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Are you looking to invest in Oman?

If you are you looking to invest in Oman and need support to get the right information or take action, we at Mazars in Oman would be glad to serve you.

At Mazars, our aim is to help you navigate the challenges and opportunities you will encounter when you establish a business in Oman. The experience, knowledge and integrity of the Mazars team means we can work alongside you as a strategic local partner that you can trust.

Our expertise in working within Oman’s business systems will reduce uncertainty and risk, while helping you to recognise and make the most of the many benefits Oman has to offer.

Welcome to Oman. We look forward to doing business with you.

Why Mazars is your preferred advisor

  1. We are the only firm in Oman who provides such a comprehensive and wide level of services to foreign investors.

  2. We have been in Oman for over 16 years. We understand the investment and the legal environment of the Sultanate, including the rules and regulations that govern it. This is reflected in our book “Oman: Untapped Investment Destination - A Guide To Establishing A Successful Business In Oman”.

  3. Supporting investors to establish businesses in Oman is a key activity for us. It is directly managed by our most senior people (Managing Partner: Abbas and Partner: Jonathan).

  4. We have developed professional networks with the key people in public and private organisations. We leverage those connections to help investors to successfully settle in Oman.

  5. Mazars in Oman is one of the leading firms in the country. It is led by a strong Omani partner, who is also a Partner of the international Mazars Group.

Mazars in Oman

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Mazars is an international, integrated and independent organisation. We specialise in audit, accountancy, tax, legal and consultancy services. Mazars operates throughout the 104 countries and territories.

Mazars in Oman is one of the leading firms in the country and is an integrated member firm of Mazars. It is led by the Omani national, Mr. Abbas Al-Humaid, who is also a Partner of the international Mazars Group, registered in Belgium.

Mazars Oman is approved since 2004 by the Capital Market Authority (CMA) to audit the entities regulated by CMA including publicly listed stock companies (SAOGs), mutual investment funds, insurance companies, agents and brokers in addition to other entities such as closed joint stock companies (SAOCs) and limited liability companies (LLCs) across all industries.

Sample of our clients in Oman:

  • Oman Investment Fund

  • Ministry of Commerce and Industry

  • Capital Market Authority (CMA)

  • Ithraa

  • Omani Authority for Partnership for Development

  • AXA Insurance Gulf (B.S.C)

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Why invest in Oman?

Oman is in an ideal location at the centre of the east-west nexus joining markets in Europe, Asia and North America. Just outside the Persian Gulf and the Strait of Hormuz, along busy shipping lanes carrying a significant share of the world's maritime commercial traffic, Oman has convenient access and connections to the Gulf, Africa, and the Indian subcontinent.

Oman is rich in cultural diversity, heritage, and racial harmony. It has untouched natural beauty‚ with landscapes ranging from magnificent mountain ranges to wadis as well as over 3000 km of beautiful coastline. These charming characteristics make it an attractive tourist and investment destination.

Business:

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Lifestyle:

Economy:

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How can Mazars serve you?

Your business set up paves the way for its future success. That is why you want to be sure you are starting out strong. Our services will help you do just that:

1. Passive Nominee Resident Shareholder:
For entities that require 30% local shareholding, Mazars will provide our clients with a professional passive nominee resident shareholder service.

2. Company &Tax Registration, Consultation and Execution:
Mazars can assist our clients in registering their business in Oman without personal travel to the Sultanate.

Consultation: We will assist you in deciding what type of Oman business entity and what class of business licence you need. As well, we can help you determine whether a free zone incorporation can be achieved and offer employment visa strategies.

Execution: We will manage all your company registration and legalisation processes including bank account opening, Ministry of Commerce and Industry, municipality approval, Ministry of Manpower, ROP, Chamber of Commerce and Tax Department of the Ministry of Finance.


3. Finding Office Premises:
We will arrange meetings for you with the four best premises that suits your criteria.


4. Cultural Orientation:
Coming to a new culture can be daunting. We can help you navigate the foreign waters from knowing how to conduct business successfully in Oman, to even providing a person to translate if required.


5. Employee Immigration Visas:
We prepare and submit a high-quality visa application that maximises the likelihood of visa approval for our clients.


6. Staff Recruitment/Head Hunting:
Knowing the country’s employment rules and labour standards positions us as experts in assisting our clients with their staffing concerns.

7. Maintenance of the Omanization Plan:
Companies are required to hire certain % of Omani nationals through a rule known as Omanization. However, finding suitable qualified Omani employees can be a challenge to fulfil the Omanization. We can support you in preparation and management of the Omanization plan.

Depositphotos 173521264 L 20158. Employee Payroll:
We will efficiently and timely complete monthly payroll obligations including: i) salary and pension calculations, ii) keeping accurate records, iii) paying withholding taxes.

9. Monthly Bookkeeping and Accounting:
We manage monthly bookkeeping, auditing, tax planning and general accounting services.

10. Corporation Tax Returns:
At the end of the year, Mazars can calculate your tax liability, complete the required form, and file it with the Oman Tax Authority, making sure that you avail the maximum tax exemptions and benefits, as per the Omani tax laws.

If there is any assessment by the Oman Tax Authority, we can represent you in their investigation and negotiations to minimise any penalties or liabilities.

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