Oman LP
A limited partnership is a commercial company that requires at least 1 general partner and 1 limited partner to be registered;
The general partner is liable for the partnership’s debts to the full extent of the partnership’s investment whereas the limited partner is only liable for the partnership’s debt based on their capital contribution;
The general partner must be an Omani national and is obliged to register the limited partnership entity with the Oman Commercial Register.
Features of Oman LP
|
Oman LP |
Corporate Details |
|
General |
|
|
LP |
|
Yes |
|
No |
|
6 weeks |
|
Yes (15%) |
|
No |
|
Share capital or equivalent |
|
|
US$ |
|
EUR, USD, GBP |
|
None |
|
No |
|
No |
|
Directors |
|
|
Two |
|
No |
|
Yes |
|
Anywhere |
|
No |
|
Shareholders |
|
|
Two |
|
Yes |
|
Yes |
|
Anywhere |
|
Company Secretary |
|
|
No |
|
No |
|
Accounts |
|
|
Yes |
|
No |
|
Yes |
|
Yes |
|
Other |
|
|
Yes |
|
Yes |
Best uses: We recommend limited partnerships for those Clients looking to establish their business in Oman to provide professional services such as accounting, auditing or fiduciary services.
The Valsen Advantage
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.