Company amendments in Oman

Common amendments

• Share transfers: selling or transferring shares between shareholders or to new investors
• Adding or removing shareholders, including converting an SPC into an LLC
• Capital increase or reduction
• Adding or removing activities, with any new approvals
• Changing managers or authorised signatories
• Changing the trade name
• Changing the registered address or adding branches within Oman
• Converting the legal form

Process

1. Review the change against the articles, the Commercial Companies Law and foreign-ownership rules.
2. Draft the shareholder resolutions and amended articles.
3. Obtain signatures and attest overseas documents where required.
4. File the amendment with MOCIIP and update the CR.
5. Update the Chamber of Commerce, municipality, Tax Authority, Ministry of Labour and banks as relevant.

Things to check before you change

• Foreign-ownership limits for any new activities or new shareholders
• Tax consequences of share transfers or capital changes
• Bank and contract consents: some agreements require notice or approval
• Visa sponsorship, if managers or shareholders with investor visas change

When you need an amendment

• New shareholders join, or existing ones exit or change their percentages
• You convert an SPC to an LLC when a second owner joins
• You increase or reduce share capital
• You add, remove or change business activities
• You appoint or remove managers or authorised signatories
• You change the trade name or the registered address, or open a branch in another city

Step-by-step process

Documents typically required

• Current Commercial Registration and articles of association
• Shareholder or partner resolutions
• Passport copies of new shareholders or managers; corporate documents for corporate shareholders, attested
• Share transfer agreement and evidence of capital changes where relevant

Costs

Government fees depend on the type of amendment and the capital involved. Our fee depends on the number of changes and follow-on updates. We quote in writing before filing.

Why MakeMyCompany

We handle the legal drafting, the MOCIIP filing and every follow-on update, so your bank, visas and licences stay aligned with the new CR. Related guides: changing company ownership, changing directors and adding activities.

Situations we handle

Companies amend their records for many reasons:

• Adding or removing a shareholder: changing ownership percentages and updating the articles.
• Changing the manager or signatory: new authorised persons and banking mandates.
• Adding business activities: extending the licence to new activities, with any approvals.
• Moving address: updating the lease, municipality and Chamber records.
• Changing capital or company name: with the ministry's approval.

What to prepare for an amendment

1. Current Commercial Registration and articles of association.
2. Passports and documents of any new shareholders or managers.
3. Board or shareholder resolutions authorising the change.
4. New lease or approvals, if relevant.
5. Power of attorney, if signing abroad.

Frequently asked questions

How long does a company amendment take in Oman?

Simple amendments can be processed within days once documents are signed. Changes involving overseas shareholders or new approvals take longer.

Can I transfer shares in an Omani LLC to a foreign investor?

Yes, if the company's activities allow foreign ownership at the resulting percentage, and the articles' transfer provisions are followed.

Do I need to update the bank after an amendment?

Yes. Banks require updated CR and articles, and new KYC for new shareholders or signatories.

How long does a share transfer take in Oman?

Once documents are signed, the MOCIIP filing usually takes a few working days; updating the bank and other authorities takes longer.

Do other shareholders have to agree to a share transfer?

Existing shareholders may have pre-emption rights under the law and the articles, so their position must be addressed before transfer.

How long does a company amendment take?

Simple changes can take days to a couple of weeks. Changes involving new activities or approvals take longer.

Do I need to update the bank after an amendment?

Yes. Banks need the new documents, and signatory changes especially need updating.

Can I amend a company remotely?

Often yes, using a power of attorney and attested documents. We confirm the process.