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OMAN
A Rising Destination for Global Investment

Security of Assets, Transparent Regulations
& Investor-Friendly Environment

The Sultanate of Oman is emerging as one of the most strategically positioned and economically stable countries in the Gulf region. Known for its political neutrality, modern infrastructure, and access to key global trade routes, Oman offers a compelling environment for international investors seeking both safety and opportunity.

Driven by Vision 2040, Oman is actively diversifying its economy beyond hydrocarbons, with strong focus on logistics, renewable energy, tourism, manufacturing, and digital innovation. Major reforms have simplified business procedures, eliminated excessive regulation, and reduced bureaucratic barriers—making it significantly easier to start and operate a business in the country.

The tourism sector is a key pillar of Oman’s long-term development strategy. With vast natural landscapes, rich cultural heritage, and strong government support, Oman is fast becoming a sought-after destination for sustainable tourism and hospitality investments. Large-scale resort developments, eco-projects, and heritage restorations are attracting interest from international partners.​

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Oman also offers clear advantages for foreign investors, including 100% foreign ownership in many sectors, straightforward licensing procedures, minimal administrative friction, and attractive long-term residency options. The country’s financial system is stable and transparent, with robust legal protections for assets and commercial rights.

Importantly, Oman maintains warm and pragmatic relations with Russia and other CIS countries, actively welcoming businesses and investors from the region. With its business-friendly policies, low bureaucracy, and secure environment, Oman positions itself as a reliable and forward-looking destination for global and regional capital alike.

Insights & Trends

Following a pandemic-related decline of −3.4%, Oman’s economy rebounded with +3.1% growth in 2021. Projections indicate a similar pace through 2025.

Oman’s economy is steadily shifting from oil dependence to diversified growth. As of 2024, the non-oil sector contributes over 70% of GDP, driven by tourism, logistics, industry, and technology.

Oman has seen a sharp increase in foreign direct investment. FDI reached 11.8% of GDP in 2023, well above regional averages, signaling strong global investor confidence.

Informe financiero
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Reunión de negocios en la mesa pequeña
GDP Recovery & Stability
Economic Diversification
FDI Surge
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Reform-Driven Growth
Under Vision 2040, Oman has launched large-scale infrastructure and innovation initiatives while cutting red tape, eliminating excessive regulation, and creating a business-friendly, low-bureaucracy environment.
Key Takeaways
Key Economic Indicators 
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Oman is often called the "Switzerland of the Middle East" for its political neutrality, stability, and balanced diplomacy - making it a trusted and secure environment for international investors and capital preservation.

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Tax Advantages

INCOME TAX

0%

Up to 2028

5%

From 2028 for the income
above OMR 42.000

Oman currently imposes no personal income tax, with a 0% rate in effect until January 1, 2028. Starting from that date, a 5% tax will apply to individuals earning above OMR 42,000 per year. The new tax will include broad exemptions for essential expenses such as education, healthcare, and housing. 

CORPORATE TAX

0%

Free Economic Zones
Up to 15 years

15%

Mainland

Oman applies a 15% corporate tax on mainland companies, with a reduced 3% rate for qualifying small businesses. Free Zone entities may enjoy tax holidays of up to 15 years, subject to investment and local employment criteria. These measures support Oman’s strategy to attract and retain foreign investment.

TAX ON DIVIDENDS

0%

Oman currently does not impose withholding tax on dividends paid to non-residents, including investors from Europe, Russia, and CIS countries. This allows for tax-free repatriation of dividends, promoting foreign investment. However, Oman has Double Taxation Agreements with several countries in these regions, which may provide reduced withholding tax rates.

VAT

0%

Free Economic Zones 

5%

Mainland

Oman introduced a 5% VAT on most goods and services starting April 2021. Essential items like basic food, healthcare, and exports are zero-rated or exempt. VAT registration is mandatory for businesses with turnover above OMR 38,500. Supplies within Free Zones are generally zero-rated, supporting investment and trade.

Oman Vision 2040

Oman Vision 2040 is the Sultanate’s long-term national strategy aimed at transforming the country into a sustainable, diversified, and globally competitive economy by the year 2040. Officially endorsed by His Majesty Sultan Haitham bin Tarik, the Vision serves as the central guiding document for shaping Oman’s economic and development policies over the next two decades.

Key Pillars of Oman Vision 2040
ECONOMIC DIVERSIFICATION
Reducing dependence on oil by developing strategic sectors such as logistics, tourism, agriculture, manufacturing, renewable energy, and fisheries.
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PRIVATE SECTOR EMPOWERMENT

Strengthening the role of the private sector through regulatory reform, investment incentives, and public-private partnerships (PPPs).

HUMAN CAPITAL DEVELOPMENT
Investing in education, innovation, and skills to create a productive and competitive national workforce.
SUSTAINABILITY & ENVIRONMENTAL RESPONSIBILITY
Promoting green energy, responsible resource management, and environmentally conscious infrastructure.
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GOVERNANCE AND INSTITUTIONAL EFFICIENCY
Improving transparency, digital transformation of government services, and enhancing legal and regulatory frameworks to support economic and social development.
GLOBAL INTEGRATION
Positioning Oman as a regional and international trade and investment hub by leveraging its strategic geographic location and global diplomatic ties.
Today, Oman presents a nearly unparalleled environment for professional investors and entrepreneurs willing to actively participate in the country's economic transformation
The sultanate of Oman is open to strengthening and deepening economic ties with Russia in all aspects… Apart from tourism, the country is interested in strengthening ties in other economic sectors.
"
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Azzan Qassim Al Busaidi,
Under‑Secretary of Tourism, at SPIEF 2024
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Explore Investment Opportunities in Oman

Oman is a stable and fast-developing market offering attractive conditions for foreign investors—including streamlined regulations, tax advantages, and full ownership rights.

Backed by political stability and the country’s Vision 2040 strategy, Oman presents compelling opportunities across real estate, infrastructure, technology, and other key sectors.

We invite you to contact us to learn more about the legal, tax, and regulatory framework in Oman—and how we can support your entry into this growing and secure market with tailored investment solutions.

+34 659 912 871

+34 622 341 394

Tilal offices Building no. 4 - 5th Floor, Muscat Grand Mall, Dauhat Al Adab St, Muscat 136, Oman

© 2025 ALTAIR Group LLC

 

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