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Local Sponsorship in Oman

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A local sponsor in Oman plays a crucial role as a guarantor and is responsible for all paperwork on behalf of the foreign investor, including applying for work, residency visas, and opening a bank account in Oman. The local sponsor in Oman can be an individual, a company, or an institution. A local sponsor is responsible for you and need to make sure you are abiding all the business regulations in Oman. It is essential for an investor to comprehend the advantages and disadvantages of choosing an individual or a company as a local sponsor in Oman. Let’s understand more about individual sponsorship and corporate sponsorship. 
 

Individual Sponsorship: An individual sponsor or partner must be an Omani national who will sponsor the business and own at least 30% of the shares in the company. The Omani national needs to be over the age of 21 and have specific qualifications and experience in the same domain. As a business owner, you need not share the profits with your Local business partner in Oman. There can be an agreement with your local business partner in Oman where you have to pay a fixed annual fee in exchange for total power of attorney and control over business activities. 
 

Corporate Sponsorship: The primary advantage of corporate sponsorships is that legal documents are much more robust, and more authority is given to foreign parties to ensure local business partners cannot interfere in the business. It ensures business owners can get 100% of financial benefits from the company along with full control of the business operations. Corporate Sponsorship also provides additional security to users. There can be ownership issues when dealing with individual sponsors in the event that a partner is demised or retires early.  There could be other unforeseen scenarios that might pose a challenge when dealing with individual sponsors. Succession planning and management control can be better mitigated when we proceed with Corporate Sponsorships.

 

Why Choose Gryffin Capitalist?

If you are planning for company registration in Oman and require assistance in local sponsor services, it’s advisable that you do thorough research on the individual or company and choose the option with a good reputation and track record to act as a local business partner in Oman. A local business partner in Oman can also act as an invaluable source of support and can provide with necessary advice and support to overcome the difficult situation.
 

We at Gryffin Capitalist can assist you and act as a secure local sponsor in Oman. Please feel free to reach out to us. Our senior advisors would be happy to provide you with tailored solutions based on your requirements. 

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