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Duqm Special Economic Zone Company Registration

Oman Business Setup   →  Duqm Special Economic Zone Company Registration
Duqm Special Economic Zone Company Registration

Duqm Special Economic Zone Company Registration

The Sultanate of Oman has many free zones, which is one of the things that attracts business investors from around the world to its ground. The Duqm Special Economic Zone is a place that is similar to the Sohar Free Zone and the Salalah Free Zone. This treaty will give you a clear idea of Duqm Oman and the different services it offers. You can count on Duqm SEZ if you are an investor looking for business investment opportunities in Oman that are geared toward the industrial side.

What is a Special Economic Zone?

A Special Economic Zone (SEZ) is a place inside the national borders of a country where the rules for business and trade are a little different from the rules for forming a company. The SEZ aims for a better trade balance, more investment, more jobs, and better management. Let’s learn more about the Duqm Special Economic Zone Authority and the ways you can invest in it.

Investment Opportunities in the Duqm Special Economic Zone

The Special Economic Zone Authority at Duqm (SEZAD) gives investors good chances to get their business plans off the ground. Like the other free zones, Duqm SEZ offers a lot of ways to make money, such as:

  • Refineries, oil storage, and refining
  • Petrochemical industries
  • Transport and logistics
  • Health and Therapeutic Services
  • Markets and malls
  • Mining
  • Fishery Industries
  • Real-Estate Development
  • Warehousing and Logistics Village
  • Tourist Resorts
  • Commercial offices and residential complexes

Now, before you decide whether or not to invest, let’s take a look at some of the benefits you’ll get as an investor.

Benefits of Setting Up a Company in Duqm SEZ

  • 30 years without having to pay taxes.
  • The ability to get 100% owned by a foreigner.
  • There is no minimum amount of money that needs to be invested.
  • There are no limits on currency.
  • 100% repatriation of invested and earned capital and profits.
  • The freedom for goods to move around inside the zone.
  • Visas are easy to get for expatriates.
  • Easy network connection to markets in the Gulf and around the world.
  • The Labor Department needs to be there to give out the necessary permits for foreign workers.
  • A place with stable politics where business can be done.
  • 10% must be done. The SEZAD Board sets the rate of Omaniization.
  • Freedom to open a representative office.

Before you can move on to the main steps of setting up a company, you need to know that you need to get different business licenses before you can start doing business. These licenses are given out by departments like:

  • Ministry of Commerce and Industry
  • Capital Markets Authority
  • Ministry of Health
  • Capital Markets Authority
  • Ministry of Information
  • Ministry of Education
  • Ministry of Tourism

Next, let’s look closely at what you need to do to start a business in Duqm SEZ.

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Documents Required to Setup a Company in Duqm SEZ

  • Copy of the IDs of the owner, partners, founders, etc.
  • Signature of the Signatories according to Annex 1 of the Investment Application
  • Description of the Investment Project and its needs according to Annex 2 of the Investment Application Memorandum and Articles of Association
  • If a partner is a legal person, the partner's share and the meeting minutes need to be sent in.
  • If you want to open a branch office, you need a letter from the parent company saying that the business activities will be handled by the parent company.
  • Certificate of Registration for a Business
  • Official letter from the owner of the business asking for the branch office to be registered.
  • If the applicant already has a work visa, the current sponsor must send a "No-Objection Letter."

How to Set Up a Company in Duqm SEZ

Well, there are a few steps to setting up a business in Duqm SEZ:

  • Fill out a Plot Application Form (PAF) with the necessary information and send it in.
  • Based on the commercial terms, land lease price, and contract term, a contract needs to be written.
  • The Ministry of Environment and Climate Affairs (MECA) needs to give a "No Objection Letter."
  • The main shareholders and promoters will have to go through a due diligence process.
  • Needed payments need to be made on time.
  • Once the fee is paid, the company's certificate of incorporation needs to be picked up from the Oman Chamber of Commerce and Industry.

Facilities provided by Duqm SEZ

  • Huge land—up to 2,000 square kilometers—for setting up a business.
  • There are a variety of places for businesses to do their work.
  • A logistics and marine hub

In short, we can say that Duqm is a strong pillar when it comes to Oman’s free zones. It ends up helping foreign expats in a lot of ways, which is why the Omani government has been taking the steps needed to make the free zone one of the largest and most diverse business zones in the world. If you want to open a business in Duqm SEZ, contact us today. We’d be happy to help.

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We help you in Step by Step Business Setup Process

Trade name Registration

Finalize Activity

Document Submission

Get Business Licence

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We work closely with Government Agency

Our connection with ministries and government bodies across the Oman help us obtain quick government approvals for our clients. Our consultants work closely with the Department of Economic Development (DED) and other government bodies in Oman to ensure the smooth and timely company formation

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