Are you a foreign investor who wants to start a business in Oman? Good news! Oman now lets foreigners own 100% of many companies. This started in 2020 with a new law. It makes Oman an excellent place for business. We explain the rules, steps, fees, and time it takes. We use simple words to help you understand. If you need assistance, please get in touch with Gulf Core Services for expert guidance.

What is 100% Foreign Ownership in Oman?

100% foreign ownership means that, as a foreigner, you can own the entire company. You do not need an Omani partner. This is allowed in most business areas, like tech, manufacturing, and consulting. However, certain sectors, such as defense or telecommunications, may have specific limitations or require additional approvals. The main company type for this is a Limited Liability Company (LLC). It protects your personal assets if the business encounters financial difficulties.

Rules and Requirements

Here are the basic rules for 2025:

• Ownership: Foreigners can own 100% in most sectors. No local partner needed.
• Shareholders: You need at least 2 owners for an LLC.
• Capital: No minimum money needed in most cases. But some activities may ask for it.
• Office: You must have a real office in Oman. Rent or buy one and register it.
• Taxes: Company tax is 15% on profits. No tax on personal income.
• Other Rules: Follow labor laws for hiring. Get approvals if your business needs them. You can take profits out of Oman freely.

In 2025, rules are simpler. You can do most things online through the Invest Easy portal. This saves time.

Step-by-Step Guide to Form Your Company

Follow these steps to set up your company:

1. Choose a Name: Pick a unique name for your business. Check if it is free and get it approved by the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP).
2. Prepare Documents: Make the Articles of Association. This paper says what your company does, who owns it, and where it is. Get it signed and notarized.
3. Open a Bank Account: Deposit any necessary capital. Get a certificate from the bank.
4. Get Approvals: If your business requires special approval from other offices, obtain them now.
5. Register with MOCIIP: Send all papers to MOCIIP for main registration. This is online.
6. Join Chamber of Commerce: Sign up with the Oman Chamber of Commerce and Industry.
7. Register for Taxes: Get a tax card from the tax office.
8. Sign Up with Labor Ministry: For hiring workers and following job rules.
9. Get Licenses: Apply for any extra permits based on your business type.

You will need documents such as passports, office leases, and no-objection letters, if applicable.

Fees and Costs

Costs are not too high. Here is a simple list for 2025:

• Name Reservation: Low cost, part of registration.
• Commercial Registration: OMR 50 to 150 (about USD 130 to 390).
• Chamber Membership: OMR 50 to 200 per year.
• Notarization: Depends on your papers, but varies.
• Other Costs: Office rent, bank fees, and help from experts if you use them.

Total government fees start from about USD 600. If you hire a service like Gulf Core Services, it may cost more but saves time.

Timeline

How long does it take? In 2025, it is faster because of online tools.

• Name Check: 1-2 days.
• Prepare Papers: 3-5 days.
• Registration and Licenses: 5-10 days.

Full process: 2 to 4 weeks on average. It can be quicker in free zones. Delays happen if you need extra approvals.

Tips for Success

• Research your market first.
• Use free zones for extra benefits like no taxes for years.
• Get help from locals or experts to avoid mistakes.
• Stay updated on rules, as Oman wants more foreign business.

Ready to start? Oman is open for you! Contact Gulf Core Services today for a free chat. We help with setup in Oman and the GCC. Visit https://gulfcoreservices.com/ or call us. Let’s make your business dream real!