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Oman’s corporate tax system has changed dramatically recently to better match world best standards and keep investment appeal. Taxes have become increasingly important for national income as the Sultanate expands its economy outside of oil. Omani businesses are subject to a progressive corporate income tax system with separate slabs set depending on income, profit, and […]
Understanding Oman’s Freezones: A Strategic Investment Haven Oman’s freezones are thoughtfully developed economic ecosystems meant to draw foreign investment, foster creativity, and boost local employment, not only physical pockets of commercial activity. Strategically placed in Duqm, Salalah, Sohar, Khazaen and Al Mazunah, these zones are geared at sectors including logistics, manufacturing, renewable energy, and maritime […]