Business Setup in Al Mazunah Free Zone
If you are looking to start a business in Oman while availing all the free zone benefits , then company formation in Al Mazunah free zone can be your solution.
Some features of the free zone Include:
- 100% foreign ownership
- Availability of Omani & Yemeni products via single common market
- Employee Yemeni citizens as freezone is connected to Yemen border
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A Guide for Al Mazunah Free Zone
Business Set up in Al Mazunah freezone in Oman has several benefits due to its strategic location bordering Yemen. Al Mazunah Free Zone is a designated economic zone in the Sultanate of Oman established in 1999 and spread across an area of 14.5 sq km. It is an attractive destination for entrepreneurs and companies seeking to establish a presence in Oman.
Company registration in Al Mazunah freezone can provide access to both Oman and Yemen markets while the raw materials can be procured through a single common market of Yemen and Oman. The company personnel can obtain residentials visa through Al Mazunah free zone company. Recently, the free zone companies has shifted their focus to cater the growing needs of greater Middle East and North African markets. The goods manufactured in Al Mazunah freezone can have a certificate of origin issued confirming them as free zone products.
Benefits of Business Setup in Business Setup in Al Mazunah Free Zone
100% Foreign Ownership
Al Mazunah Free Zone businesses permit full foreign ownership, giving investors total control over their business without the need for local partners.
Income Tax Exemption
Al Mazunah Free Zone attractively offers tax benefits and exemptions. There will be no income tax on profits generated by the free zone for 30 years without the need of income declaration.
Custom Duty Expemtion
The free zone offers customs duty exemption on the import of the raw materials. Additionally, the companies are permitted to import all eligible goods into Oman.
Transaction Flexibility
The free zone companies have flexibility transacting and dealing with foreign exchange and remittance. Businesses may access international markets through Al Mazunah Free Zone, facilitating commerce and expanding commercial prospects.
No minimum Investment Requirement
Foreign investors can enjoy the benefit of no minimum capital investment requirement to set up a business in Al Mazunah free zone. There is no restriction in dealing with foreign currency.
Certificate of Origin
The free zone companies operating from Al Mazunah free zone can proudly obtain certificate of origin stating that the goods are manufactured in the free zone. Factories can be granted national certificate of origin.
International Workforce
Freezone companies can hire Yemeni citizens to work for them as there are no visa requirements for Yemeni citizens for entry/exit or residency in the freezone. For other foreign nationals, companies can obtain residency visas without any hassles.
Documents Required to Start a Business in Al Mazunah Free Zone
Business Plan
Certificate of Incorporation of the parent company (For a Branch of a Foreign Company)
Board resolution authorizing the establishment of the branch (For a Branch of a Foreign Company)
Power of Attorney appointing a representative for the branch (For a Branch of a Foreign Company)
Passport and visa Copies
NOC (if applicable)
Trade names
Steps to Start a Business in Al Mazunah Free Zone
Why Choose Gryffin Capitalist?
Al Mazunah Free Zone is an attractive destination for businesses seeking to establish a presence in Oman. The free zone offers a favorable environment for businesses to develop and reach markets in Oman, the GCC, Africa, and beyond thanks to its advantageous location, business-friendly regulations, tax incentives, and modern infrastructure.
To start a business in Al Mazunah free zone, it is essential to reach a skilled business consultant and Gryffin Capitalist can do everything for your business to flourish. Our advisors are skilled in the business setup procedures and guide you through the right way. Contact us to discuss further.
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What our clients say
Very Prompt Service
"Gryffin Capitalist has assisted us with the opening of an offshore bank account without much hassles. I have faced issues with other companies regarding the required documents and process"
Seamless company Incorporation process
"I contacted Gryffin Capitalist to incorporate my company in the British Virgin Islands. The consultants were proactive in explaining the process and getting necessary documents in a single go thereby avoiding any resubmission and saving a lot of time."
Great Service by the team
"The team at Gryffin capitalist was very helpful in my company incorporation in the UAE. After the sales, the operations team was proactive and followed up regularly to get the company registered."
Frequently Asked Questions (FAQs)
Al Mazunah Free Zone is a designated economic zone in Oman, offering a favorable environment for businesses to set up and operate It provides various incentives and facilities to attract local and international investments. and it is one of the potential free zones.
Some benefits of business setup in Al Mazunah Free Zone include 100% foreign ownership Tax exemptions and incentives Easy company formation process Access to global markets Modern infrastructure and facilities Strategic location
Yes, businesses in Al Mazunah Free Zone can employ foreign workers. However, they must comply with Oman’s labor laws and regulations, including obtaining work permits and visas for foreign employees.
Al Mazunah Free Zone offers various incentives, including tax exemptions, duty-free import and export, simplified customs procedures, and access to infrastructure and support services. Additionally, the zone is part of the broader initiatives to attract investment and promote Oman's economic growth.