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Ease of Doing Business in

Oman

Oman Download Profile (1740.7KB, pdf)
Region Middle East & North Africa
Income Category High income
Population 4,490,541
GNI Per Capita (US$) 16,920
City covered Muscat

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 66 69 up
3
67.73 65.65 down
2.08
Starting a Business 32 159 up
127
92.85 72.39 up
20.46
Dealing with Construction Permits 52 46 down
6
74.64 74.92 down
0.28
Getting Electricity 69 63 down
6
76.22 76.27 down
0.05
Registering Property 35 34 down
1
76.95 77.37 down
0.42
Getting Credit 133 127 down
6
35.00 35.00
-
Protecting Minority Investors 118 112 down
6
46.67 46.67
-
Paying Taxes 12 10 down
2
90.60 90.60
-
Trading across Borders 67 71 up
4
80.17 79.35 up
0.82
Enforcing Contracts 60 61 up
1
61.55 61.55
-
Resolving Insolvency 94 92 down
2
42.65 42.40 up
0.25

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 32

DB 2016 Rank: 159

Change in Rank: up127

DB 2017 DTF (% points): 92.85

DB 2016 DTF (% points): 72.39

Change in DTF (% points): up20.46

Standardized Company
Legal form: Limited Liability Company (LLC)
Paid-in minimum capital requirement: OMR 0
City: Muscat
Indicator Oman Middle East & North Africa OECD high income
Procedure – Men (number) info_outline 4.0 7.8 4.8
Time – Men (days) info_outline 6.0 20.1 8.3
Cost – Men (% of income per capita) info_outline 4.0 26.3 3.1
Procedure – Women (number) info_outline 5.0 8.6 4.8
Time – Women (days) info_outline 7.0 20.9 8.3
Cost – Women (% of income per capita) info_outline 4.0 26.3 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 11.2 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Obtain permission from husband to leave the home

    Agency: Home

    According to Royal Decree 32/97 Promulgating the Personal Status Law, Art. 54, the wife is not entitled to financial support if she leaves the matrimonial domicile without a valid sharia-based reason.
    1 day No charge
    2

    Register at the Commercial Registry of the Ministry of Commerce and Industry (MOCI)

    Agency: Commercial Registry

    The entrepreneur can check the availability of the desired company name online. To register, the entrepreneur submits a duly completed application form along with the following documents at the one-stop shop of the Ministry of Commerce and Industry (MOCI):
    - Passport (copy) or identity cards of shareholders
    - Passport (copy) or identify cards of all intended authorized signatories
    - Approved authorized signatory form, on which the names and sample signatures of each authorized signatory must be reproduced
    - Standard company registration forms, including the constitutive contract (the articles of association)
    - Applications for any specific licenses, depending on the nature of the proposed activities
    - Certificate of initial capital deposit from the bank

    Upon submission of the required documents, the applicant receives a list of fees to be paid according to the specified capital of the company along with the application tracking number, and indicates his/her preference for the notification on the status of the application: by phone, SMS, or email.

    The following relevant public institutions are housed at the one-stop shop: Ministry of Commerce & Industry, Ministry of Civil Defense, Royal Oman Police, Muscat Municipality, Chamber of Commerce, Ministry of Regional Municipalities, Environment and Water Resources & the Ministry of Manpower. The one-stop shop thus facilitates the registration of the company with the Oman Chamber of Commerce and Industry.

    To register with the Oman Chamber of Commerce and Industry, the applicant submits a completed application form, along with the company statutes and pays the relevant fees depending on the grade of the company. The payable fees are as follows:
    - For a company of Excellent grade, i.e. startup capital of OMR 250,000 or more, the registration fees are OMR 585 and the annual renewal fees are OMR 279.
    - For a company of First grade, i.e. startup capital between OMR 100,000 and 249,000, the registration fees are OMR 225 and the annual renewal fees are OMR 108.
    - For a company of Second grade, i.e. startup capital between OMR 50,000 to 99,000, the registration fees are OMR 128 and the annual renewal fees are OMR 73.
    - For a company of Third grade, i.e. startup capital between OMR 25,000 to 49,000, the registration fees are OMR 78 and the annual renewal fees are OMR 45.
    - For a company of Fourth grade, i.e. startup capital between OMR 3,000 to 24,000, the registration fees are OMR 33 and the annual renewal fees are OMR 25.

    The company must then obtain the license from the Municipality of Muscat before commencing business operations and pay the fees of OMR 15. To do so, the applicant must submit a completed application form, along with the following documents:
    - Company lease agreement
    - Company statutes (memorandum and articles of incorporation)
    - Chamber of Commerce and Industry affiliation certificate
    - Agency Certification (if applicable)
    3 days OMR 40 for business registration (for a duration of 5 years) + OMR 128 for Chamber of Commerce + OMR 15 for registration with Muscat Municipality
    3

    Notification of the Tax Department of the Finance Ministry

    Agency: Tax Department of the Finance Ministry

    The company must register at the Tax Department under the Income Tax Law. Registration includes submitting a completed Declaration of Business Particulars form.
    1 day no charge
    4

    Registration at the Ministry of Manpower

    Agency: Ministry of Manpower

    The company needs to register with the Ministry of Manpower at incorporation. This can be done at the Ministry of Manpower desk at the MOCI. As of December 2015, Omani employees are automatically registered with the Public Authority for Social Insurance.
    1 day no charge
    * 5

    Make a company seal

    Agency: Seal maker

    The instructions to make the company seal or stamp are issued by the registered authorized signatory of the LLC. When issued to the supplier of the stamp or seal, such instructions should be accompanied by an attested signature specimen confirming the requesting persons’ authority to obtain the stamp or seal.
    2 days, simultaneous with previous procedure OMR 50

    * Takes place simultaneously with previous procedure.

    Applies to women only.