Located in South-West of Oman in Dhofar region, this free zone covers an area of about 4,500,000 sq.m. This free zone in Oman has managed to attract expats in millions, especially those desiring to establish their business in Oman. In 1999 was established this free zone and until now has witnessed tremendous development in the business establishment count. Business investors, those dealing with light industry, trading, etc. are attracted to this region. Through this article, you can get a clear idea about the region and what it has to offer. Oman Sultanate plans to promote the country as an amazing investment platform. The objective is to attract worldwide business investors to come here. To achieve this objective, the government has been taking several vital steps. The government’s efforts are bearing fruits as investors in huge numbers are increasing at a rapid pace. Given below are the diverse investment avenues available in this region, besides the benefits that comes with each region.
AL-MAZUNAH INVESTMENT OPPORTUNITIES
The following businesses are offered investment opportunities by Al-Mazunah Free Zone:
Commercial Sector: It includes trading and storing of goods, spare parts, cars, machine equipments, fruits and vegetables.
Light Industrial Sector: Plastic, Foodstuff, Clothes, Wood
Assistance Service Sector: Distribution & Clearing, Transport, Translation Office, Restaurants, Fax, Printing, etc.
If you are a businessman or an investor planning for business expansion in similar industry, then Al Mazunah Free Zone can be the perfect choice.
WHAT BENEFITS TO BE ENJOYED WITH SETTING UP OF BUSINESS IN AL MAZUNAH FREE ZONE?
The benefits that can be derived are given below:
- Excellent communication network
- Approximately, 30 years Initial Tax-Free Zones
- 100 percent Foreign Ownership
- Minimum capital not required
- Yemeni Nationals permitted to work here without applying for work permits or visas
- Personal Income Tax not levied
Now, let’s move ahead to initiating setting up your company process in Al-Mazunah.