Frequently Asked Questions for Oman

A business enterprise is required to obtain commercial registration from the Ministry of Commerce & Industry, registration with the Chamber of Commerce and a license from the Muscat Municipality or other regional municipality, prior to commencing business in Oman.

Other additional clearances may also be required from relevant authoritiesdepending on the specific nature of the business.

Can a foreigner own majority shares in an Omani company?

The Sultanate encourages foreign capital that will enhance the overall development of the country.

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What are the investment incentives offered in Oman?

Investment incentives include provision of plots for nominal lease charges in specified areas and reduced utility charges and exemption from taxes.

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Are foreigners allowed to own land for commercial and residential puposes?

Under Land Law companies and foreign nationals may own land in special designated tourism complexes.

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Is a foreign company allowed to open a branch and representative office in Oman?

Companies conducting business through special contracts or agreements with the government are allowed to establish a branch in Oman.

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How many industrial estates, free zones, special economic zones are in Oman?

There are six industrial estates in Oman managed by the Public Establishment for Industrial Estates.

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What are the different structures of business entities and their main features?

In Oman the following types of entities can be formed:

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Is there any restriction on repatriation?

Oman is a free economy and does not restrict the remittance abroad of equity, debt, capital, interest, dividends, profits and personal savings.

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What are the tax rates in Oman?

Companies are taxed at a single rate of 12 % of the taxable income exceeding RO 30,000 irrespective of the percentage of foreign ownership.

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What are the Rates of Services in the industrial estates?

The Rates of Services are the following ones:

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What is the minimum wage in Oman?

The minimum wages payable to Omanis is RO 180 (about US $ 470) per month including house and transport allowances.

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