"Gulf gateway or transship to Yemen
and East Africa"
Al Muzunah Free Zone, established on 24.11.1999, is the first of its kind in Oman, aiming to attract investors in trading, light industry, and assistant services sectors. It covers 14.5 sq km in the Dhofar region in the South West of Oman. It operates under the laws of free zones outlined in Royal Decree No. 56/2002.
- Exemption of profits from income tax for 30 years without the need to provide income declaration
- Flexibility in the transaction process for remittance and dealing of foreign exchange
- Exemption from the law of commercial agencies
- Exemption from customs duties
- Permission to import all eligible goods into the Sultanate of Oman
- Exemption from the requirement of a minim um investment in addition to a wide freedom to use foreign currencies
- Possibility of 100% ownership of the invested project’s capital
- Omanisation percentage for the operating company stands at 20%
- Issuance of certificates of origin (free zone products) or (foreign origin)
- Grant the factories operating in the free zone a national certificate of origin
- Facilitate residence visas for non-Omani investors
- Availability of Omani and Yemeni products at affordable prices through a single common market
- Allow the establishment of a representative office within the customs territory of Oman
Location
SetupOman Team
Office No. 505, Building No. 1532, Road No. 3519, Block No. 235, Al-Khuwair, Muscat, Sultanate of Oman
Follow on:
© Accord Consulting FZC 2024. All rights reserved.