WHY OMAN
Robust Evolving
ECONOMY
Oman boasts a rapidly diversifying economy with promising growth prospects that extend from local to global markets. To further enhance this diversification, the government is committed to developing key sectors.
logistics
Manufacturing
Fisheries
Mining
Renewable Energy
Agriculture
Circular Economy
Education
Information Technology
Healthcare
Tourism
Sport
Petrochemical
Business Friendly
ECONOMY
Oman has a rapidly diversifying economy with growth prospects that span local to global markets. To enhance this diversification, the government is focused on developing key sectors.
Foreign Ownership
100% nationwide
Business Set-up
Quick hassle-free business set-up
Income Tax
No personal income tax
Signatory
Signatory to WTO, GCC common market, GAFTA, FTAs with USA, Singapore, Iceland, Norway, Switzerland and Lichtenstein
S&P Global Rating BB
S&P Global Rating BB- with stable outlook
Custom Exemptions
Imports of plant machinery and raw materials are exempt from customs duties for five years from the start of production
Capital & Profit Repatriation
Transfers of capital, profits, money, or dividends are not subject to any restrictions
Political and Economic Stability
We are proud with Oman's government transparency, sound economy, and peaceful politics
Legal Clarity
An climate with laws that are supportive of investors
International Success
A strong track record of supporting Omani companies to compete in the increasingly difficult global market. Omani goods and services are very popular abroad and are offered in more than 130 nations through its embassies and consulates
Strategic Location
Oman is at the nexus of trade routes and at the heart of the GCC market with its 59mn consumers. Plus we neighbour the growing markets of Asia and Africa. By 2025, emerging markets will account for US$30tr of consumer spend – nearly half the global total. Thanks to our location and world-class infrastructure, reaching these markets from Oman is easy.
Cost of Doing
BUSINESS
The World Bank ranks Oman as one of the most cost-effective countries in the Middle East for conducting business, considering factors such as labor, utilities, facilities, transportation, financing costs, and taxes.
01
02
03
04
Intellectual Capital
Oman is rich in intellectual capital. Our higher education institutions have a proven track record of collaborating with industry to drive innovation across key sectors, including manufacturing, fisheries, tourism, logistics, mining, renewable energy, healthcare, petrochemicals, education, and ICT.
Seamless
CONNECTIVITY
Leveraging Oman’s strategic location is made possible by our award-winning infrastructure, designed to maximize its potential.
Framework for
SUCCESS
Our industrial estates, free zones, special economic zones, and technology parks provide a robust framework that fosters successful investment and business in Oman. These thriving, future-ready hubs are dedicated to enterprise and innovation.
01
02
03
04
05
06
Natural Resources
Oman’s abundant natural resources—such as oil, gas, minerals, metals, and seafood—provide producers with a reliable supply of raw materials. Our strategic location and efficient logistics network ensure a dependable source for any additional imported resources, while import exemptions on production inputs and machinery help keep costs low.
Top
TALENT
Oman boasts an exceptional talent pool of motivated, skilled, and multilingual individuals who are both innovative and entrepreneurial. To ensure that Oman has a qualified, capable, and productive workforce equipped with the in-demand skills needed by our ambitious companies in both domestic and international markets, the National Training Fund plays a vital role. Additionally, companies in Oman benefit from the contributions of talent from around the world.
129,000+
30,000+
80%
2
25%
Economic and financial plans
Oman Vision 2040 aims to achieve financial sustainability by aligning financial policies with the needs of economic growth through a comprehensive set of economic and financial plans. This approach ensures that the government retains its capacity to fulfill the vision’s economic and social objectives while promoting private sector development, attracting investments, and fostering talent.
Enviable
LIFESTYLE
Oman is an exceptional place to establish a home, raise a family, grow a business, and advance your career.
Safe
tranquil and welcoming
Politically
Stable
First class
Schools, colleges and universities
Excellent
Healthcare
Outstanding
Real estate options
Rich
Heritage and culture
Exceptional
Natural beauty
Diverse entertainment
Sport and leisure options
Five UNESCO
World Heritage sites
Oman Business Platform
The Oman Business Platform is a flagship portal designed to streamline business establishment in the country. Developed in collaboration with various government departments, it embodies international best practices to enhance the national business environment. This comprehensive online service serves as a single point of contact for the business community, facilitating everything from company formation to license acquisition and annual report submissions.
Aligned with the government’s e-Transformation strategy, the platform allows businesses to register, request licenses from ten government entities, and authorize over 1,500 economic activities in just minutes. Since its launch, more than 286,000 licenses have been issued, including 38,000 to foreign investors, highlighting its effectiveness in promoting a vibrant business ecosystem.