Al Farooq for Auditing and Financial Consultancy
Muscat
- Company formation
- Accounting and bookkeeping
- Tax compliance
- +4 more
Languages: English
View profile of Al Farooq for Auditing and Financial ConsultancyCorporate services provider in Muscat, Oman
Based in North Azaiba, Muscat, this business consultancy is built around foreign investors and entrepreneurs who want to start a company in Oman. It reports more than 500 companies formed and states that it holds a licence from the Ministry of Commerce, Industry and Investment Promotion. Typical clients are expatriate founders, groups from the GCC and international businesses setting up a local LLC, single-person company, branch or representative office, including structures with full foreign ownership under the Foreign Capital Investment Law. After registration the team stays on to keep the company compliant, covering tax card and licence renewals, chamber of commerce certificates, annual audit, VAT returns and bookkeeping. Residency routes for owners and their families, from partner and investor visas to golden residency, are handled alongside the incorporation. Each client has a named account manager, and the firm deals with Arabic-language government submissions on the client's behalf.
Formation covers trade name reservation, drafting of the memorandum of association, commercial registration and foreign investment licensing through the national business platform. Company documentation includes licence renewals, share transfers and liquidation. Tax work covers Oman Tax Authority registration, tax card issue, corporate income tax returns, VAT registration and quarterly returns, refunds, transfer pricing and responses to assessments. Accounting services provide monthly bookkeeping, IFRS-based statements, payroll and management reporting, with financial and internal audit available.
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