Closed Joint Stock Company SAOCOman
What it takes to form, own and run a private limited company in Oman, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A shareholder shall not be liable except to the extent of his/her shareholding in the share capital.
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A joint stock company shall consist of at least three (3) natural or juristic persons.
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The number of the members of the board shall not be less than five (5) members in the case of a public joint stock company and (3) three members in the case of a closed joint stock company
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The issued share capital of a public joint stock company shall not be less than two million (2,000,000) Omani Rials and five hundred thousand (500,000) Omani Rials in the case of a closed joint stock company.
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New commercial registration fees Fees to be paid to register a new commercial register. 220
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يكون حساب الضريبة المنصوص عليها في هذا الباب بتطبيق معدل (١٥٪) خمسة عشر بالمائة من الدخل الخاضع للضريبة لأي مؤسسة أو شركة عمانية أو منشأة مستقرة عن أي سنة ضريبية
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the SAOC.
Own it
Who may own and run it
- Directors
- At least 3
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The number of the members of the board shall not be less than five (5) members in the case of a public joint stock company and (3) three members in the case of a closed joint stock company
- Shareholders
- At least 3 · a company may be one
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A joint stock company shall consist of at least three (3) natural or juristic persons.
- Members
- At least 3
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A joint stock company shall consist of at least three (3) natural or juristic persons.
- A local company secretary
- Not required
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وأن يعين أمين سر للمجلس
- A local registered agent
- Not required
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ويجب أن تتخذ السلطنة مركزا رئيسيا لها
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Required
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يكون للشركة مراقب حسابات – أو أكثر – من المرخص لهم بمزاولة مهنة المحاسبة والمراجعة المعتمدين لدى الجهة المختصة
- Audit
- Every joint stock company must have a licensed auditor appointed by the annual ordinary general assembly (Art 219); the Law states no small-company exemption
Important dates
When each obligation falls due, as the authority states it.
- Annual ordinary general meeting
- 90 days after the end of the accounting period
Art 172 of the joint stock company provisions, as quoted.
What is public
Not in our records What the register shows the public is not in our records for the SAOC.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 15%+1 regime
Income Tax Law RD 28/2009 as amended by RD 9/2017 Art 112: 15% of taxable income of an Omani company. The small-enterprise 3% regime is limited to sole proprietorships, partnerships and LLCs. Later amendments were not checked.
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يكون حساب الضريبة المنصوص عليها في هذا الباب بتطبيق معدل (١٥٪) خمسة عشر بالمائة من الدخل الخاضع للضريبة لأي مؤسسة أو شركة عمانية أو منشأة مستقرة عن أي سنة ضريبية
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Exemption of enterprises and operators in special economic zones and free zones free zone · 100% exempt
Enterprises and operators in a special economic zone or free zone established by royal decree — excluding banks, financial institutions, insurance and reinsurance companies, telecommunications providers, construction companies, and land and maritime transport businesses in the zone Royal Decree 38/2025 Issuing the Law of Special Economic Zones and Free Zones, Article 27; zones established by royal decree under Article 2
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Oman
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution on the grounds in Companies Law (RD 18/2019) Art. 40 (including partners' agreement), then liquidation by a liquidator named in the dissolution decision or judgment, which the managers deposit with the Registrar within 15 days; liquidation ends on the partners' or shareholders' approval of the final report and the Registrar cancels the company's registration (Arts. 40-57).
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تحل الشركة للأسباب التي تنص عليها وثائق التأسيس، كما تحل للأسباب الآتية:
- Statutory fee
- Not in our records
Every business in Oman
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Oman.
Payment and banking services
1 service names Oman on its own list: Paysera. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Closed Joint Stock Company (SAOC)
- ISO 20275 code
- NG11Secondary GLEIF, Entity Legal Forms code list