Register Closed Stock Company Oman : Ministry of Commerce and Industry MOCI

Name of the Organization : Ministry of Commerce and Industry
Type of Facility : Register Closed Stock Company
Country: Oman

Official Website : http://www.mocioman.gov.om/?lang=en-US

Register a Closed Stock Company :

A closed Stock Company is that whose capital is divided into equal shares that will not be floated for public subscription.

Related : MOCI Commercial Business Registration Oman : www.statusin.org/5413.html

Who can request this service:
Investors and businessmen who are natural or juristic persons.

Steps to follow to request the service:
A. Process Steps:
** Founders apply to the DG of Commerce- MOCI- requesting a decision of incorporating a closed stock company. The decision will be issued after regular checks, and a copy will be handed over to founders.
** An Application Form of registering the closed stock company, together with the supporting documents, should be submitted to the Investors’ Services Department or any of its branches at the regional Directorates.
** The application will be referred to the Commercial Registry Secretariat (Companies Control Section) to approve registration.
** Entering the data to it, the computerized system sends an email or a text message to the applicant stating the application number and time and date of submission.
** Another email/ message will be sent to the applicant informing him the status of the application (Approved, rejected, need more information, etc.)
** In case of approval, the investor should pay the fees and get the certificate and papers required by the commercial registration office.

B. List all forms/applications that need to be completed to apply for the service:
The Investor’s Application Form should be filled in.

What documents are needed to process:
First Phase:
A letter addressed to the DG of Commerce requesting approval of incorporating the company. Original and two copies of the memorandum of incorporation and articles of association. Copies of founders’ ID cards. Copy of statement of depositing the capital.

Second Phase:
The following documents should be submitted after the issuance of the administrative decision:
** Copies of ID cards of the Board of Directors and the authorized signatories.
** Specimen of signatures
** Minutes of the partners assembly.
** Minutes of the first meeting of BOD.

Special conditions if any applicable:
** The capital of the closed joint-stock company should not be less than RO 500,000 (five hundred thousand)
** A bank statement of depositing the capital, if it is cash, or an evaluation issued by a competent office if the capital is a property should be submitted. The Ministry has the right to re-evaluate the property.
** The Trade Name of the Company should bear (S.A.O.C.)
** Stock companies are only established by the permission/ decision of the DG of commerce o establish the company and approves the minutes of incorporation and articles of association.
** Getting the administrative resolution, the company should hold its general meeting of incorporation.
** Another meeting should be held to form the Board of Directors and the authorized members.

How the service is processed:
The application will be received and the applicant will be notified by email or a text message.
The applicant will be informed by an email or a text message in case the application is (approved, rejected, or need more information).

How long will it take:
One – one week.

Fee to be paid: http://www.oman.om/wps/portal/!ut/p/…/bz64/regclosc