Company Registration in Sohar Freezone
Sohar Freezone is a strategic gateway to the Middle East, North Africa, and Asia, and is one of the fastest-growing free zones in the world. It offers a wide range of benefits for businesses of all sizes, including:
- 100% foreign ownership
- 10-year exemption from corporate tax
- No customs duty
- No restrictions on sales within the GCC
- Minimum Omanization levels of 15%
- Single-window licensing procedure
- Easy access to world-class infrastructure and facilities
Why Set Up a Business in Sohar Freezone?
There are many reasons to set up a business in Sohar Freezone. Some of the key benefits include:
- Strategic location: Sohar Freezone is strategically located at the crossroads of major trade routes, making it an ideal base for businesses to reach new markets.
- Business-friendly environment: Sohar Freezone offers a business-friendly environment with a wide range of incentives and support services to help businesses succeed.
- World-class infrastructure and facilities: Sohar Freezone is equipped with world-class infrastructure and facilities, including a deep-sea port, airport, and logistics hub.
- Access to a growing market: Sohar Freezone provides access to a growing market in the Middle East, North Africa, and Asia.
How to Set Up a Company in Sohar Freezone
Setting up a business in Sohar Freezone is a relatively straightforward process. The following are the key steps involved:
- Choose a business activity: The first step is to choose a business activity that is permitted in Sohar Freezone.
- Apply for a business license: Once you have chosen a business activity, you need to apply for a business license. The application process can be completed through NextaOne as a registered business setup advisor.
- Submit the required documentation: You will need to submit a number of documents as part of the business license application process. These documents include:
- Company registration form
- Copies of shareholders’ passports
- Business plan
- Financial projections
- Receive Approval: Upon approval of your application, you will receive a business license and other necessary permits.
- Open a corporate bank account: You will need to open a corporate bank account in Oman in order to operate your business. A number of banks offer corporate banking services to Sohar Freezone companies.
- Start Operations: Now that you have your business license, you can commence your operations in Sohar Freezone.
Once you have completed all of the above steps, you will be able to start operating your business in Sohar Freezone.
NextaOne Services for Businesses in Sohar Freezone
NextaOne offers a wide range of support services to help businesses succeed. These services include:
- Business registration and licensing assistance: NextaOne can help you with the business registration and licensing process.
- Company formation assistance: NextaOne can help you form your company in Oman.
- Office space and warehousing facilities: NextaOne offers a range of office space and warehousing facilities to suit the needs of businesses of all sizes.
- Visa and immigration assistance: NextaOne can help you to obtain visas and work permits for your employees.
- Banking and financial services: NextaOne offers a range of banking and financial assistance to businesses.