Strategically positioned in the Persian Gulf, the Sultanate of Oman turns out to be a striking business investment destination. With Muscat as its capital, the economy of Oman has been growing significantly and has positioned itself among the fastest-growing economies among the Arabian countries. The GDP of the economy is expected to increase by 2.3% in 2018, 3.5% in 2019, and 2.9% in 2020. By this, we can see the growth in the economy. According to a source, it is projected that by the year 2040, the economy will grow by 10%.
The government of Oman has been significantly working on different measures as well as adopting different measures to establish Oman as a center of business opportunities. Business setup in Oman has various business establishment options that help international investors initiate the process. In this article, you will be able to get an idea of the various business opportunities available in Oman.
Growing Business Opportunities to Register a Company in Oman
The Omani Government will focus on the following sectors to leverage the untapped potential of the following sectors. Over 500 policies and programs have been designed accordingly to uplift these sectors and make the economy as an international business destination. The investment opportunities in Oman are available in the below-mentioned sectors:
- Transportation and Logistics
- Tourism and Travel
- Technology-Based Startups
- Event Management
- Medical Consultancy
- Health Sector
Well, now you must be wondering about the benefits will you be provided with. Well, the answer to your question lies below.
Benefits of Establishing a Business in Oman
- Access to the global market
- World-class Infrastructure facilities
- Stable Investment and Business Climate
- Availability of Educated and Bilingual Workforce
- No Personal Tax
Thus, you have seen the opportunities that lie in Oman's business in different sectors followed by the benefits derived.
In a nutshell, we can say that Oman has widespread its wings to businesses of different natures and sizes. The chances of establishing a small business in Oman have shot up in proportion to those of large business entities. If you are planning to establish a company in Oman, the best you can do is to consult a business consultant who can understand your business needs and help you with company registration in Oman.
Business Setup Worldwide will accompany you in the entire process of incorporation, settle the legal activities and help you in building your business foundation in Oman, the future business hub. We have a huge portfolio of satisfied clients all around the world. For further information or any query, do contact us. We’d be happy to assist!
Which is the most profitable business in Oman?
Oil and gas business.
What is the price to launch a business in Oman?
What is the growth in the manufacturing industry in Oman?
By 2040, manufacturing is anticipated to have increased significantly from its 10.8% GDP contribution in 2020.
What is the growth rate of the 3PL (3rd Party Logistics) sector in Oman?
The Oman 3PL market is expected to register a growth rate of over 6.5% from 2020 to 2025.