Oman is a great place to start a business, which has long been covered by empire builders for its frankincense and metallurgy, occupies a strategically important location in the region. The Sultanate shares its border with major oil-producing countries. Oman is expected, supported by a well planned Oman 2040 vision to become one of the crucial business hubs in the MENA region soon.
The diversification policy of the government has brought multiple opportunities for entrepreneurial activities and start-ups. If you are a person with a passion for business enterprises and keep a vision for turning dreams into reality, Oman is the right choice for you.
The most profitable investment opportunities in the Sultanate include, but are not limited to;
- Real Estate
- Technology-based company
- Event management
- Restaurant and hospitality
- Travel and tourism
- Facility maintenance
- Commodity store.
The Good news for you to own 100% foreign ownership investment, the Ministry of Commerce, Industry and investment promotions (MOCI) of Oman have issued Royal Decree No: 50/2019, which will take effect on January 2, 2020, and intends to make Oman a more attractive investment destination. This law was enacted to safeguard the stability of foreign investment in the country. The new law includes many incentives and benefits for foreign investments to promote business flow and stability in the Sultanate, as well as economic development.
Come and start your business in Oman, you can choose depending on the type of business activity and your organization structure –
- Limited Liability Company
- Public Joint Stock Company
- Private Joint Stock Company
- Limited Partnership
- Commercial Agency
- Branch Office
- Representative Office.
The new initiatives of the government to promote foreign investment in the Sultanate have made the procedure of forming a company less time-consuming and more convenient. Once you are in touch with the NextaOne team, you can relieve your worry and expect quick processing.
NextaOne can help you to set up your business without single travel.
In Oman, company registration is the process by which a business entity is given a physical platform. There are specific steps that must be taken to begin the process. The procedures related to the incorporation as well as the post-incorporation process that you must follow once you have decided to open a company in Oman are listed below.
- Trade Name Reservation
- Documents Submission
- Register the business in the Oman chamber
- Apply for Investor Visa
- Residency Card
- Virtual Office
- Bank Account
- Initial approvals
- Start Your Operation within one to two weeks
Which documents its required by the investors
- Shareholders’ ID and passport copy
- No Criminal Certificate
- And that’s it
Read Now: How to setup Business in Oman
Let’s talk business & Why NextaOne?
Mr. Ahmed Rashid Al Shukaili has been helping entrepreneurs to set up their businesses for the last ten years & promotes highly efficient, results-driven, and capable business development. Ahmed is an MBA holder and PMP certified, founder of NextaOne Business solutions, Oman Business Finder, Oman Property finder as well as a writer for his magazine that keeps international standards and audiences.
NextaOne is your one-stop-shop for your business with an innovative team that offers strategic solutions in three major domains as Business Solutions, Media Solutions, and IT solutions, business consultation using the tools agile project management, business setup, corporate branding & design, content marketing English & Arabic, web design & development, digital marketing, video productions, social media marketing, Search Engine Optimization and Email marketing
We are looking forward to working with you and always wish the best of luck to All; stay safe and happy.
NextaOne Business Solutions, Muscat, Oman
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