Free- Zone Company

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Setting up a business in a free zone is relatively beneficial for foreign investors.
Free zone authorities require minimum paperwork and duration etc. Here are the key steps to set up a business in a free zone.
  • Determine the type of legal entity
  • Choose a trade name
  • Apply for a business license
  • Choose an office space
  • Get pre-approvals, register your business and get your license
Establishing a company in any foreign state involves massive amounts of investments that are to be borne by the owners / shareholders of the company being formed.

This might turn out to be an extremely challenging process to withstand for a sole or joint proprietorship at the initial stage of forming the company. To leverage and expand the business provisions, the government in the Sultanate has regulated free zones in Oman that are economical business establishment zones. Competitive incentives and opportunities from Oman's numerous free-trade agreements signed with strategic economic countries such as Europe, the United States, Singapore and the Gulf Cooperation Council are some to describe. Each of the free zone that focuses on a different industry and each zone caters and is tailored to the particular infrastructural needs of its industry of focus. At the same time, they can initiate and improve business opportunities.

Why set up company in Oman Free Trade Zones?
  • Companies established under the Free Zones and Special Economic Zones benefit from tax exemptions and commercial incentives for example:
  • 100% Repatriation of Capital and Profits
  • 100% foreign ownership.
  • Modern and sophisticated infrastructure
  • Fast and easy business set-up procedures
  • No personal income tax for employees.
  • Developed business communities
  • No customs duties levied on imported and re-exported goods
  • 100% exemption from corporate and income taxes
  • Independent laws and regulations
  • Easy regional and global market access

Free-zone in Oman are as follows:
  • Al Mazunah Free Trade Zone
  • Salalah Free Zone
  • Sohar Free Trade Zone 
  • Duqm Special Economic Zone
  • Knowledge Oasis Muscat Special Economic Zone

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