THE LEGAL ASPECTS OF DOING BUSINESS IN OMAN. Primer: Said Al Shahry Law Office’s “A Legal Guide To Doing Business In Oman”. EXCHANGE RATE. RO1 = US$2.60 (Fixed Rate) RO1 = S$3.80 (Approximate) RO1 = RM9.17 (Approximate). Gulf Cooperation Council (“GCC”).
Primer: Said Al Shahry Law Office’s
“A Legal Guide To Doing Business In Oman”
Limited Partnership Company
Joint Stock Company (“JSC”)
Limited Liability Company (“LLC”)
Joint Venture (“JV”)
Branch of a Foreign Company
Commercial Representative Office (“CRO”)
- establishing contacts with local suppliers;
- promoting their company’s products; and
- receiving complaints from local customer.
(What You Earn Is What You Get)
10% charged on gross amounts paid to them.
- Omani employees aged 15 - 59;
- 9.5% (employers) and 6.5% of basic salary.
- 0.5% tax if more than 7 years.
- but GCC VAT maybe introduced soon.
Only Omani and GCC individuals, and 100% owned companies allowed to own property.