WHy oman

Robust Evolving

Economy

اقتصاد

تنافسي متنوع

Oman has a fast-diversifying economy with local-to-global growth prospects. In an effort to diversify Oman’s economy, the government is focused on developing

logistics

logistics

Manufacturing

Manufacturing

Fisheries

Fisheries

Mining

Mining

Renewable Energy

Renewable Energy

Agriculture

Agriculture

Circular Economy

Circular Economy

Education

Education

ICT

ICT

Healthcare

Healthcare

Tourism

Tourism

Sport

Sport

Petrochemical

Petrochemical

Business Friendly

Economy

اقتصاد

صديق للأعمال

Oman has a fast-diversifying economy with local-to-global growth prospects. In an effort to diversify Oman’s economy, the government is focused on developing

سلطنة عُمان تقدم مزايا تنافسية وبيئة محفزة للأعمال

Foreign Ownership

100% nationwide

Business Set-up

Quick hassle-free business set-up

Income Tax

No personal income tax

Signatory

Signatory to WTO, GCC common market, GAFTA, FTAs with USA, Singapore, Iceland, Norway, Switzerland and Lichtenstein

S&P Global Rating BB

S&P Global Rating BB- with stable outlook

Custom Exemptions

Imports of plant machinery and raw materials are exempt from customs duties for five years from the start of production

Capital & Profit Repatriation

Transfers of capital, profits, money, or dividends are not subject to any restrictions

Political and Economic Stability

We are proud with Oman's government transparency, sound economy, and peaceful politics

Legal Clarity

An climate with laws that are supportive of investors

International Success

A strong track record of supporting Omani companies to compete in the increasingly difficult global market. Omani goods and services are very popular abroad and are offered in more than 130 nations through its embassies and consulates

Strategic Location

Oman is at the nexus of trade routes and at the heart of the GCC market with its 59mn consumers. Plus we neighbour the growing markets of Asia and Africa. By 2025, emerging markets will account for US$30tr of consumer spend - nearly half the global total. Thanks to our location and world-class infrastructure, reaching these markets from Oman is easy.

Cost of Doing

Business

The World Bank ranks Oman as one of the most cost-effective countries in the Middle East for doing business in terms of labour, utilities, facilities, transportation, financing costs and taxes.

1

15% corporate tax

2

5% VAT

3

Regionally competitive wage and business costs

4

Highly attractive utility rates

Intellectual Capital

Oman has an abundance of intellectual capital. Our higher education institutes have a track record of working with industry to deliver innovation across major sectors including manufacturing, fisheries, tourism, logistics, mining, renewable energy, healthcare, petrochemicals, education and ICT.

Seamless

Connectivity

Maximizing the potential of Oman’s strategic location is our award winning infrastructure

Five modern
airports
Roads ranked amongst the best in the world
Four world-class
sea ports
Growing coastal ferry and
shipping services

Framework for

Success

Providing a framework that supports successful investment and business in Oman are our industrial estates, free zones, special economic zones and technology parks – all future-ready and thriving hubs of enterprise and innovation.

1

11 industrial estates

2

4 free zones

3

2 technology parks

4

An Industrial Innovation Centre.

5

A word-class Convention & Exhibition Centre.

6

Nationwide fibre optic connectivity.

Natural Resources

Oil, gas, minerals, metals, seafood, and other natural resources of Oman give producers access to a ready supply of raw materials. Our strategic position and logistical network offer a dependable supply for any additional resources that may be imported, keeping costs down because production inputs and machinery are exempt from import charges.

Top

Talent

We have an outstanding talent pool of motivated and skilled multi-lingual individuals who are innovative and entrepreneurial, and ensuring Oman has a qualified, capable and productive workforce equipped with the in-demand skills needed by our ambitious companies as they power forward in domestic and international markets is the National Training Fund. Companies in Oman also benefit from the contributions of talent from across the world

129,000+
students enrolled in higher education
30,000+
university, technical and vocational graduates annually
80%
of Oman’s new public sector employees hold university degrees
2
Oman’s two most popular undergraduate degrees, Engineering & Management
25%
of Oman’s working population is under 30 years of age

Economic and financial plans

By aligning financial policies with the needs of economic growth through a set of economic and financial plans, Oman Vision 2040 seeks to achieve financial sustainability without harming the government's capacity to carry out the vision's economic and social goals, With the aim of encouraging the private sector, attracting investments, and attracting competencies.

Enviable

Lifestyle

Oman is an outstanding place to set up home, raise a family, grow your business and develop your career

Safe

tranquil and welcoming

Politically

Stable

First class

Schools, colleges and universities

Excellent

Healthcare

Outstanding

Real estate options

Rich

Heritage and culture

Exceptional

Natural beauty

Diverse entertainment

Sport and leisure options

Five UNESCO

World Heritage sites

Oman Business Platform

Oman Business Platform is one of the flagship portals designed to streamline business creation in the country. Developed in collaboration with various government departments, it exemplifies the use of international best practices to enhance the national business environment. This comprehensive online service provides a single point of contact for the business community, covering everything from company formation to obtaining licenses and submitting annual reports. Aligned with the government’s e-Transformation strategy, the platform, through Oman Business Platform, enables businesses to register, request licenses from 10 government entities, and authorize over 1,500 economic activities in just minutes. Since its launch, more than 286,000 licenses have been issued, including 38,000 to foreign investors.