Running an Oman company comes with annual compliance obligations. Here's a comprehensive guide for NRI business owners in 2025.
1. Commercial Registration Renewal
Every Oman company must renew its Commercial Registration (CR) annually with the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). The CR renewal confirms your business activity, registered address, and ownership details. Deadline: Before CR expiry date (typically annual).
2. Municipal Licence Renewal
The municipal licence (issued by the relevant municipality) must also be renewed annually. This is separate from the CR and confirms your business premises are compliant. Deadline: Before licence expiry.
3. Audited Financial Statements
All Oman LLCs must prepare audited financial statements by an Oman-licensed auditor. Statements must be filed with MOCIIP. Deadline: Within 3 months of financial year end.
4. Corporate Income Tax Return
The annual corporate income tax return must be filed with the Oman Tax Authority. Deadline: Within 3 months of financial year end. Advance tax payments are required quarterly.
5. VAT Returns
Companies registered for VAT (mandatory if annual turnover exceeds OMR 38,500) must file quarterly VAT returns. VAT rate: 5%. Deadline: Within 30 days of quarter end.
6. Free Zone Compliance (if applicable)
Free zone companies must comply with their specific free zone authority's annual reporting requirements, including renewal of free zone licence and submission of audited accounts.
7. India-Side FEMA/RBI Compliance
- APR (Annual Performance Report): Filed by 31 July each year
- ODI reporting: For new investments or shareholding changes
Compliance Calendar
| Obligation | Deadline | Authority |
|---|---|---|
| CR Renewal | Before expiry | MOCIIP |
| Municipal Licence Renewal | Before expiry | Municipality |
| Audited Accounts + Filing | 3 months post-year-end | MOCIIP |
| Corporate Tax Return | 3 months post-year-end | Oman Tax Authority |
| VAT Returns | 30 days post-quarter | Oman Tax Authority |
| APR (India) | 31 July | RBI / AD Bank |
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Also read: Complete Guide to Oman Company Formation | Oman Free Zones Guide | Banking for Your Oman Company | Why Kerala NRIs Should Form a Company in Oman