Why not start your own business in Oman? It’s a great place to do business. Oman has been trying to increase the variety of business opportunities in the country by making it easy for foreign investors to set up shop in the Sultanate. If you think your next business opportunity is in Oman, you can use this 7-step guide to help you register your company. Choosing the Right Company Structure There are a few different types of business entities in Oman from which
MUSCAT: Eng Salim bin Nasser al Aufi, the Minister of Energy and Minerals, said here on Tuesday that supporting regulations for Oman’s new green hydrogen industry should be out by the end of the first quarter of 2023. At the Green Hydrogen Summit Oman 2022, which is taking place in the city, Al Aufi urged interested investors to go ahead and register their interest on a new platform set up by the Omani government to make sure that green hydrogen projects
The Dh10 billion investment alliance between Abu Dhabi holding company ADQ and Oman Investment Authority will go after a number of different sectors. ADQ made a separate deal with Oman’s Information, Communication, and Technology Group, a wholly-owned subsidiary of OIA, for a Dh592 million venture capital fund to invest in high-growth tech companies in Oman. They also found “preliminary investments” worth more than Dh30 billion that need to be evaluated further in new projects in Oman in areas like hydrogen, solar
All GCC residents, no matter what they do for a living, can now enter Oman from any border for business, tourism, or any other reason. Local media said that residents still need visas, which they can get when they arrive at any GCC border post. According to a circular from Oman Airports, Oman currently lets all GCC residents with a valid residence and work visa from the UAE, Bahrain, Kuwait, Saudi Arabia, or Qatar, no matter what they do for a living,
The Ministry of Transport, Communications, and Information Technology has brought together groups of local and foreign investors in the governorate of Dhofar to host and process data. As a result of a partnership between local and international digital innovation companies, Green Data City is building a large data centre to store, process, and mine data for applications like distributed ledger technologies, blockchain, and Fintech. The ministry’s job is to get digital investments in advanced technologies like data hosting and data processing to
Local media said that more than 200 foreigners have been given Omani citizenship. Sultan Haitham Bin Tarik has signed a Royal Decree that gives 216 people who live abroad citizenship. In February, 157 foreigners living in Oman were given citizenship by the Sultan. The Ministry of the Interior says that foreigners who want to become citizens of Oman and get a passport will have to pay OMR600 for an application, while the spouses or ex-spouses of Omani citizens will have to pay
Sultan Haitham bin Tariq of Oman made a royal decree about the religious and national holidays that will be observed by the state administrative apparatus, government agencies, and private sector establishments in 2023. The decree lists the Islamic New Year, the birthday of the Prophet Mohammed (PBUH), Al Isra Wal Miraj, the Sultanate’s National Day, and the Eid Al Fitr and Eid Al Adha holidays. The decree says that the first of Muharram is an official holiday to mark the Islamic New
Taxes and customs in Oman are governed by the Income Tax Law (Sultani Decree 28/2009, as amended by Sultani Decree 9/2017) and Sultani Decree 118/2020, as well as certain parts of the Commercial Companies Law (Sultani Decree 18/2019), the Social Security Law (Sultani Decree 72/1991, as amended), and the Unified Customs Law of the Gulf Cooperation Council Countries. Oman has signed double-taxation treaties (DTTs) with more than 30 countries. These treaties free Omani taxpayers from some tax obligations in those countries.
The Oman, with out a doubt, is one of the quickest developing economies withinside the Middle East. Investors round the arena search for possibilities to go into the Oman market. The eating place zone, in particular, has visible terrific boom in previous couple of years. According to Euromonitor International, an extra 19,000 retailers are predicted to go into Oman through 2019, presenting one extra purpose to put money into meals and beverage zone there. Oman and Abu Dhabi have visible
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