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Driven by diversification, modernizing, and investor-oriented reforms, Oman’s economy is fundamentally changing under the direction of Vision 2040. For investors and business owners, these developments affect entirely the atmosphere for doing business, not only providing expected economic projections. Oman is building the foundation for long-term financial sustainability, from revised laws and digital procedures to incentives […]
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 […]