The question is, why start a business in Oman? The country is known for its oil but is not generally considered a business hub. The government and other local stakeholders encourage new businesses, and the government has supported the acquisition of land for manufacturing plants. As an entrepreneur, you will be able to benefit from the country’s free trade zones, which offer tax exemptions and restrictions on capital transfers.
To start your business in Oman, you’ll need to invest 20,000 OMR. You can also register your business as a holding company, which is a business that holds the majority of the stock in another company. As of January 2020, foreign citizens are allowed to own 100% of many industries in the Sultanate. You can also use a holding company to generate passive income. Once registered, you’ll have a physical location for your company.
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