Ease of Doing Business in Oman

Ease of Doing Business in Oman

The Sultanate of Oman is part of the Gulf Co-operation Council (GCC) and is considered one of the most important logistics centres in the region. Oman has achieved a stable balance between remaining true to its roots and being a globalized country. It has been focusing on driving economic growth and is now considered a high-income economy by The World Bank.

The Sultanate of Oman is working towards formulating policies that would not only decrease the dependency of the economy on the export of oil but will also secure FDI from foreign investors. Let’s see some of the reasons that make Oman lucrative for setting up a company in Oman.

Reasons to Starting a Business in Oman 

World Bank issued its annual Doing Business report for 2019, in which the Sultanate was ranked 78 in the Ease of Doing Business globally. The International Monetary Fund (IMF) also has stated Oman has become the fastest-growing economy in the GCC region, and the sultanate’s real GDP has seen a growth of 1.2% in 2023, according to the IMF (International Monetary Fund). Some of the key features that make Oman a very beneficial option for setting up a company are highlighted below:

1. Strategically Located

Oman also holds the status of a marine country and, due to its tactical location, controls one of the most important naval trade routes in the world, the trade route between the Arabian Gulf and the Indian Ocean.  The location makes Oman the confluence of the African and Asian continents, which leads to various financial and business opportunities.

2. Availability of Numerous Amenities

A strong infrastructure, commercial connectivity, and security are some of the steps taken by the Ministry of Foreign Affairs and Commerce, which encourages entrepreneurs to seize investment opportunities and contribute to the development of the economy.

3. A Developing Economy

The economy of Oman has grown by leaps and bounds over the years. The Sultanate has made huge social and economic improvements and has seen achievements such as multi-lane highways, equipped hospitals, state-of-the-art schools, universities, etc. Oman is also looking to leverage its position as a beautiful country with a rich cultural heritage and focus on tourism.

4. Revenue Generation from Non-Oil Products

Although the discovery of oil was very crucial to Oman’s economy in the initial phase, it is focusing more on diversifying the economy, and investments in the foreign sector and starting a business in Oman are encouraged. The non-oil revenue was at an all-time high of 2,953.424 OMR mn in 2021.

5. A Step towards the Growth of Oman (Vision 2040)

Oman’s vision 2040 strategy aims to develop multiple sectors like infrastructure, tourism, technology, hotel, transport, manufacturing, and mining industries. This initiative forecasts an increase of 31 billion riyals by 2040.

6. Ongoing Projects of Oman

For the prosperity of the economy, Oman has many projects which are ongoing or in the pipeline in different sectors. Some of the projects that are nearing completion are the Salalah LPG Project, Mina Sultan Qaboos Waterfront, etc.

7. Easy Tax Rates

The company have to pay 15% of corporate tax for company registration in Oman. There is no income tax or individual tax. You could also avail of our tax services in Oman for good savings amount and smooth operation of the business.

The benefits of company registration in Oman are very transparent. The government’s incentive measures provide a developing future vision for Oman. Therefore, it is said that starting a business in Oman will fetch you advantages and boost the Omani economy.

If you are planning to register a company in Oman, Business Setup Worldwide is all set to assist you in your business journey. We have experienced business consultants who will cater to your business requirements accordingly. Contact us for any more information, and we’ll be glad to help you.  


1. How many one-person companies were established in Oman?

Over 5000.

2. Which are the thriving business industries in Oman?

Oil and Gas Industry
Logistics and Transportation Industry
Digital Service
Mining and Mineral Industry

3. Can foreigners do business in Oman?


4. What are the government initiatives in Oman for business?

Vision 2040
Oman Business Forum (OBF)
Export of Non-Oil Products

Get your company incorporated in popular business locations @ best prices*

Seychelles Price BVI Price IFZA Price SRTIP Price

*Prices valid till