Free Zone Company in Oman

Free zones have always been attractive to investors looking to establish businesses in GCC countries. These zones facilitate international business by offering tax-free areas conducive to growth.

The process of forming a company in Oman’s free zones is favored by international investors due to the available benefits and the supportive environment for business expansion. This guide provides an overview of company formation in Oman Free Zones.

Benefits of Oman Free Zone Company Formation

There are numerous benefits to forming a company in Oman’s free zones:

Lease options available for a minimum of 5 years.
No corporate tax for 30 years.
100% ownership for investors.
No minimum share capital requirement.
Ability to trade within Oman without a local agent.
No duties on import and export procedures.

Industrial Free Zones in Oman

Oman has four free zones focusing on various business sectors and activities. These zones support activities such as importing raw materials, processing, assembly, packaging, exporting finished products, and warehousing.

The categorization of free zones aligns with specific industry needs, allowing businesses to select zones accordingly.

Steps for Company Formation in Oman Free Zone

Investors should follow these steps for company formation in Oman’s free zones:

Submit the Plot Application Form: Submit the application form and agree on commercial terms.
Prepare the Required Documents: Essential documents include a No Objection Letter to the Ministry of Environment and Climate Affairs, details of employment generation, investor information, business plan, capital investment details, electricity and water requirements, investor contact details, and projected cargo volume.
Clear the Due Diligence Process: Select a plot, obtain application approval, and complete due diligence.
Pay the Oman Free Zone License Cost: Set up your company in Oman starting from OMR 1999*. (*Prices subject to change, confirm with us for current rates).
Finalize the Process: Obtain the Certificate of Incorporation and sign the lease agreement.

In conclusion, Oman’s free zones offer a progressive environment and excellent investment opportunities for business investors. The strategic location enhances access to neighboring markets, benefiting both startups and established businesses.

To expedite the process, it’s advisable to consult with a knowledgeable business consultant familiar with Omani legal regulations and business setup procedures.

End Note

Sanad Services Center has been assisting firms and entrepreneurs in establishing businesses in Oman. Our experts are well-versed in the Omani business landscape and are ready to meet your business needs.

To begin your business journey in Oman today, contact us. We are here to assist you every step of the way.

Frequently Asked Questions (FAQs)

There are four free zones in Oman: The Al Mazunah free zoneThe Salalah free zoneThe Sohar free zoneThe Duqm SEZ.

The following documents are essential: Name of the investors along with their country of originBusiness Plan along with Capital InvestmentA figurative representation of total employment generationTotal electricity and water requirementContact details of the investorProjected cargo volumeA No Objection Letter to the Ministry of Environment and Climate Affairs.

The following benefits can be availed: Investors get 100% ownershipNo Minimum Share Capital requirementNo Corporate tax for a period of 30 yearsNo duties are imposed on import and export proceduresMinimum 5 years of leaseTrade can start within Oman without a local agent.

The free zones allow the import of raw materials, processing, assembling and packaging, exporting finished products, storing and warehousing of products, etc.