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Doing business in Oman


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Seeking to attract foreign investments and activate the role of the private sector, the Sultanate provides many incentives and unpaired financial support, including:

Oman grants soft loans against an interest of 3% for investment projects amounting to RO 250 thousand or less,
The Sultanate has a strong and fixed local currency, where the value of the Omani Riyal is about US $ 2.6, it also features fixable viability of conversion to other currencies
The Sultanate's laws allow the free transfer of capital and profits, and access and departure of expatriate workers to and from abroad
Duty-free import of machinery, equipment and spare parts for industrial investment during the period of construction, expansion or replacement, the exemption on imports of priority and semi-manufactured materials for production processes, which are not currently available in the Sultanate
Tax exemptions for navigation companies, which are wither fully Omani owned or acting in Oman through an approved agent
Omani Investment law provide income tax exemption to corporate for five years from its inception, renewable and fairly provides the same to foreign investors according to investment laws, as follows:
Omani companies, joint stock companies and mixed companies, where non-Omani citizens own 70% or less of their capital, tax rates are to be determined as follows:
-The first RO 30,000 shall be exempted
-The first RO 30,000 shall be exempted

 

Other companies (other than the companies mentioned above), rates are determined according to the following:

Taxable amounts Rate
Up to RO 5000 Exempted
5000 – 18000 5%
18000 – 35000 10%
35000 – 55000 15%
55000 – 75000 20%
75000 – 100000 25%
More than RO 100000 More than RO 100000
  To encourage exportation, a unit was established to ensure and finance financing, by a decision of the Development Board in 1989 and started its operation in November 1991; it aims to stimulate the development of Omani non-oil exports through
Provide insurance coverage on the proceeds of the Omani exporters against the following risks:
* Commercial risks
* Political risks
  Provide support for the interest rate on loans granted by commercial banks to Omani exporters, for a period of not more than 180 days after the completion of the shipment and at a concession interest rate of 7% Provide support for the final interest rate of national exports, which contain the added value of not less than 40% for exports to the GCC countries and 25% for exports to other countries
  Currently, industrial land planned for industrial investors are being provided and being equipped with the necessary services and facilities, required for construction of projects, and there are plants ready module of varying sizes leased for 25 years, and the lessee has the right to extend for another 25 years. The range of services in the areas of industrial services include roads, water, electricity, gas, and telecommunication and facilities for solid waste collection and disposal. The State collects petty sums in rent on land and prefabricated buildings
  in industrial areas, which are as follows:
a. The value of annual rent of land is 250 BISA/ m2
b. The value of annual rent of prefabricated buildings is 2-4 riyals/ m2


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Chamber Annual Report 2011
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Annual Report
Doing Business in Oman
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Omani Products Catalogue
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