Oman overview
Basic Facts
- Sultanate of Oman
- GCC (Gulf Cooperation Council) member country
- Capital city of Muscat
- Omani rial (OMR) currency
- Attractive tax system
- Double taxation agreements with more than 30 countries
- Business friendly environment
- Advanced infrastructure
- English and Arabic speaking
Reasons for doing business in Oman
TOP 3
Tax Exemptions In Special Economic Zones And Free Zones
Main Corporation Income Tax (CIT) Rate Of 15% And 3% For Small And Medium Enterprises (SMEs)
No Personal Income Tax
More advantages
- Dividends from Omani entities are tax exempt, foreign-source dividends are taxable at CIT rate
- No payroll taxes (i.e. no income tax on employed individuals' salaries & allowances)
- No CFC rules
- No property taxes, no stamp duty taxes
- No inheritance / estate tax
- No wealth and gift tax
Company formation in Oman
Do you need to establish a company in Oman? Then to administer it?
Do you look for a reliable lawyer or accountant in Oman?
Do you want to structure your international business in a correct way?
You do not know yet what do you actually need?
Well, contact us at anytime, we are ready to help you to find the right answers and workable solution for you.
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Oman delays personal income tax (Update)
As mentioned in our previous article on 18 July 2024, Oman is set to become the first Middle East country to launch personal income tax, originally from January 2025, however…
Oman is to introduce personal income tax
Oman is set to become the first GCC (Gulf Cooperation Council) country to implement personal income tax, expected to be introduced in 2025. While analysts foresee other GCC nations eventually…
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