• Oman

    • Sohar Free Zone offers opportunities and incentives for local and international companies

    By on May 9, 2022

    Sohar Free Zone continues to pave the way for companies to access global markets, as it recently introduced new incentives and benefits to allow them to realize their expansion plans.

    Until the end of 2022 AD, new and existing tenants can obtain general trade licenses for a period of one, two or three years with competitive prices of up to 50 percent of the usual cost.

    In cooperation with the office service provider, Corporate Park Company, Sohar Free Zone allows the business community to rent office space in the modern corporate complex at competitive prices ranging from 30 to 45 percent for a period of up to three years.

    Through these incentives, Sohar Free Zone seeks to open promising horizons that will attract the most prominent investors from various sectors, and provide an opportunity for existing companies to enhance their expansion plans.

    Companies can take advantage of the opportunities, elements and incentives offered by the free zone to grow their business with ease, flexibility, and competitive cost.

    Sohar Port and Free Zone is one of the fastest growing ports in the world.

    The project continues to consolidate its position as a logistics gateway to global trade thanks to its strategic location in the shipping lanes from East to West, and a regional transit point for expansion in various African and Asian markets, in the Middle East, Europe and North America.

    Also, Sohar Free Zone provides various complexes and spaces that meet the needs of all sectors, and provides cooling facilities and logistical solutions for distribution around the world.

    The free zone is connected to Sohar port, which provides companies with a non-stop customs clearance service and a customs transport corridor between the port and the free zone, allowing goods to reach their destination in less than 14 minutes.

    Commenting on this, Omar Al-Mahrazi, CEO of Sohar Free Zone and Executive Vice President of Sohar Port, said: “We continue our commitment to support the growth of the businesses of our new and existing tenants to reach the world of one of the fastest growing free zones in the region by offering general trading licenses and office space at very competitive prices.”

    He added: “We are keen to meet the growing demand for flexible work environments by providing efficient office spaces that allow tenants to enhance their direct communication with a wide range of local and international clients with a strategic location and low cost.

    We also continue to provide them with a range of benefits and incentives, including ensuring continuous access to high-quality raw materials through a world-class port, and enhancing their business access to new markets.”

    Companies can now obtain a general trade license and all required permits, licenses and visas electronically through the platform to effectively establish and operate their companies.

    Sohar Free Zone offers investors a full list of benefits and incentives, including full exemption from import and export duties, complete exemption from income tax, and corporate tax exemption for up to 25 years.

    Through its close cooperation with the Companies Complex Company, Sohar Free Zone seeks to facilitate the business community’s access to a range of modern facilities and services through annual subscriptions and obtaining competitive fees of up to 45 percent over the usual cost.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.