Plan to start a business in Oman? This is what you need to know

The Ministry of Commerce, Industry and Investment Promotion (MOCIIP) in Oman has announced that foreign investors, including expatriates, can apply for a commercial register to start a business—subject to certain conditions.

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The authority shared this update during its annual media briefing.

Conditions for business establishment

According to the ministry, one key condition is the mandatory employment of at least one Omani citizen within one year of the company’s establishment.

However, domestic workers and individuals in similar job categories are not eligible to open a commercial register, an Oman Observer report said.

Expatriates bound by employment contracts

Expatriates employed under contracts with government or private entities may establish a company under the Foreign Capital Investment Law. This is allowed with the employer’s approval, upon termination of the employment contract, or if a transfer pledge is made.

Unskilled workers in private sector establishments are not permitted to apply for a commercial register. Additionally, applicants must submit a project feasibility study from an office accredited by the Development Bank.