A Cost-Effective Business Hub

Oman shines as a cost-effective business destination, acknowledged by the World Bank. This cost-efficiency encompasses various facets of business, including:

• Labour: Competitive labor costs contribute to overall cost-effectiveness, making Oman an appealing choice for businesses.
• Utilities: Access to affordable utilities further enhances the conducive business environment in Oman.
• Facilities: Cost-effective facilities provide an attractive backdrop for business operations, offering economic advantages.
• Transportation: Oman boasts efficient and budget-friendly transportation options, facilitating logistics and connectivity.
• Financing Costs: Reasonable financing costs underpin financial sustainability, ensuring that businesses can thrive while managing expenses effectively.
• Taxes: Oman’s favorable tax regime enables businesses to efficiently handle their tax obligations, promoting economic efficiency.

This advantageous cost structure firmly establishes Oman as an enticing option for businesses seeking an economically efficient environment to operate and prosper in the Middle East.

Key Tax Rates in Oman:

• Corporate Tax: 15%
• Value Added Tax (VAT): 5%