Shelf Company in Oman

A shelf company in Oman, also called a pre-registered company or a ready-made company, is already incorporated with the government but has not engaged in any business activity. These companies are readily available for purchase, allowing individuals or businesses to bypass the lengthy setup process.

Key Factors about the Shelf Company in Oman

Here are some key factors that will help you in incorporating a shelf company in Oman:

The company is already registered with the Omani government with a valid trade register number.
No business activity has been conducted, ensuring clean financial records.
Anyone can buy the company and start their business activities, skipping the incorporation process.
Purchasing an Omani shelf company will save you time and money.
The new owner can quickly start operating the business without any hassle.

Benefits of Starting a Shelf Company in Oman

The following are the benefits of starting a shelf company in Oman:

Tax Benefits

A shelf company that has been established for some time can qualify for tax exemptions. Read more about the taxes in Oman in detail.

Government Contracts

Government projects often have restrictions on company age. Buying a shelf company allows you to bid on these projects, even if you just purchased it.

Helps in Building Trust

A new company might not seem reliable to customers, but an Omani shelf company, due to its established age, is more likely to be trusted.

Easy Availability of Loans

Banks may hesitate to provide loans to new companies, but with a shelf company, you can easily avail of loans without many restrictions.

Special Requirements

Requirements like special licenses and having more than 2 shareholders are mandatory for some companies, but a shelf company in Oman can help meet these requirements quickly.

How to Start a Shelf Company in Oman

If you are interested in a shelf company registration in Oman, follow the process listed below:

Choose a Business Structure

Decide on the suitable business structure, such as a sole proprietorship with 1 shareholder or a Limited Liability Company (LLC) with more than 1 shareholder. All entities in Oman require a general manager with a proper visa.

Decide a Business Name

Decide on 3 names for your business and suggest them to the authority. Adhere to governmental norms when choosing names:

Avoid offensive names.
Avoid religious or deity names.
Select names related to your business activity.
Ensure the name is unique and not a duplicate.

Apply for a Visa

You can apply for more than 1 visa, depending on your business size. Submit the application to the Royal Oman Police for verification. The processing time is 3 to 5 working days.

Rent/Lease Office Space

Physical office space is required for some business activities to serve as address proof. With this space, you can apply for Ejari from the relevant authority.

Open a Corporate Bank Account

Opening a corporate bank account is required for all types of businesses. Choose the bank wisely based on your requirements.

Payment to the Relevant Authority

After meeting all the requirements, make the payment. Fees vary depending on the chosen business activity.

Open the Company

Submit all documents and wait for approval. Start your business activity once you receive approval and the necessary license.

Required Documents to Open a Shelf Company in Oman

Here is the list of documents required to open a shelf company in Oman:

ID Proof: Passport copies and passport-size photos of all shareholders and directors.
Valid Visa: Copy of a valid visa for all shareholders and directors, valid for 2 years.
Name Suggestion: Decide on 3 business names and suggest them for trade name registration.
Application Form: Fill in the required information, such as business structure, business name, and chosen activity.
Memorandum of Association (MoA): Outlines the company’s objectives.
Articles of Association (AoA): Details the internal regulations, including shareholder information and their roles.
Address Proof: Document with passport information or Emirates ID, including the address of shareholders and directors.
No Objection Certificate: Consent from your sponsor to engage in the business activity.
Other Documents: Additional documents depending on your business activity or location. Some activities may require special approvals and licenses.

Seeking Professional Help

The business setup process in Oman can seem complex. If you are new to Oman and want a hassle-free process, it is highly recommended to consult an expert. Sanad Services Center can handle your company setup process efficiently, allowing you to focus on your business.