Official Name: Oman
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- Helping to prepare your documents
- Start to finish your company registration process
- Immigration services
Geography:Oman, located on the southeastern coast of the Arabian Peninsula, is a country of diverse landscapes. The country boasts stunning coastlines along the Arabian Sea and the Gulf of Oman, with pristine beaches and coral reefs. Inland, the rugged Al Hajar Mountains rise majestically, providing a striking contrast to the vast desert expanses. Oman’s geographical diversity is a treasure trove for adventure seekers and nature enthusiasts.
History:Oman has a storied history that dates back thousands of years. It was a major center of trade and maritime activity, with Omani sailors navigating vast distances in traditional sailing vessels called dhows. The country’s strategic location led to the rise of ancient civilizations, including the Sumerians, Persians, and the Parthians.
The Omani Empire reached its zenith in the 19th century when its influence stretched across East Africa, including Zanzibar and parts of present-day Kenya. In the late 20th century, Sultan Qaboos bin Said Al Said embarked on a modernization campaign, transforming Oman into a progressive and peaceful nation.
Culture:Oman’s culture is deeply rooted in its Islamic heritage, and the Omani people take great pride in their traditions and values. Hospitality is a hallmark of Omani culture, with guests often receiving a warm and generous welcome. The country’s traditional music, dance, and cuisine reflect the rich tapestry of its history and the influence of its maritime heritage.
Oman also cherishes its ancient crafts and practices, such as shipbuilding, pottery, and silver jewelry making, which are preserved and celebrated as part of the national identity.
Economic:Oman’s economy has historically relied on trade, fishing, and agriculture. In recent decades, the country has diversified its economy, reducing its dependence on oil and gas. The government has invested in infrastructure, education, and healthcare to support economic diversification.
Tourism is a growing sector in Oman, drawing visitors with its natural beauty, historical sites, and cultural attractions. Additionally, Oman is strategically positioned as a logistics and transportation hub, connecting Asia, Africa, and Europe.
Politics:Oman’s political system is an absolute monarchy, with the Sultan serving as the head of state and government. Sultan Qaboos bin Said Al Said ruled Oman from 1970 until his passing in 2020, earning admiration for his progressive policies, diplomacy, and efforts towards modernization.
After Sultan Qaboos’s passing, Sultan Haitham bin Tariq Al Said assumed the throne, continuing the country’s trajectory of development and political stability. Oman’s government emphasizes consultation and public participation, with citizens having the opportunity to express r views through the Consultative Council.
Challenges and Prospetheicts:Oman faces various challenges, including the need to diversify its economy further and address youth unemployment. The country is taking steps to enhance vocational training and promote private sector growth to create more job opportunities.
Oman is also mindful of maintaining its cultural heritage and environmental sustainability while embracing modernization. Balancing tradition and progress is a delicate task, and Oman’s leadership aims to preserve the nation’s unique identity while embracing innovation and development.
The country’s strategic location and diplomatic efforts position Oman as a mediator in regional conflicts and an advocate for peaceful resolutions. Oman’s neutral stance has earned it respect and credibility on the global stage.
In conclusion, Oman is a captivating destination that embraces its rich history, cultural heritage, and natural splendor while progressing towards a brighter future. The country’s commitment to inclusive development, diplomacy, and sustainability demonstrates its aspirations to be a model of harmony and progress in the Arabian Peninsula and beyond.
Types of company registration
Limited Liability Company (LLC):An LLC is one of the most common types of company structures in Oman.
Requires a minimum of two shareholders and can have up to 40 shareholders.
The liability of shareholders is limited to their share capital.
At least 30% of the share capital must be held by Omani nationals or wholly owned Omani companies.
Management and operations are overseen by a manager or a board of managers.
Suitable for small to medium-sized businesses.
Joint Stock Company (SAOC):A joint stock company is suitable for larger businesses with multiple shareholders.
The company’s capital is divided into shares, and shareholders’ liability is limited to their share capital.
Requires a minimum of three shareholders and no maximum limit.
Shares can be transferred more easily than in an LLC.
Suitable for larger enterprises with more complex structures.
Simple Commandite Company (SCC):A type of partnership where there are two types of partners: active partners (Omani nationals) and sleeping partners (limited liability partners).
Active partners manage the business, while sleeping partners provide capital.
Sleeping partners have limited liability, while active partners have unlimited liability.
Closed Joint Stock Company (SAO Closed):Similar to a regular joint stock company (SAOC), but the shares of a SAO Closed cannot be publicly traded.
Suitable for businesses that want the structure of a joint stock company but without public share trading.
Branch of a Foreign Company:Allows a foreign company to establish a branch or representative office in Oman to conduct specific activities.
The foreign company remains liable for the obligations of the Omani branch.
Representative Office:Allows a foreign company to establish a presence in Oman for non-commercial activities such as market research, promotion, and liaison.
Single Person Company (SPC):Introduced to encourage small and micro-businesses.
Allows a single natural or juridical person to establish a limited liability company with limited share capital.
Advantages of company registration in Oman
Access to the Gulf Market: Oman’s strategic location on the southeastern tip of the Arabian Peninsula provides businesses with proximity and access to the larger Gulf Cooperation Council (GCC) market, which includes countries like the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, and Kuwait. This can be advantageous for companies seeking to tap into the broader regional market.
Political Stability: Oman has a stable political environment with a history of peaceful transitions of power. This stability can provide a secure and reliable foundation for businesses to operate within the country.
Business-Friendly Regulations: Oman has taken steps to improve its business environment, including simplifying registration processes and reducing bureaucracy. The government has also made efforts to enhance foreign investment and ease of doing business.
Tax Benefits: Oman has a favorable tax regime, with no personal income tax and low corporate tax rates. The corporate tax rate is generally 15%, but it may be lower or have exemptions in certain cases.
Free Zones: Oman has established free trade zones and industrial estates that offer various incentives to businesses, such as exemptions from customs duties, full foreign ownership, and streamlined administrative processes. Some notable free zones include the Salalah Free Zone, Sohar Port and Freezone, and Al Mazyunah Free Zone.
Skilled Workforce: Oman has invested in education and workforce development, resulting in a growing pool of skilled labor, which can be beneficial for businesses requiring skilled or specialized employees.
Infrastructure Development: Oman has made significant investments in infrastructure, including transportation, logistics, and telecommunications, to support economic growth and connectivity. This infrastructure development can facilitate business operations and trade.
Access to Natural Resources: Oman is rich in natural resources, including oil, natural gas, and minerals. Companies operating in industries related to these resources can benefit from access to local reserves and potential partnerships with Omani entities.
Tourism Opportunities: Oman’s growing tourism industry provides opportunities for businesses related to hospitality, travel, and related services. The country’s natural beauty and historical sites make it an attractive destination for tourists.
Cultural and Historical Heritage: Oman’s rich cultural and historical heritage can be leveraged by businesses involved in cultural tourism, handicrafts, and heritage-related products and services.
Investment Incentives: The government of Oman has introduced various investment incentives and initiatives to attract foreign investment. These incentives may include tax breaks, grants, and other support for specific industries or projects.
- Website: Bank Muscat
National Bank of Oman (NBO):
- Website: National Bank of Oman
HSBC Bank Oman:
- Website: HSBC Bank Oman
- Website: Bank Dhofar
- Website: Ahli Bank
Oman Arab Bank (OAB):
- Website: Oman Arab Bank
Ahli United Bank:
- Website: Ahli United Bank
- Website: Bank Sohar
Alizz Islamic Bank:
- Website: Alizz Islamic Bank
Majan International Bank:
- Website: Majan International Bank
The top universities in Oman
Sultan Qaboos University (SQU)
Location: Al Khoudh, Muscat
Major Courses: Medicine, Engineering, Business Administration, Computer Science, Education
University of Nizwa
Major Courses: Engineering, Computer Science, Business, Law, Education
Major Courses: Business Administration, Engineering, Computer Science, Applied Health Sciences
Majan University College
Major Courses: Business, Computer Science, Information Technology, English Language and Literature
Major Courses: Business Administration, Information Technology, Engineering
Caledonian College of Engineering
Major Courses: Engineering (Civil, Mechanical, Electrical, etc.)
Middle East College
Major Courses: Engineering, Business, Computer Science, English Language Studies
German University of Technology in Oman (GUtech)
Major Courses: Engineering, Applied Geosciences, Urban Planning
Oman Tourism College
Major Courses: Tourism Management, Event Management, Hospitality
Modern College of Business and Science
Major Courses: Business Administration, Computer Science, Information Systems
Strange or unusual to visitors in
Traditional Dress: Omani men often wear the dishdasha, a long white robe, and a kuma (embroidered cap), while women wear abayas and headscarves. This traditional attire might stand out for visitors from more Westernized cultures.
Frankincense Burning: The use of frankincense is deeply ingrained in Omani culture, and visitors might encounter the distinct and pleasant smell of frankincense being burned in various places, including homes, markets, and mosques.
Friday Market Closures: Many businesses and markets close on Friday mornings due to the Friday prayers. This practice might be unusual for visitors accustomed to continuous shopping hours.
Public Prayer Calls: The call to prayer (adhan) is broadcast over loudspeakers from mosques multiple times a day. This auditory reminder of prayer times might be unexpected for visitors.
Muttrah Souq Customs: At traditional markets like Muttrah Souq in Muscat, bargaining is common. Visitors might find the haggling process unique if they are not accustomed to it.
Diverse Landscapes: Oman boasts a diverse range of landscapes, from deserts to mountains to coastal areas. The stark contrasts in scenery within relatively short distances might be surprising to visitors.
Desert Hospitality: Visitors might be invited into the homes of locals for tea or dates, exemplifying the traditional Omani hospitality, even in the midst of the desert.
Friday Family Picnics: Many Omani families gather at parks or scenic spots on Fridays for picnics, a leisurely practice that might seem unusual in some cultures.
Date Fruits: Dates are a staple of Omani cuisine and are often offered to guests as a gesture of hospitality. The wide variety of dates available might be surprising to visitors.
Wadi Swimming: Wadis (dry riverbeds) are popular spots for swimming and picnicking. The sight of lush oases amidst arid surroundings might be unexpected.
Camel Racing: Camel racing is a traditional sport in Oman, and visitors might find it intriguing to watch these majestic animals race across the desert tracks.
Traditional Fishing Methods: In coastal towns, visitors might witness traditional fishing practices such as using dhows (traditional boats) and nets, which can offer a glimpse into the local way of life.
Laws and Regulations: Oman has strict laws and regulations related to public behavior, dress codes, and respect for local customs. Visitors may need to adjust their behavior to adhere to these cultural norms.
“Tips for Newcomers: Adjusting to Life in Oman”
Embrace the Culture: Take the time to learn about Omani culture, traditions, and customs. This will help you understand and connect with the local community.
Learn Basic Arabic Phrases: While many people in Oman speak English, learning some basic Arabic phrases can enhance your interactions and show your respect for the local language.
Respect Local Customs: Oman is a conservative society with strong Islamic traditions. Dress modestly, especially in public places and religious sites, and be mindful of local norms.
Connect with Locals: Engage with Omani locals and expatriates alike. Join social groups, attend community events, and make an effort to build relationships.
Understand the Work Week: The Omani workweek usually starts on Sunday and ends on Thursday. Be aware of this schedule for work and business interactions.
Experience the Cuisine: Sample traditional Omani dishes and flavors. Enjoy local specialties like shuwa (slow-cooked lamb) and dates, and explore the diverse culinary scene.
Explore the Landscape: Oman offers breathtaking landscapes, from deserts to mountains to coastal areas. Take the opportunity to explore and appreciate its natural beauty.
Adapt to the Climate: The climate can be hot and arid, especially during the summer. Stay hydrated, wear appropriate clothing, and plan outdoor activities accordingly.
Respect Prayer Times: The call to prayer (adhan) occurs multiple times a day. Be respectful during these times and avoid loud activities near mosques.
Travel Safely: If you plan to explore the country, be sure to follow travel advisories, inform someone of your plans, and take necessary precautions.
Healthcare: Familiarize yourself with healthcare facilities and services available in your area. Have proper medical insurance and emergency contacts.
Driving and Traffic Rules: If you plan to drive, understand Omani traffic rules and road conditions. Make sure you have the necessary documents for driving.
Cultural Sensitivity: Be sensitive to cultural differences, especially regarding topics like religion, politics, and social norms.
Stay Informed: Keep up with local news and updates to stay aware of any developments that might affect your daily life.
Maintain Flexibility: Adjusting to a new culture takes time. Be patient with yourself and embrace the opportunity to learn and grow.
Build a Support Network: Connect with other expats, join online forums, and seek support from your embassy or consulate if needed.
Understand Banking and Finance: Familiarize yourself with local banking practices, currency, and ATMs to manage your finances smoothly.
Cultural Etiquette: Learn about Omani social etiquette, including greetings, gift-giving, and dining customs.
Preserve the Environment: Oman places a strong emphasis on environmental conservation. Respect nature and follow eco-friendly practices.
Have an Open Mind: Approach your new life in Oman with curiosity and an open mind. Embrace the differences, enjoy the journey, and create meaningful memories.
Top recruitment agencies in Oman
Bahwan CyberTek (BCT)
Al Nahdha Group
Carillion Alawi LLC
Manav Corporate Consultants
Resource Management Group Plus (RMG+)
Talent Management Consultancy
Necessary phone numbers in Oman
Royal Oman Police (ROP) Emergency: 9999
Ambulance and Medical Emergencies: 999
Fire and Civil Defense Emergency: 999
Coast Guard Emergency: 8007 2222
Tourist Police: 8007 4000 (for assistance with tourist-related issues and inquiries)
Electricity and Water Emergency: 1444
Oman Road Assistance (Tow Truck Service): 8007 2222
Lost and Found Services (Royal Oman Police): 8007 7777
Oman Airports Emergency Services: The emergency number may vary by airport, so check with the specific airport authorities.
Directory Assistance/Enquiries: 1313
Weather Information (Oman Meteorology Department): 24/7 Weather Information Service: 9811
Hospitals and Healthcare Facilities: The contact information for hospitals and healthcare facilities may vary by location, so it’s advisable to have the specific contact details for the healthcare facility you need.