PKF International

Advantages

 Oman offers following advantages to the foreign investors to invest in oman.

  • Political Stability.
  • Liberal foreign ownership in companies permitted.
  • Oman is rich in oil and gas.
  • Capital and profits of a business entity is fully repatriable.
  • No personal income-tax. All individuals can fully repatriate their savings.
  • Committed to privatization, industrialization, economic diversification and development.
  • Free trade and open market policy.
  • Low income tax rate structure for companies and double taxation relief treaties available with many countries.
  • Income tax holiday period of five years renewable for further period of five years, available for business entities engaged in priority areas of economic development.
  • Geographically ideally located, proximity to Gulf, Asian and African markets.
  • Well regulated stock exchange.
  • Industries fulfilling certain conditions can get interest free/soft loans, exemption from custom duty on import of plant, equipment and raw materials and export credit insurance.
  • Government leased land available at a concessional rate with good utilities.
  • Modern infrastructure with good roads, airports, sea ports, and state of the art telecommunications and other services.
  • English is used widely in day to day business commerce.
  • Free trade zones in Salalah, Sohar, etc., offering attractive benefits to investors viz. full foreign ownership, low Omanisation, tax and custom exemption etc.