Name of the Organization : Ministry of Commerce and Industry
Type of Facility : Register a Joint Stock Company
Country : Oman
Official Website : http://www.mocioman.gov.om/Menu/Home.aspx
Register a Joint Stock Company :
First : Capital Market Authority (CMA) procedures (First Stage)
1. Submitting a written application to the CMA and enclosing the following documents :
** Memorandum of Incorporation + Articles of Association + Feasibility study. All documents should be signed by the founders.
Related : Ministry of Commerce & Industry Cancellation of Commercial Branch/Activity Oman : www.statusin.org/4683.html
** Statement of Issuance Expenses and method of calculations.
** The proposed bylaws of the company.
** Bank certificate of depositing the value of the capital.
** Statement of the quota system if included in the capital.
** A statement of appointing an advisor for issuing the shares.
** The application will be studied. In case of approval, the founders will be granted an initial approval to establish the company. Accordingly, they should refer to the Ministry of Commerce and Industry to issue the decision of establishing the company.
Second : MOCI Procedures (first step: issuance of the Administrative Decision)
1. An application should be submitted to the DG of Commerce in order to issue a Ministerial Resolution for establishing the company. The following should be attached :
** CMA approval.
** Memorandum of Incorporation + Articles of Association (Original copies and two photocopies authenticated by CMA).
Third : CMA procedures (Second Stage- Issuance of prospectus).
1. The prospectus will be issued after the approval of the MOCI and the issuance of the Ministerial Decision.
2. Minutes of the meeting of the foundation of the company.
3. Minutes of the elected board of directors.
Fourth : MOCI Procedures (Second Stage – Registration)
1. The investor applies to the Commercial Register (CR) at the Ministry or any of its branches at the regional directorates for registering the company.
2. Company data will be entered to the system. The electronic system generates an auto reply (email or message) confirming the Number and date of application.
3. Another email or message will be sent stating the status of the application (approved/ rejected/ need information, etc).
4. In case of approval, the investor pays the one stop shop fees and gets the certificate of the CR.
Required Documents :
In addition to the documents mentioned in the process description, the applicant should provide :
** Minutes of meetings of the partners’ assembly in case of general partnership and limited partnership companies and the Board Resolution in case of Joint Stock companies, while mentioning the number of shares subscribed to the name of the authorized signatory on the memorandum and articles of association, if one of the founders was a juristic person.
Special conditions if any applicable :
** The capital of the public joint-stock company should not be less than Two million Omani Riyals.
** The commercial name should bear Omani Joint Stock Company (S.A.O.G)
** Joint stock companies could not be established without an approval of the CMA, a license from the DG of Commerce and his approval on the memorandum of incorporation and the articles of association.
** Minutes of meetings of the partners’ assembly in case of general partnership and limited partnership companies and the Board Resolution in case of Joint Stock companies, while mentioning the number of shares subscribed to the name of the authorized signatory on the memorandum and articles of association, if one of the founders was a juristic person.
Register Here : https://www.business.gov.om/ieasy/wp/en/