The Company Law read with the Foreign Business and Investment Law, Commercial Law, Commercial Registration Law and Commercial Agencies Law regulates the activities of companies or individuals intending to participate in any economic activity in the Sultanate of Oman. However, such establishments must register themselves in the Commercial Register and acquire the requisite Municipality License in the Sultanate where business is being conducted. Foreign Companies intending to establish themselves in Oman have to ascertain whether the activity intended to be practiced by them can be performed by a foreign company. Certain specific activities are restricted either to wholly owned national companies or 51% locally owned national companies, with certain exceptions to GCC countries.
Hafedh Al Mahrouqi & Co Office has extensive experience and expertise in acting for, and advising clients on the laws, regulations and practice in the matter of Company incorporation, Commercial Agency Formation and Joint Ventures. We also advise on compliance with governmental regulations, partnerships, management issues, corporate financing arrangements and liquidations and dissolutions. In the commercial non-company context, we regularly draft and review commercial contracts, franchise, distributorship and joint venture agreements.