Launch Your Startup in Oman with 100% Ownership
The Single Person Company (SPC) is an excellent vehicle for individual entrepreneurs and global innovators. No local sponsor required, zero minimum share capital, and complete control.
100% Ownership
Full foreign ownership of your Oman entity without the need for a local sponsor or partner.
Zero Minimum Capital
Unlike standard licenses requiring OMR 20M+, this track allows you to start with nominal capital (e.g., OMR 1,000).
Residency Support
Immediate eligibility for Investor Visas or Premium Residency for founders and their families.
Who is this for?
The Single Person Company focuses on individual entrepreneurship and innovation. The Ministry of Commerce, Industry and Investment Promotion (MOCIIP) offers this to streamline 100% individual foreign ownership in Oman.
Target Profiles:
- Solo Founders and Individual Entrepreneurs
- Independent Consultants and Experts
- Tech Innovators (SaaS, AI, E-commerce)
- Freelancers establishing a formal corporate entity
Document Checklist
- Pitch Deck / Business Plan: Detailing innovation & market strategy.
- Passport/ID: Clear copy of the individual founder's passport.
- Financials: Latest audited financials (waived for startups < 1 year).
- Company Documents: COI/AoA of the parent company (if applicable).
The Roadmap to Launch
Typical timeline: 3 - 6 Weeks
Prepare Profile
Draft the foundation documents and ensure the proposed activities align with SPC regulations in Oman.
MOCIIP Approval
Submit the application on the Oman Business Platform for initial name and activity approval.
Licensing
Upon approval, sign the constituent documents and issue the Commercial Registration (CR).
Visas & Operations
Register with the Oman Chamber of Commerce (OCCI), open a corporate bank account, and apply for Investor Residency Program (IRP) visas.
Why Choose the Single Person Company (SPC)?
| Feature | Single Person Company (SPC) | Standard Limited Liability Company (LLC) |
|---|---|---|
| Minimum Capital | Zero / Nominal | Usually OMR 500k+ (on paper) |
| Govt Fees (Year 1) | Varies by chosen activity/grade | Standard Commercial Rates |
| Ownership | 100% Foreign | 100% Foreign |
| Key Requirement | Single Founder / Natural Person | Corporate Entity Parent |