Situated in the Dhofar region, in the South-West of Oman, covering an area of 4,500,000 sqm, Al-Mazunah turns out to be one of the free zones of Oman that attracts millions of expats who wants to set up a business in Oman . This FZ was commenced in the year 1999, and till today it has seen tremendous growth in its business establishment count. The region attracts business investors who deal with trading, light industry etc. This article will give you a clear idea of what the region is all about. The Sultanate of Oman aims to build Oman as an investment platform by attracting more business investors worldwide and is taking necessary steps to meet its goal.As stated, the number of investors has been drastically increasing, let’s start with the different investment grounds in this region followed by the benefits that the region provides.
Investment Opportunities in Al-Mazunah
Al-Mazunah provides investment opportunities to the following businesses:
- Commercial Sector: includes storing and trading of goods, cars, spare parts, fruits & vegetables, machine equipment
- Light Industrial Sector: Foodstuff, Plastic, Clothes, Wood
- Assistance Service Sector: Transport, Distribution and Clearing, Restaurants, Translation Office, Printing, Fax etc.
If you are an investor or businessman looking for expansion of your business in the same industry, you can opt for Al-Mazunah Free Zone.
Benefits of Setting Up a Company in Al-Mazunah
Some of the benefits that you will be able to avail by setting up a company in Al-Mazunah Zone are:
- A well-built communication network
- 100% Foreign Ownership
- Initial Tax-Free Zones for around 30 years
- No minimum capital requirement
- No Personal Income Tax
- Yemeni nationals are permitted to work without visas or work permits
Now, let’s head towards the company setup process in Al-Mazunah.
How to Set Up a Company in Al-Mazunah?
In order to start a company in Al-Mazunah, you need to abide by the following footprints:
The very first step is you need to submit an online application regarding company incorporation. All the necessary details can be fetched from Al-Mazunah Free Zone website. Once submitted, the officials will review the same.
2.Register at Chamber of Commerce
After review, your next move is to get the business entity registered at the Chamber of Commerce in Al-Mazunah.
3.Register at Municipality
Once registered with COC, next you need to get the entity registered at the Municipality and obtain the Certificate. Now, in order to obtain so, certain essentials are to be provided. Let’s have a look at the important essentials.
Documents Required to Set Up a Company in Al-Mazunah
- Detailed Business Plan
- Letter of Intent
- Company Profile
- Company’s Financial Report
- Company Registration Document
- Tenancy Agreement for Lease of Plot
- Industrial and Environmental Approval
- Chamber of Commerce Membership Certification
- Industry Production Sketch
Let’s have a look at the benefits offered by this Free Zone.
Facilities Provided By Al-Mazunah
Al-Mazunah offers the following facilities for easy business operations:
- Commercial Mall
- Administrative Centers
- Multi-purpose Areas
- Green Parking Zones etc.
Thus, you can see that the platform provides multiple facilities to attract foreign investors. The setting up process becomes easier if you have a helping hand. Xcellence is here to help grow your business. We are a team of experts who aim to serve and help business investors in company incorporation process, along with other services like accounting, legal, tax, visa etc. If you are planning to set up your business in Al-Mazunah, do contact us today-we’d be glad to assist you.