Innovation Network
Innovation Network
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Oman Technology Development Center

Oman, a country in the Persian Gulf with a stable and diversified economy, provides many investment opportunities. The attractive factors of investment in Oman include reliable legal framework, modern infrastructure, oil and gas, manufacturing industries, tourism and financial services markets. The Kingdom of Oman is the second largest country in the Arabian Peninsula in terms of area. This country is located in the east of the Arabian Peninsula. Oman is bordered by the Arabian Sea from the east and the Oman Sea from the north. This country is bordered by Yemen from the south and Saudi Arabia and the United Arab Emirates from the west. The name Oman is attributed to a person named Oman, who is considered to be the son of Qahtan or a descendant of Ibrahim (AS). Oman was known by this name years before the rise of Islam.
Oman has good access to major economies such as Saudi Arabia and the UAE by rail, road, sea and air. At the same time, the country of Oman has favorable conditions in the region in terms of political and economic stability, and business transactions are easily carried out in Oman. The conditions for investors in Oman are designed in such a way that entrepreneurs work remotely without any problems, and in fact, the legislators of Oman are always trying to do business in a friendly environment. Oman is known as one of the most attractive countries in the Middle East and the Persian Gulf for investment due to its strategic location, strong national currency, high growth potential and positive economic relations. With effective political relations with Iran, investing in Oman has provided good opportunities not only for Iranians, but also for international investors. The new Foreign Investment Law (FCIL) in Oman from 2020 allows foreign investors to establish their own companies with 100% ownership and benefit from more facilities.
Some people or companies invest their resources in projects and businesses to gain more profit and efficiency, choosing the investment method in Oman depends on your goals and needs. Segal Technology Development Center has provided the following services for the entry of Iranian knowledge-based businesses, artisans and businessmen into the Sultanate of Oman.
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Investment Advice in Oman

In recent years, the Omani government has made extensive efforts to realize a sustainable economy and attract international investments. Sustainable economy means the development and growth of financial resources to meet the needs of people and even future generations. Oman has rich natural and mineral potential and attracts many investments in oil and gas, precious metals and tourism sectors. Also, this country has effective laws and regulations to support foreign and domestic investments. To create a sustainable economy, Oman invests in the development of renewable energy, reducing pollution, promoting agriculture and diversifying the industrial and service sectors. Also, the improvement of infrastructure and economic productivity is also considered among its priorities in line with investment in Oman.
Oman is recognized as a favorable environment for investment in the region with its financial facilities, fast investment permits and simpler business process. Also, focusing on training and creating a skilled workforce is another part of Oman’s sustainable economic strategies. In short, due to natural potentials and effective laws, Oman realizes a sustainable economy by attracting smart investments. It also deals with sustainable development and social welfare of future generations.
Business opportunities in Oman
Due to the accessibility of global markets in Oman, when you register a company in Oman, you can easily access international markets. So your field of work will expand.
Booming economy in Oman
Oman is known as one of the economically developing countries in the Middle East region. As we said, this country has access to global free markets. This issue has made the economy boom in Oman, and as a result, people who have investment intelligence can take advantage of this opportunity for a promising investment.
Government support for entrepreneurs
In order to keep its economic situation progressing and bring social welfare to the people, the government of Oman strongly welcomes foreign investors and entrepreneurs. In this regard, it considers financial and tax facilities for them.
Export through Oman
As we said, the position of Oman is such that it has easy access to the countries of the world through open waters. So the best way is provided for you with the lowest cost; Export extensively through Oman and expand your business scope.
Visa and work permit in Oman
Do you know that by registering a company in Oman, you will be issued a work permit in this country and receive a visa? In fact, without needing a job offer or a job offer, you can easily work in your field of work in the company.
The stability of the political situation in Oman
Definitely, one of the most important factors that affect businesses is the political situation in a country. Oman has peaceful political relations with other countries. This issue has caused political stability in this country and makes the conditions suitable for business.
The developing industry of Oman
The most important profitable and promising industries in Oman include oil and gas industries, tourism, agriculture, mining, services and manufacturing industries. Definitely, by investing in these industries that have a very high growth potential, you will provide yourself with a bright future.
Simple worker’s rights
According to the laws of Oman, if you hire a worker for your company, his salary will be between 150 and 400 rials. Therefore, you can hire a simple worker for your company at a very reasonable cost.
Disadvantages of company registration in Oman
But along with the advantages we mentioned for registering a company in Oman, there are definitely limitations such as the complicated laws of this country. Company registration rules in Oman are a bit complicated and time-consuming. Therefore, if you have immigration companies by your side, you can go through the legal and administrative processes much faster and avoid getting involved in these complicated laws.
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Company Registration in Oman

Carrying out any commercial activity in Oman depends on the establishment of the company and obtaining the license related to that activity. Before 2020, company registration (business license) in Oman had strict rules, and the best choice for Iranians was to register a first-class company with a guarantor (Omani partner). In this type of company, the maximum share of the Iranian partner was 70% and the Omani partner was 30%, and at the beginning of the work, the Iranian person had to submit to the government documents proving the financial turnover equal to one hundred and five thousand Omani Rials. The issue of having a sponsor and the fact that an Iranian person was not the full owner of his company was considered a big problem for Iranians and investors.
Another type of company registration was called “Establishment of a company with foreign investment” and in this type of company, the investor had to invest one million Omani rials to own 100% of a foreign company. But in 2020, new laws were approved, the achievement of which was a huge transformation in the foreign investment system.
In the new laws, Iranians can register a company with 100% ownership without the need for a guarantor and obtain investor status.
Benefits of company registration in Oman
Company registration in Oman is recognized as a valid step for local and international businesses. This step has many benefits, including the following:
  • Access to global markets
  • Company registration in Oman allows you to operate as an international company in global markets. Also, earn huge profits with this method of international trade.
  • Protection of assets and companies
  • Registering a company in Oman allows you to protect your assets and owners. This means preventing the influence of real people in the company’s transactions and financial issues
  • financial well-being
  • The government of Oman offers financial and tax facilities to new businesses.
  • Low complexity
  • The process of establishing a company in Oman is relatively simple compared to many other countries.
  • Geographical location
  • Oman is a country located in the Persian Gulf and close to the markets of the Middle East and Africa. And in this sense, it is attractive as a strategic location for international businesses.
  • Supporting foreign investments
  • The government of Oman provides financial and tax facilities to attract foreign investments and create employment in the country.
  • Direct business environment
  • Oman is known as a country with a straightforward and low-stress business environment.
Special privileges of company registration in Oman:
  • Residence with the highest degree of citizenship (investor) for one year and then two years for all partners (possibility of extension without restrictions as long as the company is active)
  • Obtaining residence for all partners and partners’ families
  • The possibility of obtaining residence for spouses and children under 21. Salamkan obtaining residence for all partners and partners’ families
  • Opening a personal and corporate bank account and obtaining a visa card
  • Obtaining a business card and entering international trade
  • Use of banking facilities
  • The possibility of children’s education in all levels of education due to the presence of branches of American and European schools and universities
  • Ease of obtaining visas for American and European countries for Omani citizens (one of the benefits of Oman residence card is the ease of obtaining visas for American, Canadian and European Union countries)
  • There is also the possibility of unlimited travel without the need for an invitation (SPONSORSHIP) to the countries of Qatar, Kuwait and the United Arab Emirates.
  • Entering the virgin market of European and African countries
  • This country is a member of the World Trade Organization (WTO).
  • The possibility of exporting and importing goods to all parts of the world without Iran’s international restrictions
  • Low import tariff to Oman
  • High level of security and economic stability for long-term investment
  • High income for traders and investors due to high monetary value and good connection with other countries of the world (Oman Rial is the third strongest currency in the world)
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Opening a Bank Account

Opening a bank account in Oman to register a company is an important step in the process of starting a business. To open a bank account in Oman, you must go through the following steps:
Researching and choosing a bank: The first step is to check different banks in Oman and compare their services, terms and fees. It is very important to choose a bank according to your needs and offering the best facilities.
Collecting documents: To register a company in Oman and open a bank account, you must collect the required documents. These documents include passport, identity proof, financial information and other legal and financial documents.
Submission of documents: After collecting the documents, submit them to the bank of your choice. The bank will check your documents and verify your identity.
Signing the contract: After confirming the documents, the bank prepares the bank account contract for you. To sign the contract, you must go to the bank in person or send it to the bank by mail.
Initial capital deposit: At this stage, you must deposit the company’s initial capital to a specific bank account. This step can be done in cash or by bank transfer.
Receive account details: After depositing the capital, the bank will provide you with details including the account number and further instructions to register the company in Oman.
Important banks in Oman to open an account
  • Muscat Bank, Zafar Bank
  • National Bank of Oman, Aliz Islamic Bank
  • Oman Arab Bank, Nizwa Bank
  • Oman Bank Beirut HSBC Bank
Types of bank accounts in Oman
In Oman, banks offer different types of bank accounts. Some of the most common types of bank accounts for company registration in Oman are:
Current Account: This type of account allows for daily transactions through check, bank card or money transfer. You have the ability to withdraw money from this account frequently and in the amount needed for your daily expenses and purchases.
Savings Account: This type of account allows you to keep your money in the bank and receive interest. This account is usually suitable for savings purposes and not good for daily transaction.
Fixed Deposit Account: With this type of account, you deposit some money in the bank for a certain period of time and receive a fixed interest for it. This account is suitable for your long-term investment in Oman.
Business Account: This type of account is suitable for businesses and companies. With a business account, you can manage your business income and expenses from this account.
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Business Financing

Oman is recognized as a favorable environment for investment in the region with its financial facilities, fast investment permits and simpler business process. Also, focusing on training and creating a skilled workforce is another part of Oman’s sustainable economic strategies. In short, due to natural potentials and effective laws, Oman realizes a sustainable economy by attracting smart investments. It also deals with sustainable development and social welfare of future generations.
The government of Oman, in cooperation with the private sector, has set up centers to support small and medium businesses and provide them with special services to enter international markets. Granting financial facilities, business-legal consultations and establishment in growth areas are among the significant services that these centers provide to Omani and non-Omani businesses that intend to invest in this country.
During negotiations with these support centers, Segal Technology Development Center has provided the ground for the entry of Iranian artisans and businessmen into the Sultanate of Oman. With the agreements made, a mechanism has been developed to facilitate this process so that by connecting Iranian companies to their counterparts in Oman, their cooperation can be started very quickly.
image

Shared Workspace

Finding the right business office in Oman can be challenging, but with the necessary information on the process of registering a company in Oman with your own brand, it becomes easier. To start working in Oman, you need to determine what type of office best suits your needs. One of the popular options for renting an office, due to which many people think of immigrating to Oman, is the use of shared work environments. These types of offices are very suitable for entrepreneurs, startups and small companies. Shared work environments offer facilities such as high-speed internet, meeting rooms, office equipment and a suitable space for networking.
Benefits of a shared workspace
  • Lower cost: Renting a shared office is much cheaper than renting an independent office.
  • Networking: There are more opportunities to interact with other entrepreneurs and businesses.
  • Flexibility: Rental agreements for co-working spaces are usually more flexible than for independent offices.
  • Full equipment and facilities: Many co-working spaces provide businesses with full office equipment and well-equipped meeting rooms.
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Residence in Oman

Company registration is one of the best ways to stay in Oman. Due to the approval of the new laws of the Oman government, to reduce dependence on oil revenues and increase the investment rate, it is possible to register a company with 100% ownership for foreigners, even Iranians.
Up to five Iranians can apply for residency in Oman through the registration of a single company (grade 4) as a partnership. In this way, after registering the company and receiving the commercial register, the processes of obtaining a two-year residence begin. All activities related to accommodation from zero to hundred are carried out by Masarat Muscat. .
Benefits of staying in Oman
  • Oman is one of the safest countries in the region and the world, hence it has been called the Switzerland of the Middle East.
  • In Oman you can do international business and open international bank accounts.
  • Oman has good economic growth.
  • The quality of life in Oman is at a very high level in terms of relaxation and avoiding stress.
  • There are European and American schools for your children to study.
  • Almost all the world’s brands, including European, Asian and American, can be found in Oman.
  • Residency in Oman facilitates your conditions for immigration to other countries of the world.
  • The relations between Iran and Oman have a privileged status in terms of politics and economy.
  • The distance between Iran and Oman is short, the travel cost is lower than other countries in the world, and there are many flights between Iran and Oman on a daily basis from different cities.
  • Many educated Iranians live in Oman.
  • The average salary in Oman is high.
  • A private car is cheap and available.
  • Investors enjoy extensive tax exemptions.
  • The economy of this country is safe due to Oman’s distance from political tensions, and the possibility of major crises or instability is very low.
  • Oman has a free trade agreement with America and several other countries, and this is a great opportunity for smart Iranian businessmen.
  • Americans make the most investments in Oman.

Investment Advice in Oman

image
In recent years, the Omani government has made extensive efforts to realize a sustainable economy and attract international investments. Sustainable economy means the development and growth of financial resources to meet the needs of people and even future generations. Oman has rich natural and mineral potential and attracts many investments in oil and gas, precious metals and tourism sectors. Also, this country has effective laws and regulations to support foreign and domestic investments. To create a sustainable economy, Oman invests in the development of renewable energy, reducing pollution, promoting agriculture and diversifying the industrial and service sectors. Also, the improvement of infrastructure and economic productivity is also considered among its priorities in line with investment in Oman.
Oman is recognized as a favorable environment for investment in the region with its financial facilities, fast investment permits and simpler business process. Also, focusing on training and creating a skilled workforce is another part of Oman’s sustainable economic strategies. In short, due to natural potentials and effective laws, Oman realizes a sustainable economy by attracting smart investments. It also deals with sustainable development and social welfare of future generations.
Business opportunities in Oman
Due to the accessibility of global markets in Oman, when you register a company in Oman, you can easily access international markets. So your field of work will expand.
Booming economy in Oman
Oman is known as one of the economically developing countries in the Middle East region. As we said, this country has access to global free markets. This issue has made the economy boom in Oman, and as a result, people who have investment intelligence can take advantage of this opportunity for a promising investment.
Government support for entrepreneurs
In order to keep its economic situation progressing and bring social welfare to the people, the government of Oman strongly welcomes foreign investors and entrepreneurs. In this regard, it considers financial and tax facilities for them.
Export through Oman
As we said, the position of Oman is such that it has easy access to the countries of the world through open waters. So the best way is provided for you with the lowest cost; Export extensively through Oman and expand your business scope.
Visa and work permit in Oman
Do you know that by registering a company in Oman, you will be issued a work permit in this country and receive a visa? In fact, without needing a job offer or a job offer, you can easily work in your field of work in the company.
The stability of the political situation in Oman
Definitely, one of the most important factors that affect businesses is the political situation in a country. Oman has peaceful political relations with other countries. This issue has caused political stability in this country and makes the conditions suitable for business.
The developing industry of Oman
The most important profitable and promising industries in Oman include oil and gas industries, tourism, agriculture, mining, services and manufacturing industries. Definitely, by investing in these industries that have a very high growth potential, you will provide yourself with a bright future.
Simple worker’s rights
According to the laws of Oman, if you hire a worker for your company, his salary will be between 150 and 400 rials. Therefore, you can hire a simple worker for your company at a very reasonable cost.
Disadvantages of company registration in Oman
But along with the advantages we mentioned for registering a company in Oman, there are definitely limitations such as the complicated laws of this country. Company registration rules in Oman are a bit complicated and time-consuming. Therefore, if you have immigration companies by your side, you can go through the legal and administrative processes much faster and avoid getting involved in these complicated laws.

Company Registration in Oman

image
Carrying out any commercial activity in Oman depends on the establishment of the company and obtaining the license related to that activity. Before 2020, company registration (business license) in Oman had strict rules, and the best choice for Iranians was to register a first-class company with a guarantor (Omani partner). In this type of company, the maximum share of the Iranian partner was 70% and the Omani partner was 30%, and at the beginning of the work, the Iranian person had to submit to the government documents proving the financial turnover equal to one hundred and five thousand Omani Rials. The issue of having a sponsor and the fact that an Iranian person was not the full owner of his company was considered a big problem for Iranians and investors.
Another type of company registration was called “Establishment of a company with foreign investment” and in this type of company, the investor had to invest one million Omani rials to own 100% of a foreign company. But in 2020, new laws were approved, the achievement of which was a huge transformation in the foreign investment system.
In the new laws, Iranians can register a company with 100% ownership without the need for a guarantor and obtain investor status.
Benefits of company registration in Oman
Company registration in Oman is recognized as a valid step for local and international businesses. This step has many benefits, including the following:
  • Access to global markets
  • Company registration in Oman allows you to operate as an international company in global markets. Also, earn huge profits with this method of international trade.
  • Protection of assets and companies
  • Registering a company in Oman allows you to protect your assets and owners. This means preventing the influence of real people in the company’s transactions and financial issues
  • financial well-being
  • The government of Oman offers financial and tax facilities to new businesses.
  • Low complexity
  • The process of establishing a company in Oman is relatively simple compared to many other countries.
  • Geographical location
  • Oman is a country located in the Persian Gulf and close to the markets of the Middle East and Africa. And in this sense, it is attractive as a strategic location for international businesses.
  • Supporting foreign investments
  • The government of Oman provides financial and tax facilities to attract foreign investments and create employment in the country.
  • Direct business environment
  • Oman is known as a country with a straightforward and low-stress business environment.
Special privileges of company registration in Oman:
  • Residence with the highest degree of citizenship (investor) for one year and then two years for all partners (possibility of extension without restrictions as long as the company is active)
  • Obtaining residence for all partners and partners’ families
  • The possibility of obtaining residence for spouses and children under 21. Salamkan obtaining residence for all partners and partners’ families
  • Opening a personal and corporate bank account and obtaining a visa card
  • Obtaining a business card and entering international trade
  • Use of banking facilities
  • The possibility of children’s education in all levels of education due to the presence of branches of American and European schools and universities
  • Ease of obtaining visas for American and European countries for Omani citizens (one of the benefits of Oman residence card is the ease of obtaining visas for American, Canadian and European Union countries)
  • There is also the possibility of unlimited travel without the need for an invitation (SPONSORSHIP) to the countries of Qatar, Kuwait and the United Arab Emirates.
  • Entering the virgin market of European and African countries
  • This country is a member of the World Trade Organization (WTO).
  • The possibility of exporting and importing goods to all parts of the world without Iran’s international restrictions
  • Low import tariff to Oman
  • High level of security and economic stability for long-term investment
  • High income for traders and investors due to high monetary value and good connection with other countries of the world (Oman Rial is the third strongest currency in the world)

Opening a Bank Account

image
Opening a bank account in Oman to register a company is an important step in the process of starting a business. To open a bank account in Oman, you must go through the following steps:
Researching and choosing a bank: The first step is to check different banks in Oman and compare their services, terms and fees. It is very important to choose a bank according to your needs and offering the best facilities.
Collecting documents: To register a company in Oman and open a bank account, you must collect the required documents. These documents include passport, identity proof, financial information and other legal and financial documents.
Submission of documents: After collecting the documents, submit them to the bank of your choice. The bank will check your documents and verify your identity.
Signing the contract: After confirming the documents, the bank prepares the bank account contract for you. To sign the contract, you must go to the bank in person or send it to the bank by mail.
Initial capital deposit: At this stage, you must deposit the company’s initial capital to a specific bank account. This step can be done in cash or by bank transfer.
Receive account details: After depositing the capital, the bank will provide you with details including the account number and further instructions to register the company in Oman.
Important banks in Oman to open an account
  • Muscat Bank, Zafar Bank
  • National Bank of Oman, Aliz Islamic Bank
  • Oman Arab Bank, Nizwa Bank
  • Oman Bank Beirut HSBC Bank
Types of bank accounts in Oman
In Oman, banks offer different types of bank accounts. Some of the most common types of bank accounts for company registration in Oman are:
Current Account: This type of account allows for daily transactions through check, bank card or money transfer. You have the ability to withdraw money from this account frequently and in the amount needed for your daily expenses and purchases.
Savings Account: This type of account allows you to keep your money in the bank and receive interest. This account is usually suitable for savings purposes and not good for daily transaction.
Fixed Deposit Account: With this type of account, you deposit some money in the bank for a certain period of time and receive a fixed interest for it. This account is suitable for your long-term investment in Oman.
Business Account: This type of account is suitable for businesses and companies. With a business account, you can manage your business income and expenses from this account.

Business Financing

image
Oman is recognized as a favorable environment for investment in the region with its financial facilities, fast investment permits and simpler business process. Also, focusing on training and creating a skilled workforce is another part of Oman’s sustainable economic strategies. In short, due to natural potentials and effective laws, Oman realizes a sustainable economy by attracting smart investments. It also deals with sustainable development and social welfare of future generations.
The government of Oman, in cooperation with the private sector, has set up centers to support small and medium businesses and provide them with special services to enter international markets. Granting financial facilities, business-legal consultations and establishment in growth areas are among the significant services that these centers provide to Omani and non-Omani businesses that intend to invest in this country.
During negotiations with these support centers, Segal Technology Development Center has provided the ground for the entry of Iranian artisans and businessmen into the Sultanate of Oman. With the agreements made, a mechanism has been developed to facilitate this process so that by connecting Iranian companies to their counterparts in Oman, their cooperation can be started very quickly.

Shared Workspace

image
Finding the right business office in Oman can be challenging, but with the necessary information on the process of registering a company in Oman with your own brand, it becomes easier. To start working in Oman, you need to determine what type of office best suits your needs. One of the popular options for renting an office, due to which many people think of immigrating to Oman, is the use of shared work environments. These types of offices are very suitable for entrepreneurs, startups and small companies. Shared work environments offer facilities such as high-speed internet, meeting rooms, office equipment and a suitable space for networking.
Benefits of a shared workspace
  • Lower cost: Renting a shared office is much cheaper than renting an independent office.
  • Networking: There are more opportunities to interact with other entrepreneurs and businesses.
  • Flexibility: Rental agreements for co-working spaces are usually more flexible than for independent offices.
  • Full equipment and facilities: Many co-working spaces provide businesses with full office equipment and well-equipped meeting rooms.

Residence in Oman

image
Company registration is one of the best ways to stay in Oman. Due to the approval of the new laws of the Oman government, to reduce dependence on oil revenues and increase the investment rate, it is possible to register a company with 100% ownership for foreigners, even Iranians.
Up to five Iranians can apply for residency in Oman through the registration of a single company (grade 4) as a partnership. In this way, after registering the company and receiving the commercial register, the processes of obtaining a two-year residence begin. All activities related to accommodation from zero to hundred are carried out by Masarat Muscat. .
Benefits of staying in Oman
  • Oman is one of the safest countries in the region and the world, hence it has been called the Switzerland of the Middle East.
  • In Oman you can do international business and open international bank accounts.
  • Oman has good economic growth.
  • The quality of life in Oman is at a very high level in terms of relaxation and avoiding stress.
  • There are European and American schools for your children to study.
  • Almost all the world’s brands, including European, Asian and American, can be found in Oman.
  • Residency in Oman facilitates your conditions for immigration to other countries of the world.
  • The relations between Iran and Oman have a privileged status in terms of politics and economy.
  • The distance between Iran and Oman is short, the travel cost is lower than other countries in the world, and there are many flights between Iran and Oman on a daily basis from different cities.
  • Many educated Iranians live in Oman.
  • The average salary in Oman is high.
  • A private car is cheap and available.
  • Investors enjoy extensive tax exemptions.
  • The economy of this country is safe due to Oman’s distance from political tensions, and the possibility of major crises or instability is very low.
  • Oman has a free trade agreement with America and several other countries, and this is a great opportunity for smart Iranian businessmen.
  • Americans make the most investments in Oman.

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