Feamish Business Solutions is the leading Company Incorporation agency.
As a part of Vision 2040, back in 2019, the government announced the Foreign Capital Investment Law (FCIL), in which the government started to allow foreign individuals to own up to a maximum of 70% of the shares held by their company, and the rest 30% should be held by a local citizen. Since it began to transform Oman's market in a positive way, and to and diversity Oman's market, the government now allows a Foreign Individual or a company to hold even 100% share hold. Foreign ownership of companies in Oman is regulated by the Foreign Capital Investment Law, which allows for up to 100% foreign ownership in certain sectors, subject to certain conditions and restrictions. The new Foreign Investment Law of January 2020, now allows 100% foreign ownership of LLC and introduced the One Person Company SPC
As the name implies, a "foreign ownership company" means a company that is owned by foreign nationalities, whether as sole owners, multiple owners, or even in partnership with Omani nationalities.
To set up a foreign-owned company in Oman, you will need to follow certain steps, including obtaining the necessary approvals from the government authorities, registering the company, obtaining the necessary permits and licenses, and complying with the relevant laws and regulations.
There are several advantages to setting up a foreign-owned company in Oman, including access to the local market, a favorable business environment, low taxes, and a strategic location in the Middle East. However, there are also some challenges and risks to consider, such as the need to navigate the local regulatory environment, cultural differences, and geopolitical risks.
If you are considering setting up a foreign-owned company in Oman, it is important to do your research, seek expert advice, and develop a detailed business plan that takes into account the specific opportunities and challenges of the local market.
There are different legal types of foreign ownership of companies that a foreign can own.
Legal types of Foreign Company
An individual company is a micro company, which is solely owned by an individual without any partners, recently the government has restricted individual companies from migrating to LLC or SPC
LLC is the most common legal type used by medium and large-scale companies, under which you should mandatory have more than 1 shareholder.
SPC is the single-person company commonly used for a medium-sized company with just a single owner, the benefit of SPC over the individual company is we can migrate SPC Company to LLC without any hassle
If you planning to expand your business to Oman, then you can go for the Branch office option, this still ll be LLC or SPC or Individual, the parent company ll be having certain share hold on this cbranch office in Oman.
The benefit of Foreign Ownership Company in Oman
Establishing a foreign ownership company in Oman, or a Feamish, opens up new opportunities for international investors. However, the process can be intricate and demanding without proper guidance. Business Solutions can provide comprehensive assistance throughout the entire journey, from market analysis and legal compliance to company formation and ongoing operational support. With their expertise, you can navigate the complexities of the Omani business landscape and establish a successful foreign-owned company in Oman.
At Feamish Business Solutions we take pride in offering comprehensive support for 100% Foreign Ownership. Our experienced team, streamlined processes, and commitment to your success set us apart. Whether you are a local entrepreneur or an international investor, we are your trusted partner in establishing all types of companies in Oman. Contact us today to embark on a seamless journey towards establishing your business in the vibrant Omani.
Our Services
When it comes to choosing the optimal business structure and ensuring ongoing compliance, we pride ourselves on our meticulous approach.
Setting up a business in Oman with a visiting visa involves registering your business finding a local sponsor can set up a successful business.
Developing a solid strategy and planning process is critical for any organization or business looking to achieve its objectives and succeed.
Business support can provide valuable content in various forms to help businesses succeed. support can offer valuable content to help businesses grow.
Audit and evaluation are two important processes that organizations use to ensure that their operations are running effectively and efficiently.
businesses that are starting up or expanding. consulting with a business mentor can be immensely helpful. That is why consultancy and advice services
These professional advisors offer invaluable insights, guidance, and strategic support to help businesses thrive and achieve their goals.
Oman has been considered the most favoured destination for investment for start-ups as well as established companies.
Besides keeping track of your compliance deadlines, we are proactively monitoring any changes in regulations and advising on how to implement them. Solutions.
Services
Foreign ownership refers to the ownership and control of assets, companies, or property by individuals, businesses.
Starting a new business venture is an exciting and fulfilling journey. one of the crucial steps in establishing a business is the process of company registration.
Are you an ambitious entrepreneur looking to establish your business in an economically vibrant and business-friendly environment?
Feamish Business Solutions offers a range of services to help entrepreneurs and investors establish and grow their businesses in Oman. Our company formation services are designed to save you time, effort, and money by providing comprehensive packages that take care of all aspects of setting up a business in Oman. Our team of experienced professionals is well-versed in Oman's legal and regulatory framework, which makes us the ideal partner for businesses looking to enter the Omani market. We understand that starting a business can be a daunting task, and that's why we're here to guide you every step of the way. We pride ourselves on providing our clients with personalized and customized services, ensuring that each client's unique needs are met. Our goal is to help you establish your business in Oman quickly, efficiently, and with minimal stress. Feamish Business Solutions offers a one-stop-shop for all your business setup needs in Oman. With our comprehensive range of services and experienced team of professionals, we make the process of setting up a business in Oman easy, affordable, and stress-free.
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