Company Formation in Al Mazunah Free Zone
Business Setup in Al Mazunah Free Zone 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 the Al Mazunah Free Zone can provide access to the Oman market. The company personnel can obtain residential visas through Al Mazunah Free Zone company. Recently, the Oman freezone companies have shifted their focus to cater for the growing needs of greater Middle East and North African markets. The goods manufactured in the Al Mazunah Free Zone can have a certificate of origin issued confirming them as free zone products.
Benefits of 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 for an income declaration.
Custom Duty Expemtion
The free zone offers customs duty exemption on the import of raw materials. Additionally, the companies are permitted to import all eligible goods into Oman.
Transaction Flexibility
The free zone companies have flexibility in transacting and dealing with foreign exchange and remittance. Businesses may access international markets through the 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 the Al Mazunah free zone. There is no restriction in dealing with foreign currency.
Certificate of Origin
The free zone companies operating from the Al Mazunah free zone can proudly obtain a certificate of origin stating that they manufacture goods in the free zone.
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. Companies can obtain residency visas without any hassles for other foreign nationals.
Steps to Start a Business in Al Mazunah Free Zone
We need to determine the demand, competition, and viability of your company concept in the Al Mazunah Free Zone. It is ideal to undertake complete market research before starting the venture.
Choose the industry or company sector for your company registration in Oman. Ensure that Al Mazunah Free Zone authority permits the activity you want to engage in.
Decide whether your business will be a Limited Liability Company (LLC), a Joint Stock Company (JSC), a Sole Proprietorship company or a Branch of a Foreign Company. The choice will affect several variables, including ownership restrictions and liability concerns.
Select a distinctive company name that conforms to Al Mazunah Free Zone Authority's rules. The name should be consistent with the naming conventions, represent the nature of your company, and be unique.
To start your company's physical presence, lease an adequate office space or facility within the Al Mazunah Free Zone. We can entail signing a lease or buying real estate inside the restricted area.
Send the completed application form and the supporting documentation to the Al Mazunah Free Zone Authority. Make sure that all the data you supply is correct and current.
The free zone authorities will evaluate and approve your application. Verifying the provided papers and running background checks may be part of this procedure.
Once your application is approved, you will need to pay the relevant fees and get the requisite business license from the Al Mazunah Free Zone Authority.
Once every process is complete, your license will be approved. Now, you can start your business operations.
Documents Required to Start a Business in Al Mazunah Free Zone
- Business plan or activity proposal
- 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)
- Financial Profile
- Tenancy agreement
- Chamber of Commerce membership certification
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
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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 an expert business setup consultant. Gryffin Capitalist can setup the company in Oman. We can assist you with bank account opening in Oman. Our advisors are aware of the business setup process and can guide you through the company registration journey.
Quality Professionalism
High Confidentiality
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Al Mazunah Free Zone is a designated special economic zone in Oman, offering a favourable environment for businesses to set up and operate. It provides various incentives and facilities to attract local and international investments.
Some benefits of business setup in the 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 the Al Mazunah Free Zone can employ foreign workers. However, they must comply with Oman’s labour 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.
Al Mazunah Free Zone allows the Free Zone registered companies to hire the Yemeni workforce without any entry visa or permanent residency permit.
