16/05/2023
Attention all business owners and investors! Have you been considering expanding your business or setting up a new venture? Look no further than Oman! With a booming economy and a strategic location in the Middle East, Oman provides multiple benefits to global business investors. The region has liberalized its markets, opening up new business opportunities for business owners and investors from various industries, such as tourism, hospitality, construction, manufacturing, education, food processing, and logistics.
Oman's high population of about 6.5 million provides a wide talent pool for business entities to hire talented professionals easily who can contribute their best to leverage the maximum benefit of the company. The nation has also got a strong point when it comes to the Research and Development (R&D) domain. Additionally, the region holds accessibility to neighbouring countries, such as Saudi Arabia, UAE, Qatar, Bahrain, etc., making it profitable for business investors to expand their business in the neighbouring locations.
With a robust infrastructure, Oman ranks as one of the fastest developing countries, allowing business entities to carry out operations with ease. The nation holds a firm ground when it comes to different mediums, including road, sea, and airports. Oman has also implemented over 35 Double Taxation Agreements (DTAs), meaning business owners and investors can carry out business transactions with more than thirty-five nations without paying import-export charges.
Furthermore, Oman is a business-friendly region with a massive implementation of the strategic business process, making it an attractive location for investors to set up their businesses. The absence of personal tax is also a massive plus for business professionals. However, being a part of the GCC region, Oman has accepted to implement the VAT services by the start of 2021.
Are you interested in setting up your business in Oman? Let us help you navigate the legal proceedings with ease. By outsourcing the incorporation services, you can set yourself free of unwanted tension and focus on building business strategies. Parallelly, the available time and resources get utilized most profitably.
