Duqm Special Economic Zone
Duqm special economic zone, Oman was established in 2011 with a purpose to encourage economic activity around the famous Duqm port and welcome new foreign investment in Oman.The special economic zone is spread over an area of around 2000 sq km and offers all the benefits similar to other freezones. The Special Economic Zone Authority Duqm (SEZAD), the main authority overlooking the zone administration also provides customized land area to suit the scope of the projects.
Investors looking to start a business in Duqm special zone can explore business opportunities in sectors such as industrial manufacturing, oil refinery and storage, transport and logistics, real estate development, tourism and construction services, education and healthcare services etc. However, the companies operating the freezone are mandatorily required to employ Omani citizens making up at least 10% of the total workforce.
Benefits of Company Registration in Duqm Special Economic Zone
The following are some of the benefits offered by the Duqm special economic zone:
100% foreign ownership
Tax exemption for up to 30 years post-incorporation of company with further renewal of another 30 years
No minimum capital requirements for company registration
No restrictions of foreign currency transactions
Complete repatriation of company profits to home country
Land lease agreement for up to 50 years and further renewal
Process of Opening Company in Duqm Special Economic Zone
Why Choose Gryffin Capitalist?
Although the process is explained in detail, the investors interested to set up a business Duqm special economic zone may face issues and delays when it comes to completing the paperwork and completing each step if not executed in the right manner. It is always recommended to avail the services of an experienced consultant who can assist in each step of the process.
Our team of company formation specialists at Gryffin Capitalist can help you with your incorporation process. Our years have experience assisting international clients in opening a company in Oman has streamlined our process omitting any possible delays. Contact Us to know more about company formation services in Oman free zones.
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