Branch Office in Oman
Are you planning to start a branch office in Oman? Gryffin Capitalist can assist you with the company registration.
- Local Representation
- Regulatory Compliance
- Publicly Accessible Records
The Sultanate of Oman, a historical trade hub with many entry ports along its coast, served as an entrepot to the Arabian Peninsula for spices and other goods from Asian countries. Oman has formulated five-year plans under its flagship program, ‘Vision 2020,’ which opened doors for foreign businesses to be part of its economic growth. There are many ways in which foreign companies can set up a business in Oman. A branch office in Oman can be the pathway for an already established foreign business to conduct business in Oman.
What is a Branch Office in Oman?
A branch office is the extended arm of an already registered company and acts as an outlet for the company headquartered in a foreign country. The activity of the branch office in Oman will be the same as that of the headquarters. Approval is required from the company headquarters to do any activity.
Foreign companies looking for company registration in Oman can open a branch office only when the foreign company enters into a contract with a quasi-government or government entity. A public company is a stock company that holds Government shares or with a company that a Royal Decree registered. However, the companies should note that the branch office in Oman will only be permitted till the execution of the project is complete. The branch office cannot conduct any non-permitted activities and engage with private sector companies.
All the documents of the parent company required to open a branch office in Oman must be notarized by the Embassy of Oman. A minimum 12% tax is applicable on an Oman branch office of a foreign company. Local agents are required to obtain licenses and sponsor the visas of the branch personnel.
Benefits of Branch office in Oman
The branch office allows 100% foreign ownership in Oman. The following are some of the benefits of a branch office:
- No Minimum paid-up capital requirement
- Local Representation
- 100% Foreign Ownership
- Full Control for Parent Company
- Regulatory Compliance
Process to Set up a Branch Office in Oman
Please refer the below steps to open a branch office in Oman.
A foreign company willing to set up a branch office in Oman needs to submit an official request to the Investors Service Department stating the intent to start a branch office. We will apply to the authority.
Collect all the required documents from the headquarters, and the proposed branch representative must submit them to the authorities. It includes drafting and submitting a memorandum of association.
Upon successful submission of the duly filled form and necessary supporting documents along with the fee, the applicant will receive an application number on the registered email to track the status of the application.
The authority may demand the applicant to submit a bank guarantee of USD 39,000 to complete the process.
Upon thorough due diligence, the authority will approve the operational license for the branch office in Oman with validity linked to the project timeline.
We need approvals from the Ministry of commerce, Royal Oman Police, Ministry of Manpower, etc.
Documents Required to Open a Branch Office
- Certificate of Incorporation/Registration of foreign parent company
- Articles of Association & Memorandum of association of foreign parent company
- Authorisation letter from the foreign parent company to the branch office
- ID cards copies of the proposed caretaker manager /signatory representing the foreign company
- Specimen signature certificates of the proposed caretaker/signatory representing the foreign company
- Power of attorney in favour of the branch manager/caretaker from the foreign company
What our clients say
Gryffin Capitalist made the process of setting up my business in Oman seamless and stress-free. The team assisted me through every step of company registration.
Gryffin Capitalist made setting up our business in Oman a stress-free experience. They handled the paperwork and guided us step-by-step through Oman’s legal requirements.
Gryffin Capitalist made starting my business in Oman a seamless process. Their expertise in Oman laws ensured a smooth setup process. I recommend GC to anyone.
Why Choose Gryffin Capitalist?
Oman offers great business opportunities for foreign companies to expand their services. Foreigners looking to open a branch office should consider many factors to make sure to obtain approvals on time without delay. The process can be cumbersome if it is not executed correctly as it involves coordinating with multiple agencies. Any delay in approvals to open a branch office in Oman may impact the delivery of the project.
It is strongly advised to take assistance from the expert consultants to ensure the incorporation process is smooth and completed without delays. We at Gryffin Capitalist are a team of expert consultants with years of experience in company formation in Oman. Our advisors can help you to open a branch office in Oman by providing the right guidance.
Quality Professionalism
High Confidentiality
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Popular Services in Oman
We have selected the services that entrepreneurs and business owners often seek when they consider Oman to start a business.
Frequently Asked Questions (FAQs)
The branch office license is valid till the completion of the project.
No, the foreign company branch offices cannot do business with private Omani companies.
- Full ownership: The parent company retains 100% ownership of the branch.
- No minimum capital requirement: Unlike other business structures, there is no minimum capital needed.
- Simplified administration: The administrative setup is more straightforward compared to setting up a subsidiary.
The duration varies depending on the completeness of documentation and processing times at government offices. But it can take weeks to complete all the steps.
There is no minimum capital requirement. Branch offices should maintain enough financial resources to cover the operational costs and liabilities incurred during their tenure in Oman.
Yes. Foreign companies must have an Omani citizen as a local sponsor.
