Business Setup in Salalah Free Trade Zone

Salalah Free Trade Zone have arranged adjoining the Salalah Port and conceivably the main modern centers in Dhofar.

 Arranged adjacent to the Salalah Port and conceivably the major latest centermost credibility in Dhofar, Salalah automated business area is Oman’s second city that offers bloodthirsty assignment, and setup expenses assorted with altered areas for,  pull in banking backers in handling materials and compounds, gathering, assembling and areas of coordination. Also, it added with US$3.5 billion of recent speculation, they created the weightful mechanical process. And the main light focussed to East-West exchange areas. Likewise the light business areas of the Indian subcontinent, East Africa, and the added all-encompassing Middle East. 

Salalah Free Trade Zone has additionally fabricated a budgetary bounded breadth to interface banking backers with the investors of business, and to advise them for organization setup or fulfill their business needs. 

Advantages of Setting Up a Company in Salalah Free Trade Zone

• 100% repatriation of business profits and incomes
• INcome tax exemption is available up to 30%
• Full foreign ownership is permitted
• No requirement for minimum capital to start a company (located in this free zone ) 
• Relaxed Omanization tax rates that are applicable to these companies
• No tax – applicable on personal incomes of businessman
• Zero customs duties are levied on exports and imports

Types of Licenses in Salalah 

Salalah streamlined commerce zone gave  different sorts of licenses: 

1. General Trading License 

It should be utilized for import, fare, appropriation, and putting away of the multitude of items according to the free zone rules and guidelines. 

2. Exchanging License 

It permits the holder to import, trade, disperse and store things indicated on the permit. 

3. Modern License 

It permits the holder to import crude materials, do the assembling of indicated items, and fare the completed item to any country. This permit is dependent upon clearances from the individual services. 

4. Administration License 

This license allows the holder to fulfill the administrations mentioned in the permit and inside the Free Zone. The kind of administration should adjust to the parent organization’s permit and given by the financial division or district of the significant locale. 

How to Start a Salalah Free Zone Company? 

Like Sohar free zone, the public authority has additionally presented a One-Stop-Shop (OSS) in the Salalah Free Zone. Similarly, it involves online organization enrollment which takes around 3 days, keeping a beginning store in the bank, enlisting with the Ministry of Commerce and Industry (MOCI), and all of the mandatory strategies which are done at the same time makes the OSS quick and effective. The cycle to enroll your organization in Oman is as per the following: 

1. Submit application form(completely filled) with mandatory documents.
2. No Objection Letter is mandatory for submission.
3. Perform due diligence of the company
4. Approve selection of plot
5. Payment of necessary fees
6. Get a license from the MCI (Ministry of Commerce and Industry)
7. Acquire other necessary permits from the OCCI (Oman Chamber of Commerce and Industry)
8. Obtain certificate of registration from Salalah free zone authority 

Required Documents to Set Up a Business in Salalah Free Trade Zones

• Obtain a brief summary/description of the business( which you are going to conduct in the free zone)
• Obtain application form (filled with all the personal and professional details)
• Passport copy of Owner/Manager
• Memorandum and Articles of Association (MAA)
• Certificate of Registration
• Last 6 months Bank account statement (if applicable)
• Obtain Appointment letter for local audit, and auditors’ acceptance of the same

Note that every one of the archives should be authenticated and confirmed by the Ministry of Foreign Affairs and the Sultanate of Oman Embassy. 

Facilities Available at the Salalah Free Zone 

• Inhabitants can access office space on rent
• Business hatcheries are accessible at the central command and will help new companies to be operational and center around development and advancement of the business 
• The overhauled land is accessible for long haul leases at serious rates should be utilized for the development of offices, and also stockrooms of various sizes are accessible for lease 
• Streets is consistently being created and kept up to guarantee all plots in the free zone are offered the necessary availability 

Company Setup Worldwide is a stage to assist with beginning your business in Oman. Our guides in Oman are knowledgeable with every one of the principles, guidelines, and strategies to frame an organization and will make the interaction bother free. Therefore, We have extensive involvement with the field and the will to guarantee that you get your accreditation as fast as could really be expected. Reach us to find out about the Salalah Free Zone in Oman.