Choose a Business Structure
Consider the best legal setup for your business. Typical options include a Limited Liability Company (LLC) or sole proprietorship. Foreign nationals are obliged by Omani law to have an Omani national partner who possesses 30% or more equity in the company.
Reserve a Business Name
Select an inventive and significant business name according to Omani business name guidelines. For Omani business name registration, submit the name for approval through the MOCIIP- Ministry of Commerce, Industry, and Investment Promotion portal. Are you looking for Company Incorporation Service in Oman?
Submit Required Documents
Prepare & submit all necessary documents, including:
- Completed application form.
- Copy of the shareholders’ identification or passports.
- Address Proof for the business and shareholders.
- Articles of Association (AOA) detailing the business structure and operations.
Register with MOCIIP
You can submit your documents to MOCIIP either online or personally. There is a registration fee that depends on the type of business and its business structure. For business or commercial enterprises that are registered, a certificate of commercial registration is issued after the approval.
Obtain Licenses and Approvals
Seek any particular permits necessary for your commercial operations, in this case, trading. For example, if wholesale trades involve any sector that includes foods, chemicals, or electronics within their scope, they may be required to obtain additional licenses from appropriate agencies. Obtaining a General Trading License in Oman.
Register for Taxation
Ensure to register with the Oman Tax Authority for the purpose of Value-Added Tax (VAT) registration and any other necessary taxes. Get a Tax Card, which is needed for business operations.
Open a Bank Account
Open a corporate bank account in a bank to run your finances in a manageable way.
Call +968 781 98 097 for Business Registration in Oman
Following these steps makes certain that your wholesale trading venture is available for legal registration and operations in Oman. Contact the expert at black swan to get professional support in order to register your Trading company in Oman.