Oman is a gateway to business and investment opportunities for people all over the world. It has one of the most open economies in the world, which gives different types of business structures a lot of options.
To make the area more attractive to investors, it has a number of “Free Zones.” The Sohar Free Zone is one of these free zones. If you are an investor and want to start a business in the Sohar freezone, this article will walk you through the most important things you need to know before you take the first step.
Investment Opportunities in the Sohar Free Zone
The Sohar Free Zone has many business opportunities for many different types of businesses. These are the main industries:
The above industries are some of the most important ones in the Sohar Free Zone. There are many benefits for investors in the area as well. Let’s take a quick look.
Benefits of Setting Up a Company in the Sohar Free Zone
Like registering a business anywhere in Oman, registering a business in the Zohar Free Zone has its benefits.
So, you should now understand why the Sohar Free Zone in Oman is so important. You need to know about licenses and permits to move on to the next level.
Sohar Free Zone License in Oman
These have to do with the type of business and activities that will take place in the Sohar free zone in Oman. Let’s check them out.
Types of Licenses Provided in Sohar
Sohar Free Zone License in Permits
Given below is the list of permits issued by Sohar free zone to setup business in Oman.
Now, let’s talk about how to set up a business.
Sohar Free Zone Company Formation Process
To become an Oman free zone company, you have to follow certain steps. Let’s look at how a company is made in the Sohar Free Zone:
The first thing you need to do is send in the application form for forming a company. Fill out a Plot Application Form (PDF) and send it in.
After the application has been sent in, some basic documents must be sent in to finish the registration process. The different documents you need to show are listed below.
- Documents Required to Set Up a Company in the Sohar Free Zone
- Filed and signed investor’s form by the shareholders
- Copy of Shareholder’s Passport
If the shareholder lives outside of Oman, they must submit the following documents:
- Commercial Registration of the Company
- Board Resolution of the Free Zone Company
- Articles and Memorandum of Association
The Ministry of Environment and Climate Affairs (MECA) needs to send a No-Objection Letter, which says that there are no problems with starting the project.
This will be done to the owners and people who started the FZ Company. A background check, information about past projects, and information about clients will be looked into.
After the above steps are done, the last step is for the Sohar Free Trade Zone Authority and the new Free Zone Company to sign an agreement.
As part of the process of finishing, the following will be given:
- Commercial Registration Certificate
- Affiliation Certificate to the Oman Chamber of Commerce and Industry
- PO Box No. for one year
All of Oman’s free zones have some good things about them. Sohar FZ is similar to Al-Mazunah FZ in that it gives investors the tools they need to start their businesses smoothly.
What can you get from the Sohar Free Zone?
Investors in Oman’s Sohar free zone have access to a number of services.
So, the free zone has a lot of ways to invest and a lot of benefits to draw in foreign investors. Now, forming a company is much easier if you have a guide who knows the local laws. Oman Business Support Services wants to help business investors and entrepreneurs make their business dreams come true by giving them the best business incorporation services. Get in touch with us today to find out more; we’d be happy to help.
