Commerce, Industry Ministry Begins Registering One Person Company via Invest Easy

Muscat, The Ministry of Commerce and

Industry has started registering the new legal form for companies, the

one-person company approved by the new Commercial Companies

Law issued by the Royal Decree No. 18/2019, through the “Invest

Easy” system. This service launched to facilitate procedures for the

investors and the completion of transactions easily and conveniently, in

addition to the 88 electronic services provided by the system.

Said bin Juma al-Salmani, Commercial Register Secretary at

the Ministry of Commerce and Industry, said that one-person company

is one of the new trading companies, a limited liability company whose

capital is fully owned by one natural or legal person. He added that the

natural person may not establish more than a one-person limited

liability company and a limited liability company established by one

person may not establish a one-person limited liability company. He

added that the law also does not stipulate specific capital for the

establishment of a one-person company.

He pointed out that these types of companies are managed by

the owner of the capital and may appoint one or more directors to

represent them before the courts and others and be responsible for

managing them before of the owner. The owner of the company shall

not be liable for the liabilities except for the amount of capital allocated

to them. He added that the appointment of an auditor shall be required

in case the capital of the company is more than RO 50,000 and the

company of the same person shall be treated as the limited liability


The investor can set up his company through self-service by

entering the “Invest Easy” portal, choosing a new business registration

service, choosing the legal form of one-person company, filling all

required data in the system, signing the transaction and paying the

fees electronically.

Source: Oman News Agency