Valsen Corporate

Oman Representative Office

  • While the Omani representative office is 100% foreign-owned and controlled, it is not permitted to make direct sales within Oman. Its scope of activities is limited to i) promotion of the parent company’s business and ii) market research; Representative offices must have i) at least one appointed individual representative ordinarily resident in Oman and ii) are also permitted to sponsor and hire local or foreign employees;

    Features

    Oman  REPRESENTATIVE OFFICE

    Corporate Details

    General
    • Type of Entity

    REPRESENTATIVE OFFICE
    • Registered Office in Oman

    Yes
    • Shelf company availability

    No
    • Our time to establish a new company

    5 weeks
    • Corporate Taxation

    No
    • Access to Double Taxation Treaties

    No

    Share capital or equivalent
    • Standard currency

    US$
    • Permitted currencies

    EUR, USD, GBP
    • Minimum paid up

    None

    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

    Parent Company
    • 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: Representative office are recommended for Clients that wish to promote and explore the Omani market, without carrying any commercial activity in the country.

    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