Al Mazunah Free Zone
The Sultanate of Oman aims to attract entrepreneurs from across the world. The establishment of free zones in Oman with business-friendly regulations plays an important role in boosting the country’s economy.
One such free zone in Oman where you can set up a business is Al Mazunah. If you wish for company formation in the free zone, read this article to learn the details.
Facilities Provided in Al Mazunah FZ
Facilities specific to the Al Mazunah free zone are commercial spaces, warehouses, administrative centres, green parking zones, and multi-purpose areas.
Process of Setting up a Company in Al Mazunah Free Zone in Oman
The steps which must be followed for company formation in Al Mazunah are mentioned below:
Step 1: Finalise the business activity among manufacturing, logistics and many others which is to be conducted in the free zone.
Step 2: Select the appropriate company structure based on the business activity. You can choose among a limited liability company, branch office, and others.
Step 3: Visit the official website of Al Mazunah free zone and fill in the online application form.
Step 4: Prepare the necessary documents and submit them to the authorities for company registration.
Step 5: Obtain the relevant license and tenancy agreement.
Step 6: Pay the requisite fee to operate legally in the Al Mazunah free zone.
Which Documents are Required to Submit?
For company formation in Oman free zone, you have to submit specific documents. Some of them include:
- Copy of the business plan or list of proposed business activities
- Financial profile of the company
- Letter of intent
- Copy of tenancy agreement
- Copy of membership certification from Chamber of Commerce
- Copy of company registration certificate
What are the Benefits of Company Formation in Al Mazunah FZ?
For setting up a company in the free zone, you can enjoy benefits like:
- Income tax exemption for up to 30 years (No income declaration needed)
- Zero custom duty on import and export
- Availability of residence visa for non-Omani investors
- 100 percent company ownership
- Provides a national origin certificate to the free zone company (FZC)
- No restrictions on imports of goods
Avail BSW Assistance
Business Setup Worldwide, a corporate service provider, helps you start your business in Oman. Our business setup consultants can help alleviate some of the challenges associated with business setup and make the entire process seamless. Contact us to learn more about company formation across free zones in Oman.
