Oman Representative Office
Start your representative office in Oman. Get Hassle-free assistance from Gryffin Capitalist business experts.
- 100% foreign ownership
- Multiple Activities
- Legal Framework
Representative Office in Oman
Oman is the second-largest economy in the Gulf region, with a high, consistent growth rate over the last few decades. It has ranked in 12th position for the efficiency of the Government by the World Economic Forum. The Omani economy has been more open to foreign investors in recent years, offering many opportunities for growth either by working with the Government sector companies or exploring the vibrant private sector. A representative office can be the right way to start understanding the Omani market before making the right big business decisions. Let us learn more about the Oman representative Office.
A representative office in Oman is a legal company structure formed by an established foreign company in Oman to carry out only non-transactional operations in Oman. The representative office is restricted only to conducting promotions on behalf of the foreign parent company and carrying out market research in Oman. It could be the first step towards the foreign company's goal of company registration in Oman.
- Representative Office Regulatory Law governs representative office in Oman
- Representative offices are required to appoint an individual who is an Omani resident to represent the company.
- These offices are allowed to rent/lease office and employ local or foreign staff
- Oman Representative offices can import commercial sample products of the parent company as part of the promotions.
Benefits of Oman Representative Office
- 100% foreign ownership
- Generally, it is more straightforward to establish than a branch or subsidiary due to fewer regulatory requirements.
- Promote parent company product & record response to take major decisions to enter the country
- Provides a platform for understanding the local market and building relationships without significant investment risks.
- Multiple activities were allowed, such as market research, promotion of parent company’s products, and support for business development.
- It provides a legal framework, and it operates according to the Representative Office's regulatory law.
- Lower operational costs since direct sales are not involved.
- Oman has tax-free zones, providing favourable conditions for foreign investors
Process to Open a Representative Office in Oman
The below steps shall guide in setting up an Oman representative office:
The foreign company can register the name of the Oman representative office with the commercial registrar of Oman.
Upon successfully registering the company name, we need to make an initial deposit in a local bank as capital for the representative office.
The next step is to apply and obtain all the required licenses to operate the Oman representative office.
Submit all the documents required to set up an branch office in Oman along with the application to complete the registration process.
The next step is to register with the taxation branch of the Finance Ministry of Oman.
Apply for and obtain a municipal license from the local municipality for your Oman representative office.
As part of the process to open a representative office in Oman, the office must be registered with the Royal Oman Police. The ROP fulfils all the visa requirements.
The Oman representative office must register with the Ministry of Manpower to hire and employ local & foreign staff for the regional office.
The representative office is a must for social protection and public authority.
Documents Required for Setting Up an Oman Representative Office
- Certificate of Registration of foreign parent company
- Memorandum of Association and Articles of Association of parent company
- An authorization letter from the parent company for representative office manager
- Identity documents of authorized signatories
- Specimen signatures of company directors
- Undertaking a letter from the foreign parent company stating that they own the liabilities of the Oman representative office.
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?
Starting a representative office in Oman is an effective strategy for foreign companies looking to explore new markets with minimal risk. By adhering to local regulations and preparing the necessary documentation, businesses can leverage this opportunity to enhance their global presence and engage with Omani consumers effectively.
Gryffin Capitalist, with our team of company formation specialists with years of experience in Oman company formation, will be the right partner in your journey to open a representative office in Oman. Reach out to our consultants about the company registration process in Oman.
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Frequently Asked Questions (FAQs)
Yes, the foreign parent company is liable for all the activities of the representative in Oman.
Yes, the representative office can hire employees in Oman to carry out activities restricted to the representative office.
The primary functions of a representative office are:
- Conducting market research.
- Establishing trading contacts.
- Promoting the parent company's business.
Yes, they can own an Oman representative office.
The company setup process in Oman will vary depending on factors like the documentation completeness and processing times by the authorities.
Yes, Representative offices cannot engage in profit-making activities like selling or importing goods.
