Setting up a Salalah Free Zone Company

Oman has been one of the favorable options for business investors in due course of time. Oman turns out to be a flexible option as it offers multiple free trade locations termed ‘Free Zones’ targeting different industries. One such free zone stands out to be the Salalah Free Zone.

Starting a Salalah free zone company needs a deeper understanding of the free zone and what it offers. Let us look into it.

Key Investment Sectors in Salalah Free Zone

Designed specifically, the Salalah Free Zone focuses on the following sectors:

• Chemical and Material Processing
• Manufacturing and Assembly
• Logistics and Distribution

Benefits of Setting up a Company in Salalah Free Zone - Oman

Moving ahead, let’s look at the benefits an investor can avail by setting up a business in Salalah Free Zone - Oman.

• Tax exemption for at least 30 years
• 100 percent foreign ownership
• It is under expansion for both cargo and direct destination links
• Investment of US$15 billion is expected to be met by 2028
• Cost-competitive Market Research along with labor, utilities, and infrastructure
• Offers a large number of Free Trade Agreements (FTA)

By now, you must have an idea as to why this location is the investor’s choice. Now, as an investor, you should be aware of the zone's different permits and licenses.

Licenses and Permits Issued in Salahah Free Zone

To carry out business activities, Salahah free zone (SFZ) offers the following licenses for investors.

1. General Trading License

The license holder can import, export, distribute, and store the items as per the set regulations of the Free Zone Authority.

2. Trading License

The holder of the trading license has got the flexibility to carry out import, export, and distribution, as well as can store items that have been mentioned in the license

3. Industrial License

Allows the holder to set up industries, import raw materials, carry on the manufacturing and assembling process, and export them to various nations

4. Service License

This license gives the privilege to the license holder to carry out specific services within the Free Zone. It should be granted by the parent company, and the respective government departments should issue the license. 

Documents Required to Setup a Company in Salalah Free Zone

In the process of business establishment, certain essentials are to be provided. Below are a few documents you need to keep ready before proceeding with the establishment process.

• Summary of the business to be conducted
• The application form must be filled out with all the personal and professional details.
• Passport of the Shareholders
• Memorandum of Articles (MOA)
• Certificate of Registration
• Bank accounts of at least 6 months
• Appointment letter of an auditor
• Auditor’s letter of acceptance

Once you have all the essentials, you are set to proceed with the company registration process.

How to Set Up a Salalah Free Zone Company?

In order to start a business in SFZ, certain processes are to be followed:

1. Submission of Company Essentials

All the necessary documents stated above need to be submitted to initiate the process to the next level

2. Obtain No Objection Letter

In the next move, you need to obtain a No Objection Letter from the Salalah Free Zone Authority, which states that they have no objection to setting up your business in their free zone premise

3. Company Due Diligence

The third step is to get the due diligence of the company performed to avoid any kind of offense

4. Plot Selection

Once done, the required plot size needs to be selected

5. Fee Payment

Once selected, you need to move to the next level of fee payment for the premise

6. Licenses and Permits to be Obtained

After payment, the special licenses and permits are to be obtained from the respective authorities so as to carry out the business activities

7. Collect the Certificate of Registration

After obtaining the required licenses and permits, the Certificate of Registration needs to be collected from the registrar’s Office.

Now, let’s have a look at the facilities that the Salalah Free Zone offers.

Facilities Provided by Salalah Free Zone

The Salahah free zone stands tall with business-centric ideas and are designed accordingly.

• Office space for lease
• Construction facilities
• Warehouse of different sizes
• Good connectivity

The availability of such free zones attracts millions of investors and provides a platform to initiate their business roots. Tax exemption adds another layer to it, making business establishment much easier. 

If you are planning to establish your business in Salalah Free Zone in Oman, do contact us-we’d be glad to assist you.