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
Type of Entity	LP
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
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	No
Shareholders
Minimum number	Two
Publicly accessible records	Yes
Corporate shareholders allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	No
Local or qualified	No
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 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.

Oman LP

Oman Offering