLC requires only one director and two shareholders of any nationality
• An Oman LLC can also be 100% foreign owned
• No corporate tax
• Quicker to form
• No personal income tax

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.