Oman has become a popular destination for entrepreneurs and businesses looking to expand in the Middle East. With its strategic location, stable economy, and investor-friendly policies, the country offers excellent growth opportunities. One of the most significant changes in recent years is the introduction of 100% foreign ownership in most sectors, making it easier for international investors to set up businesses without needing an Omani partner. This change, along with various business structures like One Person Company (SPC), SAOC, and SAOG, provides flexibility for different types of businesses. If you’re thinking about starting a company in Oman, this guide will help you understand the process and why Gateway Trade LLC is your best partner for company formation and PRO services.
Why Start a Business in Oman?
Oman’s location at the crossroads of the Middle East, Asia, and Africa makes it a strategic hub for trade and commerce. The government has implemented several reforms to attract foreign investment, including allowing 100% foreign ownership in most sectors (with a few exceptions). This means you can now own and operate your business without the need for a local partner in many cases. Additionally, Oman offers a stable economy, excellent infrastructure, and access to the Gulf Cooperation Council (GCC) market, which includes over 50 million consumers.
Steps to Start a Business in Oman
Choose the Right Business Structure: Choose through MOCIIP whether you want to set up an SPC, LLC, SAOC, or SAOG based on your business goals.
Reserve a Trade Name: Choose a unique name for your company and get it approved by the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP).
Obtain Initial Approval: Submit the necessary documents, including a business plan, to MOCIIP for initial approval.
Register Your Company: Once approved, your company will be registered, and you’ll receive a commercial registration certificate.
Secure Licenses: Depending on your business activity, you may need additional licenses from relevant authorities.
Open a Corporate Bank Account: Open a bank account in Oman to manage your company’s finances.
Obtain Visas for Employees: If you’re hiring foreign employees, you’ll need to apply for work visas and residency permits.
Why Choose Gateway Trade LLC?
At Gateway Trade LLC, we specialise in company formation and PRO services in Oman. Whether you’re setting up an SPC, LLC, SAOC, or SAOG, we’ll guide you through every step of the process. Our services include:
Company registration and licensing
PRO services for visa processing, labour contracts, and government approvals
Assistance with opening corporate bank accounts
Administrative, Legal and Compliance Support
Contact us today at info@gatewaytradellc.com to get started on your business journey in Oman. We’re your trusted partner for company formation and PRO services in Oman.
