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November 13, 2023
The 100% Ownership for Foreign Investors in Oman
Oman implements the new Foreign Capital Investment Law that came into effect in early January 2020, which allows the foreign investors to open businesses with full ownership and would not stipulate the Share Capital requirement. Ministry of Commerce and Industry enforcement of the new Foreign Capital Investment Law, promulgate the Royal Decree No. 50/2019 holds…
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July 27, 2023
Steps to Set Up a Real Estate Business in Oman
Oman is a country with a growing economy and a high demand for real estate. If you are considering setting up a real estate business in Oman, there are a few steps you need to take. You will be Interested on : Real Estate Company Registration in Oman Choose the right business structure The first…
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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 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 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 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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June 30, 2023
What are the advantages of free zone in SOHAR?
Sohar Free Zone (SFZ) is one of the most popular free zones in the Sultanate of Oman. It is located in the Sohar Industrial Port, which is the largest industrial port in the country. SFZ offers a number of advantages to businesses, including: Advantages of Free Zones in Sohar The advantages of free zones in…
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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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June 14, 2023
Oman and UK Explore Means of Enhancing Investment Cooperation
Muscat, June 13, 2023 – The Minister of Commerce, Industry and Investment Promotion, HE Qais Mohammed Al Yousef, and the Minister of State for International Trade in the United Kingdom, Nigel Huddleston, met today to discuss ways to enhance investment cooperation between the two countries. The meeting, which was held via videoconference, focused on the…
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May 31, 2023
Oman Seeks Investment in the Green Hydrogen Field
Seoul: Mohsin bin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, is leading a group of government and business agencies from Oman on a trip to the Republic of South Korea. The purpose of the visit is to improve the Sultanate of Oman’s investments in green hydrogen, oil, gas, and minerals in…
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