Business Setup in Al Mazunah Freezone

Business Setup in Al Mazunah Freezone, Oman

Al Mazunah Freezone (AMFZ) is a strategic economic zone located on the Oman-Yemen border. It is Oman’s first and only free zone that is directly connected to Yemen, offering businesses a unique opportunity to access the Yemeni market. AMFZ offers a wide range of benefits to investors, including:

• 100% foreign ownership
• 30-year tax holiday on corporate and personal income tax
• No minimum capital requirement
• No customs duties on imports and exports
• Fast-track company formation and licensing process
• Access to a large pool of skilled and affordable labor

AMFZ is ideal for businesses that are looking to expand into the Yemeni market, or to set up a base for regional trade and distribution. Some of the key industries that are well-suited for AMFZ include:

• Trading and distribution
• Manufacturing
• Logistics and warehousing
• Food processing
• Tourism

How to Set Up a Business in Al Mazunah Freezone

The process of setting up a business in AMFZ is relatively straightforward. The first step is to choose a business activity and develop a business plan. Once you have a business plan, you can submit an application to the AMFZ Authority.

The application process will require you to provide the following documents:

• A completed application form
• A copy of your passport
• A copy of your business plan
• A detailed financial plan
• A list of your proposed business activities
• A copy of your company’s registration certificate

Once your application has been approved, you will need to obtain a business license from the AMFZ Authority. You will also need to lease office or warehouse space in the free zone.

Benefits of Setting Up a Business in Al Mazunah Freezone

There are many benefits to setting up a business in Al Mazunah Freezone, including:

• 100% foreign ownership: AMFZ allows foreign investors to own 100% of their businesses. This is in contrast to Oman’s mainland, where foreign investors are typically required to have a local partner.
• 30-year tax holiday: AMFZ offers businesses a 30-year tax holiday on corporate and personal income tax. This means that businesses can keep all of their profits for the first 30 years of operation.
• No minimum capital requirement: AMFZ does not have a minimum capital requirement for businesses. This makes it easier for startups and small businesses to set up shop in the free zone.
• No customs duties on imports and exports: AMFZ is a duty-free zone, which means that businesses do not have to pay customs duties on imports and exports. This can save businesses a significant amount of money.
• Fast-track company formation and licensing process: AMFZ offers a fast-track company formation and licensing process. This means that businesses can be up and running in a matter of days.
• Access to a large pool of skilled and affordable labor: AMFZ has a large pool of skilled and affordable labor. This is due to its proximity to Yemen, which has a large population of young and educated people.