The Sultanate of Oman is distinguished by a strategic location linking East and West, linking markets in Europe and Asia. It is distinguished by its location adjacent to the Arabian Gulf and the Strait of Hormuz. The Sultanate has a location that can access the most important maritime transport corridors in the world. Thus, Oman enjoys easy access and connectivity with the countries of the Arabian Gulf, Africa and the subcontinent. India, while the Sultanate of Oman is considered an economically, politically and socially stable country in the Middle East and North Africa region.
In addition, the Sultanate is distinguished by providing a renewed framework with regard to laws and legislation in the trade and investment sector, in addition to being open to global free trade markets and providing ownership rights.
The Sultanate of Oman is characterized by relatively low taxes, a qualified bilingual workforce, and modern infrastructure in the transportation sector with the aim of encouraging investment.
01. Strategic location
The Sultanate of Oman is characterized by a strategic location linking East and West and has a location overlooking the most important commercially active sea transport corridors in the world. Thus, Oman enjoys easy access and connectivity with the countries of the Arabian Gulf, Africa and the Indian subcontinent.
02. Taxes
Oman falls within the tax-free zones, where companies must pay only 15% corporate tax when establishing the company. There is also no personal income tax or any individual tax. In addition, the movement of goods across the GCC countries is exempt from customs duties.
03. Infrastructure
The Sultanate of Oman is focusing on implementing plans to commit to economic diversification, industrialization and privatization to reduce dependence on oil revenues. Oman has an advanced infrastructure in the communications sector that supports interconnected international and local networks. The government is investing in the country’s infrastructure, including the manufacturing sector, ports, special economic zones, free zones, airports, educational and health systems, public facilities, communications, and tourism.
04. Transfer of capital and profits
Oman has an investor-friendly legislative environment and there are no restrictions on capital flow and profit transfer, as full profits and capital are allowed to be returned to companies established in special economic zones and free zones.
05. Foreign ownership
100% foreign ownership is allowed according to the new Foreign Direct Investment Law.