What is a good business to start in Oman?

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What is a good business to start in Oman?

7 Best Business Ideas in Oman for 2020 • Bondoni

  1. Accounting, taxation and financial sector. Opening an accounting or financial firm is one of the most profitable small businesses in Oman.
  2. Real estate.
  3. Commodity stores.
  4. Digital and technology field.
  5. Agriculture and farming.
  6. Mineral mining and quarrying.
  7. Food and beverage.

Is Oman a good place to do business?

The country has a monarchical type of government promoting business and commerce. The country has been developing itself year after year. By 2040, the economic growth of Oman is expected to grow by 10\%. According to the World Bank, it has been ranked 71st for the ease of doing business in 2018.

How can I start a small business in Oman?

Incorporation Process in Oman

  1. Decide on a Trade Name. A trade name must be unique and related to the business.
  2. Submit Documents of Incorporation.
  3. Capital Account Opening.
  4. Register with Chamber of Commerce.
  5. Register the Business.
  6. Apply for Visa.
  7. Employee Registration.
  8. Conversion of Bank Account.
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Can Expats do business in Oman?

That said, Oman is a relatively easy place in which to do business. It is highly likely that expats working in Oman will primarily deal with other expats in a familiar and Westernised business context, but with a distinct Arabic business flavour.

How much does it cost to register a company in Oman?

Fees

Different Oman entity types Cost Draft invoice
Holding company LLC US$29,410 View invoice PDF
LLC with employment visa US$30,850 View invoice PDF
Limited partnership US$27,600 View invoice PDF
Joint stock company US$29,950 View invoice PDF

How much does it cost to start a business in Oman?

Fees

Different Oman entity types Cost Draft invoice
100\% foreign owned LLC US$26,040 View invoice PDF
70\% foreign owned LLC US$29,550 View invoice PDF
Free zone company US$29,800 View invoice PDF
Oman Sohar Free Zone company with General Trading License US$37,405 View invoice PDF