Free zones have historically been the enticing element for investors to establish a business in GCC nations. As tax-free zones, these zones have been instrumental in attracting international business to their respective nations. Due to the existence of free zones, Oman has long been a popular location for international investors to establish a business. If you have plans to expand your business in Oman, you should consider Oman’s free zones. This guide will provide you with an overview of business formation in Oman’s free zones.

Industrial Free Zones in Oman

The Sultanate has four free zones where different types of businesses and activities can grow. The zone makes it possible to import raw materials, process, assemble, and package them, export finished goods, and store and warehouse them. There are free zones in Oman.

1. Al Mazunah Free Zone
2. Salalah Free Zone
3. Sohar Free Zone
4. Duqm SEZ

The free zones have been put into groups based on the types of businesses they help. One should choose a zone based on their business and how they do business. In Oman, there are 4 free zones:

1. Al Mazunah Free Zone

Al Mazunah was built in 1999 and is close to the Yemeni border. This makes it the gateway to the Republic of Yemen and East African countries from the Gulf. This area is a centre for business, service, and manufacturing.

2. Salalah Free Zone

This free zone helps businesses that want to grow in the Middle East, Africa, Southern Europe, and Asia. The low cost of labour, utilities, and infrastructure make the place an attractive place to live.

3. Sohar Free Zone

It is a deep-sea port on 4,500 hectares that brings in almost US$26 billion and is one of the ports with the fastest growth in the world. The port will likely be in charge of running Oman’s National Food Reserve.

4. Duqm SEZ

Duqm SEZ is home to one of the most important economic zones of the future. With an area of almost 1,745 km2, the zone has been split into 8 sub-zones that offer different ways to invest, such as in industries, a seaport and dry-dock, tourism, fishing, etc.

Now, let’s take a look at the benefits you can get from setting up a business in Oman.

Benefits of Setting Up a Company in Oman Free Zone

• Investors own everything.
• No Minimum Share Capital requirement
• For ten years, there will be no corporate tax.
• There are no taxes on importing and exporting.
• At least 5 years on the lease
• Without an agent in Oman, trade can start.

How to Set Up a Business in Oman Free Zone?

To start a business in the Oman free zone as an investor, you need to follow the steps below:

• Send in the Application Form for a Plot
• Come to a deal on the business terms
• Send a letter to the Ministry of Environment and Climate Affairs that says you have no objections.
• Clear the process of due diligence
• Choose a plot and get permission to build on it.
• Pay the rent, the fee to incorporate, and the licence fee.
• Get your company’s Certificate of Incorporation.
• Put your name on the lease.

Documents Required to Set Up a Business in Oman Free Zone

• Names of the investors and the country where they are from
• How much land do you need to start a business?
• A business plan and money to start up
• A symbolic representation of how many jobs are made.
• The total amount of electricity and water needed
• Information on how to reach the investor
• Estimated amount of cargo

Fees Required to Set Up a Free Zone Company in Oman

Activities	Fee
Business Registration	OMR 1,000-2000
Commercial/ Logistics License	OMR 350 – 400 (annual)
Industrial/ Manufacturing License	OMR 380- 400 (annual)
2-Year Visa	OMR 200

By putting all the information together, we can say that Oman’s free zones are making progress and are a great place for business investors to put their money. The location has a lot of potential for both established businesses and new ones. It also gives investors a chance to grow their businesses in the countries next door. To start the process, it’s best to talk to a business consultant who knows the Omani legal rules and regulations and the process for setting up a business. This will make it easier and faster for you to incorporate the entity. Not sure who to talk to? Don’t be afraid. We’re looking out for you.

If you are looking for a Business Setup Company in Oman to register a company in Oman Free Zone , Call us on +968-78198097 or fill up the form below

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