Valsen Corporate

Oman LLC Local Entity

  • 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 of Oman 70% 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$390,000

    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 70% LLC Distinctive Advantage
    • Each shareholder is liable only to the extent of his/her share capital
    • Public subscription for enhancing investment is not permitted
    • A foreign manager can be assigned for the day-to-day management of the business.
    • Omani shareholders usually play no part in the undertakings of the business
    • It is possible to share profits and losses in a ratio different to the share capital ratio.
    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.