Salalah Free zone oman
Oman has favourable options for business investors in course of time. To set up a business in Oman seems to be a flexible option. It offers multiple free trade locations termed as ‘Free Zones’ that targets different industries. One such free zone is the ‘ Salalah Free Zone’.
The Key Investment Sectors of Salalah Free Zone
Salalah Free Zone focuses on the following sectors:
- Chemical and Material Processing.
- Assembly and Manufacturing.
- Logistics and Distribution Moving.
Benefits to Set up a Company in Salalah Free Zone
It has a tax exemption for 30 years. 100% foreign ownership under-expansion for direct destination links and cargo. Investment of $ 15 billion Usd to meet by 2028. The cost-competitive market research along with utilities, labour and infrastructure. It offers a large number of Free Trade Agreements(FTA). Being an investor you have to be aware of the different licenses and permits that the zone offers.
Permits & Licenses in Salalah Free Zone Oman
To carry out the business activities, SFZ has the following licenses for investors.
- The General Trading License
The license holder has the flexibility to export, import, distribute and store the items as per the regulations of the Free Zone Authority.
- The Trading License
The holder of the trading license may export, import, distribute and store items that have been mentioned in the license.
- The Industrial License
This allows the holder to import raw materials, set up industries, carry on assembling and manufacturing processes and exporting them to several nations.
- The Service License
The service license gives privilege to the license holder to carry specific services within the Free Zone. This is granted by the parent company and the license is issued by respective government departments.
Certain essentials are provided in the process of business establishment. You have to keep the few documents ready before proceeding with the establishment process.
Documents to Setup a Company in Salalah Free Zone
- Summary of the business conducted.
- Application form to be filled with personal and professional details.
- Passport of Shareholders.
- Memorandum of Articles (MOA).
- Certificate of Registration.
- Bank accounts of 6 months.
- Appointment letter of the auditor.
- Auditor’s letter of acceptance.
When you get all the essentials, you can proceed with the company registration process.
How to Set Up a Company in Salalah Free Zone
To start a business in SFZ, certain processes have to be followed:
- Submit Company Essentials
The necessary documents have to be submitted to initiate the process to the next level.
- Get a No Objection Letter
You have to get a No Objection Letter from the Salalah Free Zone Authority that has no objection to set up your business in their free zone premise.
- Due Diligence
Need to get the due diligence of the company to avoid any kind of offence.
- Selecting Plot
You can select the plot size after the due diligence.
- Fee Payment
Have to move to the next level of fee payment for the premise.
- Permits and Licenses
Special permits and licenses are obtained from the respective authorities to carry out the business activities.
- Certificate of Registration
After collecting the needed licenses and permits, the Certificate of Registration has to be collected from the Registrar Office.
Facilities offered by Salalah Free Zone
- Office space for lease.
- Construction facilities.
- Good connectivity.
- Warehouse of different sizes.
FAQ
What is Salalah Free Zone?
The Salalah Free Zone is a free trade zone in the south of Oman, which provides tax breaks and eased restrictions to foreign businesses.
Who can register a company in Salalah Free Zone?
Local and foreign entrepreneurs are eligible to set up a company in Salalah Free Zone with the possibility of 100% foreign ownership.
What types of business entities can be registered?
You may choose to register as either a Free Zone Company (FZC), a Free Zone Establishment (FZE) or a branch of an existing company.
What are the main benefits of registering in Salalah Free Zone?
Advantages include tax-free status, full repatriation of profits, no import duties,and strategic access to global markets.
What industries are encouraged in Salalah Free Zone?
Important sectors are logistics, production, pharmaceuticals, petrochemicals and food processing.
What documents are required for company registration?
Necessary documents are business plan, shareholders passport copies, company name approval and board resolution (if applicable).
How long does it take to register a company?
It will normally take 1- 2 weeks for the registration provided all the documents are in order.
Is it mandatory to have a physical office in the Free Zone?
Yes, companies need to rent an office or warehouse in Salalah Free Zone to be operational legally.
Are there any restrictions on hiring employees?
Companies can hire both local and foreign employees, but must comply with Oman’s labor laws and visa requirements.
Can I open a corporate bank account with a Salalah Free Zone company?
Yes, you will be able to open a corporate bank account after you register your company, and the bank can be local or international in Oman.