Oman has favourable options for business investors in course of time. To set up a business in Oman seems to be a flexible option. It offers multiple free trade locations termed as ‘Free Zones’ that targets different industries. One such free zone is the ‘ Salalah Free Zone’.
The Key Investment Sectors of Salalah Free Zone
Salalah Free Zone focuses on the following sectors:
Benefits to Set up a Company in Salalah Free Zone
It has a tax exemption for 30 years. 100% foreign ownership under-expansion for direct destination links and cargo. Investment of $ 15 billion Usd to meet by 2028. The cost-competitive market research along with utilities, labour and infrastructure. It offers a large number of Free Trade Agreements(FTA). Being an investor you have to be aware of the different licenses and permits that the zone offers.
Permits & Licenses in Salalah Free Zone Oman
To carry out the business activities, SFZ has the following licenses for investors.
- The General Trading License
The license holder has the flexibility to export, import, distribute and store the items as per the regulations of the Free Zone Authority.
- The Trading License
The holder of the trading license may export, import, distribute and store items that have been mentioned in the license.
- The Industrial License
This allows the holder to import raw materials, set up industries, carry on assembling and manufacturing processes and exporting them to several nations.
- The Service License
The service license gives privilege to the license holder to carry specific services within the Free Zone. This is granted by the parent company and the license is issued by respective government departments.
Certain essentials are provided in the process of business establishment. You have to keep the few documents ready before proceeding with the establishment process.
Documents to Setup a Company in Salalah Free Zone
When you get all the essentials, you can proceed with the company registration process.
How to Set Up a Company in Salalah Free Zone
To start a business in SFZ, certain processes have to be followed:
- Submit Company Essentials
The necessary documents have to be submitted to initiate the process to the next level.
- Get a No Objection Letter
You have to get a No Objection Letter from the Salalah Free Zone Authority that has no objection to set up your business in their free zone premise.
- Due Diligence
You need to get the due diligence of the company to avoid any kind of offence.
- Selecting Plot
You can select the plot size after the due diligence.
- Fee Payment
You have to move to the next level of fee payment for the premise.
- Permits and Licenses
Special permits and licenses are obtained from the respective authorities to carry out the business activities.
- Certificate of Registration
After collecting the needed licenses and permits, the Certificate of Registration has to be collected from the Registrar Office.