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Why and How to Set up a Business in Oman 2021?

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Why and How to Set up a Business in Oman 2021
  • Article, Oman

Why and How to Set up a Business in Oman 2021?

  • For centuries, Oman has been engaged in overseas trading with its marine business vessels navigating across African, European and Asian shores.

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Oman Becomes the Fourth GCC Country to Implement VAT
  • Newsletter, Oman

Oman Becomes the Fourth GCC Country to Implement VAT

  • The Value Added Tax (VAT), a consumption tax system has been enforced in Oman on Friday, the 16th April 2021 and the Sultanate has become the fourth country to join the other three GCC member states including the

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Oman VAT Executive Regulation – Important Highlights
  • Newsletter, Oman

Oman VAT Executive Regulation – Important Highlights

  • On 14th March 2021, the much-awaited Executive Regulations of Value Added Tax (VAT) was issued by the Head of Oman Tax Authority (OTA), His Excellency Saud bin Nasser Al Shukaili vide Ministerial Decision 53/2021.

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Oman Amends Foreigners’ Residence Rule by Abolishing No Objection Certificate (NOC) Requirement for Foreign Workers
  • Newsletter, Oman

Oman Amends Foreigners’ Residence Rule by Abolishing No Objection Certificate (NOC) Requirement for Foreign Workers

  • The recent amendment in Oman's labor laws can be seen as a Government effort to reduce the rights gap between expatriates and locals and this amendment of Foreigners

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Oman Introduces New Foreign Capital Investment Law (FCIL) Listing 70 Prohibited Activities
  • Article, Oman

Oman Introduces New Foreign Capital Investment Law (FCIL) Listing 70 Prohibited Activities

  • The Omanis Ministry of Commerce and Industry, (MOCI) issued the Executive Regulations of the new FCIL in June 2020 which specified provisions relating registration of the foreign investment projects including benefits available to specified projects and land allocation for

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Oman Mobilized Foreign Direct Investment Exceeding OMR 15 Billion
  • Newsletter, Oman

Oman Mobilized Foreign Direct Investment Exceeding OMR 15 Billion

  • Foreign direct investment in Oman for the first quarter of 2020 crossed OMR 15 billion, an increase of 5.9 per cent compared to the same quarter in 2019.

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India Oman to Expedite Amendments on Double Taxation Treaties And Boost Bilateral Trades And Investments
  • India, Newsletter, Oman

India Oman to Expedite Amendments on Double Taxation Treaties And Boost Bilateral Trades And Investments

  • In a bid to boost bilateral trade and investment, India and Oman during the ninth session of India -Oman joint commission meeting (JCM) reviewed the recent developments in businesses and trades and reaffirmed their commitment to expand bilateral

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Procurement of an Employment Visa in Oman
  • Article, Oman

Procurement of an Employment Visa in Oman

  • The process of gaining employment for foreign nationals in the country of Oman has been increasingly regulated as part of the Omanisation initiative. Once a foreign worker is officially employed by an Oman-based company, the employment visa process

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Technology City in Oman’s Salalah Free Zone to be constructed with Funds provided by UAE Investors
  • Newsletter, Oman

Technology City in Oman’s Salalah Free Zone to be constructed with Funds provided by UAE Investors

  • According to a recent “Oman Observer” report, a $350 million investment agreement was reached between a UAE investor and Oman’s Salalah Free Zone for the building of Technology City.

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Corporate Tax Relief for Oman Businesses impacted by COVID-19
  • Newsletter, Oman

Corporate Tax Relief for Oman Businesses impacted by COVID-19

  • As of March 31st, 2020, tax authorities are now providing tax relief for corporations that are currently doing business in Oman and have been affected by COVID-19 as well as any Government imposed precautionary measures that were put

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