Frequentley Asked Questions
What is GIT?
GIT is a one stop solution for International companies who are looking to do business in Oman.
What does GIT do?
GIT carries out a full setup process from initial registration of a company with a 70-30 % partnership agreement, requiring NOC with local authorities, obtaining clearance with the ministries, carrying out & following-up all the documentation required by the ministry, work place /warehouse / operational place registration, processing other governmental clearances, visa processing and clearance, opening a bank account and operational start of the business.
Why to choose GIT?
GIT has a unique quality of services with our highly professional experts and advisers we give support from the start to Finish. We also offer HR services, PRO services, Relocation services, Marketing services, Accounting and taxation services and other maintenance and promotional services.
How long does it takes to setup a business profile in Oman?
Basically it takes 4 – 8 weeks to be provided with all the necessary formal documents to be submitted, processed and to register..
What are the business entities option available in Oman?
There are four different business entities available in Oman. They are Limited Liability Company (LLC), Free Trade LLC, Branch office and representative trade office. Each of the entity differs with the terms and the type of operation.
What is the advantage with FTA?
FTA is the Free Trade Agreement between America and Oman where the American owned companies do not require a local sponsor and can own 100% ownership and are exempt from some restrictions and policies.
How much does it costs for setting up a business in Oman?