Other additional clearances may also be required from relevant authoritiesdepending on the specific nature of the business.
The Sultanate encourages foreign capital that will enhance the overall development of the country.
Investment incentives include provision of plots for nominal lease charges in specified areas and reduced utility charges and exemption from taxes.
Under Land Law companies and foreign nationals may own land in special designated tourism complexes.
Companies conducting business through special contracts or agreements with the government are allowed to establish a branch in Oman.
There are six industrial estates in Oman managed by the Public Establishment for Industrial Estates.
In Oman the following types of entities can be formed:
Oman is a free economy and does not restrict the remittance abroad of equity, debt, capital, interest, dividends, profits and personal savings.
Companies are taxed at a single rate of 12 % of the taxable income exceeding RO 30,000 irrespective of the percentage of foreign ownership.
The Rates of Services are the following ones:
The minimum wages payable to Omanis is RO 180 (about US $ 470) per month including house and transport allowances.