When considering business setup in Oman, foreign investors have two main options: establishing a company with 100% foreign ownership or forming a partnership business in Oman through a joint venture known as a Local Corporate Equity Partnership. Although about 88% of Oman’s licensed trade activities allow foreign investors full ownership without requiring a local Omani sponsor, certain sectors still mandate having a local partner. These typically include consultancy fields such as management, engineering, accountancy, auditing, and legal services. Beyond these requirements, many foreign investors opt for a local joint venture with an Omani company to benefit from local market knowledge, smoother operations, and enhanced business opportunities.
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A partnership in Oman, structured as a joint venture with local companies, offers several strategic benefits: