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The Ministry of Commerce, Industry, & Investment Promotion (MoCI) has allowed investors to update the commercial registration through service delivery offices. This service allows investors, authorized signatories, or delegated persons to update commercial registration. The applicant has full responsibility for the commercial registration data updates. All Omani citizens and foreigners with an Oman ID, Resident Card, or Passport can use the service.
To update a CR the investor needs to visit service delivery offices or open the investeasy portal ( https://www.business.gov.om/ieasy/wp/en/ ) ( https://www.business.gov.om ). After this, select the CR you need to update and start the service. If additional documents are needed, scan them with sufficient quality, one document per file. If the requirements have been met and all the documents are prepared, you can continue the update process. To submit the application, all required fields in the form must be filled in. Investors from the USA and GCC countries follow the same investment rules as Omanis. The rules for other foreign investments are different for each business entity.
Each legal type has a different number of required documents and forms. For individual firms, only an Authorized Signatories Form is needed; for other legal types, a longer list of documents is needed. All of the shareholders must be able to provide a digital signature via the PKI or a signature in the application letter. A CR update is done instantly, as soon as the application has been signed by signatories. For business activities, license approval is required to start doing business. Before obtaining a license, you can start doing preparatory work, such as renting rooms and opening a bank account. Business activities can commence as soon as a license has been approved. Each legal type has different update fees.
We at Feamish Business Solutions can make the process seamless; in just 3 to 4 working days, we can complete the entire process. If you have any missing documents, Feamish Business Solution can help you overcome that.
At Feamish Business Solutions, we pride ourselves on providing seamless solutions for commercial registration. Our dedicated team of experts understands the complexities and requirements involved in the registration process, and we are committed to making it as smooth and hassle-free as possible for our clients.
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When it comes to choosing the optimal business structure and ensuring ongoing compliance, we pride ourselves on our meticulous approach.
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Audit and evaluation are two important processes that organizations use to ensure that their operations are running effectively and efficiently.
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Besides keeping track of your compliance deadlines, we are proactively monitoring any changes in regulations and advising on how to implement them. Solutions.
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Commercial registration provides businesses with legal recognition and establishes their legitimacy. It enhances their credibility and fosters trust among customers, suppliers, and investors.
Depending on the jurisdiction, commercial registration can offer tax advantages, including deductions for business expenses, exemptions, and preferential tax rates for certain business types or sectors. Registering can help optimize tax planning strategies and minimize tax obligations.
Commercial registration lends a professional image to a business, making it easier to attract clients, partners, and top talent. It also opens up networking and collaboration opportunities within the business community, industry associations, and trade organizations.
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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