Advantages
1. LLC - Limited Liability Company
This is the most common company type in Oman. Shareholders in this type of company can limit their liability to a specific amount of money they have deposited as capital It allows foreigners and locals to partner in establishing this type of company.
2. Joint Stock Company
It allows a company to raise capital by selling shares to shareholders. It can be open or closed and foreigners can invest in it.
3. foreign-owned company
The establishment of wholly foreign-owned companies is permitted in some sectors. Recognition of a wholly foreign-owned company depends on the type of activity and current laws.
4. Sole Proprietorship
It is owned and operated by one person, and that person is responsible for the debts and liabilities.
5. For the cooperative company
Establishing these types of companies requires compliance with local regulations and laws and laws specific to the sector in which the company operates. You should always consult with a local attorney or legal advisor to ensure full compliance with the procedures and conditions related to company incorporation.
6. Limited Partnership
It allows partners to contribute a certain capital, but there must be a partner responsible for debts and obligations.