In Oman, the Single Person Company (SPC) is one of the most popular legal structures for entrepreneurs, freelancers, and international investors. An SPC in Oman allows 100% foreign ownership, limited liability protection, and simplified registration through the government’s Invest Easy Portal.
As of 2025, recent regulatory changes and Oman Vision 2040 reforms have made SPC formation faster, more affordable, and digitally accessible. This comprehensive guide provides a step-by-step process, legal requirements, costs, compliance obligations, and expert insights to help you successfully set up your Single Person Company in Oman.
Table of Contents
What is a Single Person Company (SPC) in Oman?
A Single Person Company (SPC) in Oman is a company formed and owned by one person. It is legally separate from the owner, which provides limited liability protection. This means the company has its own legal identity with distinct rights and responsibilities, and your personal assets are protected from business debts.
This is fundamentally different from a traditional sole proprietorship, where the owner has unlimited personal liability and the business is not a separate legal entity. The SPC structure combines the simplicity of single ownership with the legal protections of a registered company.
Important Distinction: SPC vs. Sole Proprietorship
Single Person Company (SPC):
• Limited liability – personal assets protected
• Separate legal entity with corporate identity
• Registered with Ministry of Commerce, Industry and Investment Promotion (MOCIIP)
• More formal structure with higher compliance requirements
• Can be owned by foreigners (100% foreign ownership allowed)
Traditional Sole Proprietorship:
• Unlimited liability – owner personally liable for all business debts
• Not a separate legal entity
• Simpler registration but higher personal risk
• Less formal structure
The limited liability protection is the primary reason entrepreneurs choose the SPC model. Your personal assets (house, car, savings) remain safe even if the business faces financial difficulties.
Who Can Register a Single Person Company in Oman?
You can register an SPC in Oman if you are:
• An Omani national
• A GCC (Gulf Cooperation Council) national
• A foreign investor, subject to permitted sectors and commercial activity classifications
As of 2025, Oman’s Foreign Capital Investment Law (FCIL) allows 100% foreign ownership in many sectors, making the SPC structure more attractive than ever for international entrepreneurs. However, some activities remain restricted and require additional approvals from the Ministry of Commerce, Industry and Investment Promotion (MOCIIP).
Key Features of a Single Person Company in Oman
Single Owner Structure
An SPC is created and owned by one person only no partners or additional shareholders required. This sole owner has complete authority over business decisions and operations.
Limited Liability Protection
The owner’s liability is limited to the amount of capital invested in the business. This corporate veil protects personal assets from company debts, lawsuits, and financial obligations.
Separate Legal Entity
The SPC operates as a separate legal person distinct from its owner. The company can sign contracts, own property, sue or be sued, and open corporate bank accounts independently.
Full Management Control
As the sole owner, you maintain complete decision-making authority without needing approval from partners or shareholders. This provides exceptional flexibility and speed in business operations.
Scalability and Conversion Options
If your business grows, you can convert your SPC into an LLC or joint-stock company through the Ministry of Commerce, Industry and Investment Promotion.
Benefits of Setting Up a Single Person Company in Oman
100% Ownership for Foreign Investors
SPCs in Oman allow full foreign ownership in permitted sectors, meaning expatriates can register without needing a local Omani partner. Under the Foreign Capital Investment Law, most commercial and service activities are open to foreign investors.
Limited Liability Protection
Your personal assets are completely protected. An SPC separates business liabilities from personal finances, significantly reducing financial risk.
Simple and Fast Company Formation Process
Registering an SPC through the Invest Easy Portal is straightforward with minimal documentation. The process can be completed in 7-14 working days if documents are properly prepared.
Cost-Effective Business Structure
Lower setup and maintenance costs make SPCs ideal for startups and solo entrepreneurs. Government registration fees typically range from OMR 150-300, with no mandatory minimum capital requirement for most activities.
Eligibility for Government Contracts and Tenders
SPC companies can bid for government tenders and projects. Registration with the Oman Chamber of Commerce and Industry enhances tender participation eligibility.
Corporate Bank Account and Visa Benefits
An SPC allows you to open corporate bank accounts with major Omani banks and apply for investor visas or employee visas through the Royal Oman Police (ROP) immigration system.
Flexibility in Business Activities
SPCs can engage in wide-ranging commercial and service activities, from consulting and trading to technology services and e-commerce, offering flexibility to grow and diversify.
Business Activities Permitted Under Single Person Company
Most commercial and professional service activities can be registered under an SPC structure, as approved by the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). Common permitted activities include:
• Business consultancy and management advisory services
• General trading and import/export (subject to customs registration)
• Information technology services, software development, and digital solutions
• Advertising, marketing, and public relations
• E-commerce and online retail
• Business support services and corporate administration
• Professional services (accounting, legal support, engineering consulting)
• Event management and conference organization
• Design services (graphic, interior, architectural design)
• Training and educational services (subject to Ministry of Education approval)
Restricted or Prohibited Activities:
• Large-scale industrial manufacturing (typically requires LLC)
• Major construction and contracting projects
• Banking, insurance, and financial services (require special licensing)
• Petroleum exploration and production
• Telecommunications services (restricted sector)
Always verify your specific business activity eligibility with the Ministry of Commerce, Industry and Investment Promotion or consult with a licensed business setup service provider. Some activities may require approvals from the Ministry of Health, Ministry of Education, Capital Market Authority, or other regulatory bodies.
Step-by-Step Process for SPC Registration in Oman
The SPC registration process in Oman has become highly streamlined through the Invest Easy Portal, managed by the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). Entrepreneurs can complete trade name reservation, document submission, fee payment, and licensing online. Most registrations are finalized within 7-14 working days.
Step 1: Choose Your Business Activity
Select your primary business activity based on Oman’s commercial activity classification system. Each activity has specific licensing and compliance requirements. Examples include:
• Commercial activities: Trading, import/export, wholesale, retail
• Professional services: Consultancy, advisory, management services
• Technical services: IT, software development, engineering
• Industrial activities: Manufacturing (may require LLC for large-scale)
Step 2: Reserve a Trade Name
Apply for trade name reservation through the Invest Easy Portal. Your company name must:
• Be unique and not identical to existing companies
• Include ‘Single Person Company LLC’ or Arabic equivalent (ش.م.م شخص واحد) – MANDATORY
• Avoid religious references or politically sensitive terms
• Not mislead about business activities
• Not imply government affiliation
• Be written in Arabic (English translation can be added)
Tip: Submit three alternative name options. Name reservation costs OMR 10-20 and is valid for 60-90 days.
Step 3: Draft and Notarize the Memorandum of Association (MoA)
The Memorandum of Association (MoA) outlines your company’s structure, objectives, and capital. For SPCs, only one shareholder is required.
The MoA must include:
• Company name (with ‘Single Person Company LLC’ designation)
• Registered office address in Oman
• Business objectives and activity descriptions
• Company’s authorized capital
• Details of the sole owner/shareholder
• Company duration and management structure
Critical Requirement: The MoA must be officially notarized by a public notary in Oman. If prepared abroad, it requires attestation through your country’s Ministry of Foreign Affairs and Omani Embassy. Documents must be in Arabic or bilingual (Arabic and English).
Step 4: Submit Required Documents
Upload all required documents through the Invest Easy Portal:
• Valid passport copy (minimum 6 months validity)
• Passport-size photographs (2×2 inches)
• Proof of residential address
• No Objection Certificate (NOC) from current sponsor (if applicable)
• Notarized Memorandum of Association (MoA)
• Lease agreement or proof of office premises – MANDATORY
• Trade name reservation certificate
• Business plan (for regulated activities)
• Educational certificates (for professional activities)
• Professional licenses (for regulated professions)
Note: All documents must be in Arabic or English. Foreign documents need attestation through Ministry of Foreign Affairs and Omani Embassy.
Step 5: Pay Registration Fees
Pay the required government registration fees through the Invest Easy Portal:
• Commercial Registration (CR) fee: OMR 30-100
• Business license issuance: OMR 50-150
• Trade name reservation: OMR 10-20
• Document processing: OMR 20-50
• Total government fees: OMR 150-300 typically
Business setup service providers offer all-inclusive packages from OMR 295-500, including government fees, documentation support, and professional assistance.
Step 6: Receive Certificate of Incorporation
Upon approval by the Ministry of Commerce, Industry and Investment Promotion, you receive:
• Certificate of Incorporation
• Commercial Registration (CR) Certificate with unique CR number
• Business License for specified activities
Step 7: Open a Corporate Bank Account
Open a corporate bank account with major banks: Bank Muscat, Oman Arab Bank, National Bank of Oman, HSBC Oman, Sohar International Bank.
Required documents:
• Commercial Registration Certificate
• Certificate of Incorporation
• Memorandum of Association
• Valid passport and residence ID
• Lease agreement
• Board resolution for signatories
• Initial deposit (OMR 500-1,000 typically)
Banking Tip: While no legal minimum capital exists, banks may require OMR 3,000-10,000 for corporate account opening.
Step 8: Register for Tax and Social Insurance
Register with Oman Tax Authority (OTA) and Public Authority for Social Insurance (PASI):
Tax Registration:
• Obtain Tax Card (OMR 20-30)
• Register for VAT if annual turnover exceeds OMR 38,500
• File annual corporate income tax returns (within 6 months of year-end)
Social Insurance:
• Register with PASI if hiring Omani employees
• Employer contributes social insurance premiums
• Monthly contributions required by law
Step 9: Apply for Visas and Work Permits
SPCs sponsor foreign employees through Royal Oman Police (ROP) and Ministry of Labour:
Investor Visa:
• For company owners to live and work in Oman
• Validity: 2 years (renewable)
• Cost: OMR 600-800 (includes medical tests, visa, ID card)
• Allows family sponsorship
Employee Visa:
• For hiring foreign workers
• Subject to Omanisation quotas (Ministry of Labour)
• Cost: OMR 200-300 per employee
• Approval depends on company size and quota availability
Step 10: Obtain Additional Licenses
Sector-specific licenses may be required:
• Municipality License (OMR 100-300) – for physical retail
• Chamber of Commerce Membership (OMR 30-300 annually)
• Food & Beverage License – from Municipality and Ministry of Health
• Healthcare License – from Ministry of Health
• Educational Services License – from Ministry of Education
• Import/Export Code – from Oman Customs
Expected Timeline for SPC Registration
Express Processing: 3-7 working days (perfect documents, no special approvals)
Standard Processing: 7-14 working days (most common)
Complete Setup: 2-4 weeks (including banking and visas)
Complex Activities: 4-8 weeks (regulated sectors with multiple approvals)
Complete Cost Breakdown for SPC Registration in Oman
Starting a Single Person Company in Oman involves mandatory and optional costs. Here’s a comprehensive breakdown to help you budget accurately.
Government Registration Fees
Every SPC must be registered with the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). Government fees typically include:
• Commercial Registration (CR) fee: OMR 30-100
• Business license issuance: OMR 50-150 (activity-dependent)
• Trade name reservation: OMR 10-20
• Document verification and processing: OMR 20-50
• Total government fees: OMR 150-300 (standard activities)
Minimum Capital Requirements
There is no mandatory minimum capital requirement for SPCs in Oman for most business activities. However:
• Trading/industrial businesses: Recommended OMR 3,000-10,000 for banking
• Service-based SPCs: Can start with lower capital
• Regulated activities (finance, healthcare): May have specific capital requirements
• Bank account opening: Banks typically require OMR 3,000-10,000 deposited
Office Space and Municipality Approvals
A physical office address is mandatory. Costs vary by location:
• Office rent: OMR 1,000-5,000 per year (location-dependent)
• Muscat premium locations: OMR 3,000-5,000 annually
• Secondary cities: OMR 1,000-2,500 annually
• Virtual offices: OMR 800-1,500 (limited activities only)
• Municipality license: OMR 100-300 (business type dependent)
• Utilities deposit: OMR 200-500
Professional and Consultancy Charges
Most entrepreneurs use business setup consultants for streamlined processing:
• Complete setup services: OMR 500-1,500
• Document preparation and translation: OMR 150-300
• Legal consultancy: OMR 200-400
• MoA drafting and notarization: OMR 100-200
• PRO (Public Relations Officer) services: OMR 150-300
Chamber of Commerce and Tax Registration
• Oman Chamber of Commerce membership: OMR 30-300 (based on capital)
• Tax registration (Tax Card): OMR 20-30
• VAT registration: Free (if turnover exceeds OMR 38,500)
Visa and Immigration Costs
• Investor Visa (2 years): OMR 600-800
• Medical examination: OMR 20-30 per person
• Residence card issuance: OMR 20-30
• Employee work visa: OMR 200-300 per employee
• Visa change/cancellation fees: OMR 10-50
Annual Renewal and Maintenance Costs
• Commercial registration renewal: OMR 100-200 annually
• Business license renewal: OMR 50-150 annually
• Chamber membership renewal: OMR 30-300 annually
• Visa renewals: OMR 200-300 per visa every 2 years
• Accounting and bookkeeping: OMR 200-500 annually (if outsourced)
Total Investment Summary
Minimum Setup Cost: OMR 2,000-3,000
(Government fees + minimal office + DIY documentation)
Typical Setup Cost: OMR 4,000-6,000
(Including professional services, decent office, visa)
Premium Setup Cost: OMR 8,000-12,000
(Prime location, comprehensive services, multiple visas)
First Year Total (with operations): OMR 10,000-20,000
(Setup + rent + salaries + operational costs)
Tax Compliance for Single Person Companies in Oman
Understanding Oman’s tax structure is crucial for SPC compliance. All SPCs must register with the Oman Tax Authority (OTA) and fulfill tax obligations.
Corporate Income Tax Rates (2025)
Standard Corporate Tax Rate: 15%
Most SPCs pay 15% corporate income tax on all taxable income. This is the standard rate for companies operating in Oman.
IMPORTANT: There is NO tax exemption for the first OMR 30,000 of income. This exemption was removed in 2020. All taxable income is subject to tax.
Small Business Reduced Tax Rate: 3%
SPCs qualifying as Small and Medium Enterprises (SMEs) benefit from a reduced 3% tax rate if they meet ALL of the following criteria:
• Registered capital does NOT exceed OMR 60,000 at beginning of tax year
• Annual gross income does NOT exceed OMR 150,000
• Average number of employees does NOT exceed 25 during the tax year
• Business activities EXCLUDE: air/sea transport, natural resource extraction, banking, insurance, financial services, public utility concessions
Zero Tax Rate: 0% (Very Limited)
Only available for:
• Omani-owned businesses with gross income up to OMR 30,000
• Must have at least 2 Omani owners/partners working full-time
• NOT applicable to most foreign-owned SPCs
Value Added Tax (VAT) in Oman
Oman implements a 5% VAT on most goods and services. Registration requirements:
Mandatory VAT Registration:
• Annual taxable turnover EXCEEDS OMR 38,500
• Must register within 30 days of exceeding threshold
• Registration through Oman Tax Authority portal
• Non-compliance penalties apply
Voluntary VAT Registration:
• Annual taxable turnover between OMR 19,250 and OMR 38,500
• Optional but provides input VAT recovery benefits
• Recommended for export-oriented businesses
VAT Rate Structure:
• Standard rate: 5% on most goods and services
• Zero-rated: Exports, international transport, certain healthcare/education
• Exempt: Residential property, certain financial services
Tax Filing Requirements
• File annual corporate income tax returns within 6 months of financial year-end
• Maintain proper books of accounts following IFRS standards
• Keep financial records for 10 years minimum
• Submit VAT returns quarterly (if registered)
• Late filing penalties: Up to OMR 2,000 plus 1% monthly interest on unpaid tax
Legal Compliance Requirements for SPCs
Staying legally compliant is essential for smooth operations and avoiding penalties.
Annual License Renewal
Your commercial registration and business license must be renewed annually through the Invest Easy Portal. Missing renewal deadlines results in penalties and business suspension.
• Renewal deadline: Before expiry date (typically one year from issuance)
• Renewal cost: OMR 100-200 (varies by activity)
• Late renewal penalty: OMR 50-200 depending on delay period
• Required documents: Updated lease agreement, tax clearance certificate
Omanisation Requirements
The Ministry of Labour sets Omanisation quotas that vary by business sector, size, and activity:
• Small SPCs (1-5 employees): Lower quotas or grace periods
• Growing businesses: Gradual implementation timelines
• Sector-specific: Different quotas for retail, hospitality, services
• Compliance monitoring: Regular audits by Ministry of Labour
• Non-compliance penalties: Fines and visa restrictions
Record Keeping and Accounting
Maintain comprehensive financial records according to International Financial Reporting Standards (IFRS):
• Keep all invoices, receipts, and financial documents
• Prepare annual financial statements
• Maintain separate business and personal accounts
• Preserve records for 10 years minimum
• Use approved accounting software or hire professional accountants
Employment Law Compliance
If hiring employees:
• Written employment contracts in Arabic required
• Register with Public Authority for Social Insurance (PASI)
• Pay monthly social insurance contributions for Omani employees
• Comply with Oman Labour Law (working hours, leave, end-of-service benefits)
• Use Wages Protection System (WPS) for salary payments
• Provide gratuity payments upon contract termination
Business Activity Restrictions
SPCs can only conduct activities listed in their commercial registration. Operating outside approved activities is illegal and subject to penalties.
To add new activities:
• Submit amendment request through Invest Easy Portal
• Provide business justification
• Pay amendment fees (OMR 20-50)
• Obtain necessary additional approvals for regulated activities
Oman 2025 SPC Updates You Need to Know
No Mandatory Minimum Capital Requirement
You are no longer required to show minimum capital for most sectors. This reduces entry barriers for startups. However, banks may require OMR 3,000-10,000 for corporate account opening, and regulated activities may have specific capital expectations.
Fully Digital Registration Process
The entire SPC registration is now managed through the Invest Easy digital platform, eliminating physical government visits. This has reduced processing time from weeks to days and enabled remote company formation.
Enhanced Omanisation Flexibility
The Ministry of Labour provides more flexibility for small SPCs. Micro SPCs (1-5 employees) may have reduced Omanisation quotas with first-year grace periods for new businesses in certain sectors.
Expanded Foreign Ownership Sectors
The Foreign Capital Investment Law reforms have expanded 100% foreign ownership to more sectors including most professional services, technology, e-commerce, manufacturing, and tourism.
Long-Term Investor Visa Options
The Royal Oman Police introduced long-term investor visas: 5-year visa (OMR 250,000 investment) and 10-year visa (OMR 500,000 investment) with simplified family sponsorship.
Can Foreigners Open a Single Person Company in Oman?
Yes. Foreign investors are welcome to open SPCs in sectors allowed under Oman’s Foreign Capital Investment Law. The Ministry of Commerce, Industry and Investment Promotion has opened most commercial activities to 100% foreign ownership.
Permitted sectors for foreign-owned SPCs:
• Professional consulting and business services
• Information technology and software development
• Trading and import/export (with proper licensing)
• E-commerce and digital businesses
• Manufacturing and light industry
• Tourism and hospitality services
• Marketing, advertising, and creative services
• Engineering and technical consulting
Restricted sectors requiring local partnership or special approvals:
• Banking and financial services
• Insurance services
• Telecommunications
• Large-scale petroleum operations
• Certain government contracting sectors
Once registered, foreign-owned SPCs receive full ownership rights, legal protection, direct market access, and can sponsor employees for work visas.
Office Space Requirements for SPC Registration
You must have a valid lease agreement for an approved commercial space to register your SPC. The Ministry of Commerce, Industry and Investment Promotion requires proof of physical premises in Oman.
Office Options:
• Traditional Office Space: Dedicated commercial office with lease agreement
• Co-working Spaces: Flexible desks with business address (activity-dependent approval)
• Virtual Offices: Limited acceptance – only for specific low-risk service activities
• Free Zone Offices: Available in designated free zones with special benefits
Lease Agreement Requirements:
• Must be in Arabic or bilingual (Arabic and English)
• Minimum 1-year lease term typically required
• Premises must be zoned for commercial use
• Owner’s authorization and municipality approval needed
• Lease must be notarized or stamped by approved authorities
Note: Some businesses can register under flexible office models depending on the activity type. Consult with business setup services to determine appropriate office solutions for your specific business activity.
Why Choose a Single Person Company Over Other Structures?
An SPC gives solo entrepreneurs the perfect balance between control and legal protection. Here’s when an SPC is your best choice:
Choose SPC if you:
• Want 100% ownership and control without partners
• Need limited liability protection for personal assets
• Are testing a business idea with lower initial investment
• Operate as a freelancer or consultant seeking formal structure
• Require a registered company for business credibility
• Plan to apply for investor visa and residency
• Want simplified decision-making processes
• Need to bid for government tenders and contracts
Consider LLC instead if you:
• Have partners or multiple shareholders
• Need to raise capital from multiple investors
• Plan large-scale operations requiring substantial capital
• Want to distribute ownership percentages among multiple parties
• Require complex governance structures
Future Growth: If you start with an SPC and later decide to bring in partners or investors, you can easily convert to an LLC or joint-stock company through official procedures with the Ministry of Commerce, Industry and Investment Promotion.
Conclusion
Starting a Single Person Company in Oman is now easier than ever. With flexible regulations, 100% foreign ownership options, fast online registration through the Invest Easy Portal, and comprehensive support from the Ministry of Commerce, Industry and Investment Promotion, Oman is actively welcoming global entrepreneurs to establish and grow their businesses.
The SPC structure offers the ideal combination of simplicity, legal protection, and operational flexibility. Whether you’re a freelancer, consultant, or small business owner, the SPC framework provides a solid foundation for business success in Oman’s growing economy.
If you’re ready to take the first step, consider working with trusted business setup services in Oman. Professional consultants can save you time, ensure complete compliance, handle all documentation and government interactions, and allow you to focus on building your business while they manage the registration process.
Frequently Asked Questions (FAQs)
What is the full form of SPC company?
SPC stands for Single Person Company. It refers to a business structure in Oman that is owned and managed by a single individual but registered as a separate legal entity. This setup allows the owner to enjoy limited liability while maintaining full control.
What is an SPC company in Oman?
An SPC (Single Person Company) in Oman is a legal business structure owned by a single individual, offering full control and limited liability protection. It allows you to operate as a one-person company while enjoying the legal benefits of a registered corporate entity with separation between business and personal liabilities.
Is an SPC the same as a sole proprietorship in Oman?
No. An SPC is a separate legal entity with limited liability, meaning your personal assets are protected. A traditional sole proprietorship does not provide this separation – the owner has unlimited personal liability for all business debts and obligations.
Can I open a bank account under an SPC?
Yes. Once registered, you can open a corporate business bank account under your company’s name with major Omani banks including Bank Muscat, Oman Arab Bank, National Bank of Oman, HSBC Oman, and Sohar International Bank.
How long does it take to register an SPC in Oman?
Typically 7-14 working days for standard processing, if all documents are properly prepared and the activity doesn’t need special approvals. Express processing can be completed in 3-7 days, while complex activities requiring multiple approvals may take 4-8 weeks.
Can I hire employees under an SPC?
Yes. You can sponsor employees and issue work visas through the Royal Oman Police (ROP) immigration system once your company is licensed. However, visa approvals depend on Omanisation quotas set by the Ministry of Labour, and small SPCs may face limitations on foreign employee sponsorship.
Can an SPC be upgraded to an LLC later?
Yes. Oman allows conversion from SPC to LLC if your business grows and you wish to bring in partners or additional shareholders. The conversion process is managed through the Ministry of Commerce, Industry and Investment Promotion with specific documentation and fee requirements.
Do I need an Omani partner for an SPC?
No. As of the current Foreign Capital Investment Law reforms, foreigners can fully own an SPC in most permitted sectors without requiring an Omani partner or sponsor. However, some restricted activities still require local partnership or special government approvals.
What is the minimum capital requirement for SPC in Oman?
There is no mandatory minimum capital requirement for most SPC business activities in 2025. However, banks typically require OMR 3,000-10,000 for corporate account opening, and certain regulated sectors (finance, healthcare, engineering) may have specific capital expectations.
Is there a tax exemption for the first OMR 30,000 of income?
No. This is outdated information. The OMR 30,000 tax exemption was removed in 2020. All SPCs now pay either 15% corporate tax (standard rate) or 3% (if qualifying as SME under specific criteria). All taxable income is subject to taxation.
What are the Omanisation requirements for SPCs?
Omanisation requirements vary by business sector, company size, and number of employees. Small SPCs (1-5 employees) typically have lower quotas or grace periods. The Ministry of Labour sets and monitors these quotas, which change periodically based on government policy and economic conditions.
Can I operate my SPC from a virtual office?
Limited acceptance. Virtual offices are only permitted for specific low-risk service activities and require Ministry of Commerce, Industry and Investment Promotion approval. Most businesses need a physical office with a proper lease agreement. Co-working spaces may be acceptable for certain activities.
What is the cost to register an SPC in Oman?
Government registration fees range from OMR 150-300 for basic activities. Complete setup including professional services, office space, and visa costs typically ranges from OMR 4,000-6,000. Premium setups in prime locations can cost OMR 8,000-12,000 including all services.
Do I need to register for VAT?
Mandatory if your annual taxable turnover exceeds OMR 38,500. Voluntary registration is available for businesses with turnover between OMR 19,250 and OMR 38,500. The standard VAT rate in Oman is 5%, administered by the Oman Tax Authority.
What government authorities are involved in SPC registration?
Primary authorities include: Ministry of Commerce, Industry and Investment Promotion (MOCIIP) for registration; Oman Tax Authority (OTA) for tax matters; Royal Oman Police (ROP) for visas; Ministry of Labour for employment; Public Authority for Social Insurance (PASI) for social insurance; Oman Chamber of Commerce and Industry for membership; Municipality for location permits; and sector-specific authorities (Ministry of Health, Ministry of Education, etc.) for regulated activities.
