Situated at the crossroads of three continents, Oman offers unique opportunities for investment and business. Favorable economic conditions, strategic geographic location, and government support make Oman attractive to foreign entrepreneurs. In this article, we will look at why you should choose Oman for investment and business.
Geographical location
Strategic location
Situated at the crossroads of Asia, Africa and Europe, Oman has a strategic geographical location, making it an important trading hub. The country provides easy access to major international trade routes, making it easy to export and import goods. Given the international environment, it is a major advantage that Oman’s ports are located directly on the Indian Ocean coast and are not dependent on the Straits of Hormuz and Bab el-Mandab.
Access to international markets
Oman’s deep-water ports, such as Sohar, Duqm and Salalah, provide easy access to international trade routes. The new Muscat International Airport facilitates air travel and simplifies logistics. This allows companies to efficiently carry out international and domestic transportation, as well as to enter new markets.
Economic benefits
Rich natural resources
Oman has vast reserves of oil, natural gas and minerals. This makes the country attractive for investment in the extractive industries. In addition, the government is actively investing in the development of alternative energy sources such as solar and wind energy. This opens up new opportunities for investors in the field of green energy and sustainable development.
Investment incentives
Free Trade Zones (FTZ)
Oman offers significant tax incentives for companies registered in its Free Trade Zones. In the FTZs, companies are granted full tax holidays on corporate income, 100% foreign ownership, exemption from customs duties and simplified registration procedures. These zones create an ideal environment for companies involved in manufacturing, logistics and international trade. Examples of successful FTZs include Duqm, which is known for its industrial and logistics capabilities.
Social and living conditions
High standard of living
Oman offers a high standard of living with modern medical and educational services. The country has international schools and universities, making it an attractive place to live for foreign professionals and their families. High-quality medical care is available in leading hospitals and clinics.
Moderate cost of living
The absence of income tax and affordable prices for housing and services make life in Oman attractive to foreign professionals. The cost of living here is lower than in most developed countries, which helps reduce expenses. A well-developed public transport system and affordable prices for food and household goods contribute to a comfortable life.
Excellent conditions for recreation and living
Oman is famous for its picturesque landscapes, including deserts, mountains and beaches. Year-round sunshine and a favorable climate create excellent conditions for recreation. Popular tourist destinations include Wadi Shab, the Jabal Akhdar Mountains and the Sur Beaches. This makes the country attractive for both tourists and permanent residents.
Legal and regulatory framework
Protection of investors' rights
The government actively supports investment and entrepreneurship, offering a transparent and predictable environment for doing business. Oman's laws and regulations are regularly updated to meet international standards, making the country attractive to foreign investors.
For more information and to arrange a consultation, contact Gates of Arabia, who will assist you at all stages of starting and running a business in Oman.
For more information and to arrange a consultation, contact Gates of Arabia, who will assist you at all stages of starting and running a business in Oman.