Oman business plan

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What's the best way to do business in Oman?

There are a number of different investment vehicles available to conduct business in Oman. Both local and foreign investors most commonly opt to establish a limited liability company (LLC) to conduct their business activities in Oman.

What kind of economy does the Sultanate of Oman have?

The Sultanate of Oman has adopted a policy of economic diversification and creation of a national economy based on private enterprise. This long term commitment is reflected in Oman’s 9th Five Year Plan, which identifies manufacturing, transportation and logistics, tourism, fisheries and mining as targeted economic growth sectors.

How is Oman opening up to foreign investment?

Recently, the government of Oman is improvising on how to open up the tourism sector to investors. Since Oman largely depends on imported goods, the government of Oman is working towards establishing policies that would encourage foreign investors to come invest in Oman.

What does it mean to have LLC in Oman?

An LLC includes having – An Omani LLC is the most commonly used entity for foreigners that wish to do business in Oman A Joint Venture is an internal agreement between two or more parties whereby one party performs business in his/her personal name while the profits/losses of the proceeds are shared.

Last Update: Oct 2021

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