July 18, 2023

How Much Does It Cost to Set Up a Business in Oman?

Oman is an excellent choice to do business because it has a low company tax rate and offers many incentives for foreign investors. The cost of setting up a business in Oman will vary depending on the type of business, the size of the business, and the location of the business. However, in general, the…

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July 13, 2023

New UAE Visa Rules: Creating Opportunities for Investors and Entrepreneurs

In the first half of 2022, Dubai issued almost 25% more business licenses than it did in the first half of 2021, bringing the total number of licenses issued to 45,653. The new UAE visa laws have been a big help, especially for new businesses. They are also giving entrepreneurs, investors, job seekers, IT professionals,…

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July 12, 2023

New initiatives to help revitalise trading on MSX – Oman

Muscat: The Muscat Stock Exchange (MSX) recently unveiled a series of innovative steps that would help stabilize the exchange and revitalize trading. The initiative’s significance lies in its capacity to easily provide liquidity for securities, maintain a balance between supply and demand, and limit the existence of offers to buy or sell securities without accompanying…

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July 11, 2023

Difference Between Import and Export

The main difference between import and export is that import is when a company in one country buys goods from another country so that it can sell them in its own market. On the other hand, exporting means that a company sells goods made in its own country to people in other countries. Trade is…

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July 10, 2023

Oman’s oil exports reach 128.07 million barrels by May

Muscat: The National Centre for Statistics and Information (NCSI) released preliminary figures showing that the Sultanate of Oman exported a total of 128,070,300 barrels by the end of May 2023, with an average oil barrel price of $81. You will be interested on: Oman Free Zone Company Formation Eighty percent of the 160,144,300 barrels of…

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July 6, 2023

What are the Exempt Income Categories Under UAE Corporate Tax Regime?

Overview According to the Public Consultation Document released by the Ministry of Finance (MOF) on April 28, 2022, the UAE Corporate Tax (CT) regime plans to stop double taxation by not taxing some types of income. Most of the UAE CT doesn’t apply to companies based in the UAE. This is because most of their…

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July 4, 2023

His Majesty The Sultan issues Royal Decree establishing Khazaen Economic City – Muscat, Oman

Muscat, Oman – His Majesty Sultan Haitham bin Tarik has issued a Royal Decree establishing Khazaen Economic City and promulgating its Bylaw (articles of association). You will be interested on: Duqm Free Zone Company Formation Registration Incorporation The city will be located in the governorate of South Al Batinah, on a land area of approximately…

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July 4, 2023

UAE Issues New Decree Law on Family Businesses and Offices

The UAE Government published Decree Law No. 37 on Family Businesses in the official gazette on October 10, 2022. The New Law will take effect on January 10, 2023, which is three months after it is published. People are glad that the government passed this new law because it shows that the country is still…

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July 3, 2023

How to Setup Auto Parts business in UAE

The UAE is the second-largest market for cars in the GCC. Many business owners and investors want to sell auto parts in the UAE because it is a stable place for both domestic and international business. Today, the UAE is the best place to set up a business because it has the best conditions for…

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June 26, 2023

How to Set Up a Business in Oman Free Zone

Oman is a Middle Eastern country on the Arabian Peninsula. It is a relatively small country, but it has a large economy and is a major trading hub. Oman has a number of free zones, which are special economic zones that offer businesses a number of benefits, such as tax breaks, customs exemptions, and simplified…

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