Sohar Free Zone Company Formation Oman

Sohar Free Zone Company Formation : Oman’s sultanate is a gateway of opportunities to business dreamers and international investors. It is one of the open economies of the world in providing a wide range of opportunities to different corporates. It offers various free zones to stimulate the region as investor-centric. One among those free zones turns out to be Sohar Free Zone.

When you are an investor and plan to set up a business in Oman, you can go for Free Zone and Sohar Port.

The Sohar Port Free Zone has a wide range of business opportunities for multiple industries. The core industries are:

• Petrochemicals.
• Aluminium.
• Plastic.
• Iron.
• Steel.
• Auto parts.
• White Goods.
• Grains.
• Furniture.
• Ceramics.

These industries are one of the dominating players in this Free Zone. The region gives multiple benefits to the investors as well.

The Benefits of Setting Up a Company in Sohar

• Complete Foreign Ownership

Investors could enjoy 100% foreign ownership on setting a business in Sohar Free Zone.

• Tax exemptions

Taxes are exempted for at least 25 years.

• Minimum Omanization Rates

The minimum Omanization level stands at 15%. It reaches 25% after 10 years, 35% after 15 years and 50% Omanization after 50 years.

• The free trade agreements

Sohar Port investors enjoy free trades with Singapore and the United States as the location gives the option of Free Trade Agreements.

• No personal income tax

Port offers tax-exemption for import, personal income tax and re-export duties.

It is specifically related to the nature of business and activities.

• Service Provider License
• Industrial License
• Light Manufacturing and Assembly License
• Logistics License
• General Trading License

• Sohar Work Permit
• Special Transport Permit
• Common Area Work Permit

On Setting Up a Company in the Sohar Free Zone

Black Swan can help you in Sohar Free Zone Company Formation, Following steps to incorporate a company in the Sohar Free Zone are:

• Application Submission

You have to submit the company incorporation application form. A filled Plot Application Form (PAF) has to be submitted.

• Essential Documents Submission

Core documents are submitted to complete the registration process.

• Signed and filed Investor’s form by the shareholders.
• Copy of Shareholder’s Passport.

If the shareholder is from outside of Oman, the following documents have to be submitted:

• Commercial Registration of the company.
• Board Resolution of the Free Zone Company.
• Articles and Memorandum of Association.

Get a No-Objection Letter from the MECA

The No-Objection Letter has to be collected from the Ministry of Environment and Climate Affairs (MECA), clearly stating there is no objection to the commencement of the project.

The Due Diligence Process

This is performed on the shareholders and promoters of the Free Zone Company. A background check, past projects, and clients information are investigated.

Signing the Agreement

The next step is signing the agreement between the Sohar Free Trade Zone Authority and the new Free Zone Company.

On the completion process, the following will be issued:

• The Commercial Registration Certificate.
• Using Affiliation Certificate to Oman Chamber of Commerce and Industry.
• A PO Box No. for one year.

All free zones of Oman provide certain benefits. Alike Al-Mazunah Free Zone, the Sohar Free Zone also offers certain facilities for its investors to commence their business operations smoothly. Call us today for Sohar Free Zone Company Formation or Company Registration or to know cost of Business Setup Sohar Free Zone Oman.

• Available land for industrial or logistical use.
• Pre-built warehouse for Lease.
• Direct highways connecting United Arab Emirates and Muscat
• Road Connection with Saudi Arabia.
• Commercial offices for Rent.
• The Modern Infrastructure.