Investment Benifits

To attract foreign investments, the Sultanate of Oman offers a package of exemptions and incentives specific to Al Mazunah as follows : Exempting the profits from the income tax for 30 years, without the need to submit the income returns. Providing, circulating and transferring the foreign currencies and entering of capitals with easiness. Exemption from the Commercial Agency Law. Exemption from customs duties. Importing all goods allowed to be put into circulation in the Country. Exemption from the condition of the minimum investment and giving the freedom to use currencies. 100% ownership of the capital. Allowing the Yemeni manpower to work without visas. Decreasing the rate of hiring Omani manpower to 10% instead of 30%. Approving the Yemeni customs statements concerning the goods imported from Yemen. Issuing the certificates of origin. Granting the factories of the free zone a national certificate of origin. Facilitating the process of granting residences and visas for non-Omani investors. Allowing the establishment of a representative office inside the Omani customs zone. The location of the project, near to Yemen (4 Km from the Yemeni borders), constitutes a fundamental characteristic, in view of the population in Yemen (28 million persons) and the huge capitals therein, in addition to the easy movement between the two countries and from these countries to the other countries in the world, by land, sea and air.