The Sultanate of Oman located in the Persian Gulf has become a striking business investment spot. Muscat, the capital of Oman has raised its economy and positioned itself as one of the fastest-growing economies in the Arabian country.

As per a trusted source, the economy of Oman would grow 10% more by 2040. The Omani government has taken several measures to establish Oman as the main center of business opportunities. Business setup in Oman has many business establishment options that assist international investors in initiating the process. In this blog, you’ll learn how to get ideas for many business opportunities available in Oman.

Omani Government Initiatives

The Omani government adopts the essential practices in leveraging the business opportunities for LLC companies and sole proprietorships in Oman. Some of them are listed below:

Oman Business Forum

The Oman Business Forum collaborates with private and public sectors to unlock business ideas and growth opportunities in Oman. The Omani government aims to achieve GDP growth through multiple businesses and to maintain a safe inflation rate. Start-ups, SMEs, and entrepreneurship can boost the country’s economy to a great level.

Boosts Entrepreneurship And Start-Ups

The government of Oman is initiating plans to build a smart city. A good networking base built through trade agreements can help entrepreneurs and start-ups to climb the business ladder.

Exporting Non-Oil Products

Arabian countries are popular for exporting oil and its by-products. But the Omani government is now shifting its focus to non-oil sectors.

Vision 2040

The aim of vision 2040 is to enhance the GDP by 10%. It significantly improves the count of expats living there. Analysts predict that a 5 million population count can be reached within two years. If the population increases, the demand for business activities will be even more.

Growing Business Opportunities In Top Sectors

The government of Oman can divert its attention to a few sectors to leverage the untapped potential. These sectors are:

• Fisheries
• Manufacturing
• Education
• Mining
• Tourism and Travel
• Transportation and Logistics
• Event Management
• Technology-Based Startups
• Health Sector
• Medical Consultancy

Advantages Of Establishing A Business

• No personal tax
• Get access to a global market
• Stable business and investment
• World-class infrastructure facilities
• Availability of bilingual workforce

Oman has spread their wings to businesses of several sizes and nature. When you want to establish a company in Oman, you must get the help of a business consultant who will help you in business. Black Swan can assist you in the complete process of incorporation and help you build your business in Oman.

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