Established in 1999 as the first of its kind in the Sultanate of Oman, Al Mazunah Free Zone is located in Oman's southern governorate of Dhofar, close to the Yemeni border. The strategic location of the free zone makes it the Persian Gulf gateway for transit trading to the Republic of Yemen and the countries of East Africa.
Al Mazunah Free Zone Incentives
- Exemption of profits from income tax for 30 years without the need to provide income declaration
- Flexibility in the transaction process for remittance and dealing of foreign exchange
- Exemption from the law of commercial agencies
- Exemption from customs duties
- Permission to import all eligible goods into the Sultanate of Oman
- Exemption from the requirement of a minimum investment in addition to a wide freedom to use foreign currencies
- Possibility of 100% ownership of the invested project’s capital
- Allow the Yemeni workforce to work in the free zone without an entry visa or permanent residence permit in Oman
- The Omanisation percentage for the operating company stands at 20%
- Issuance of certificates of origin (free zone products) or (foreign origin)
- Grant the factories operating in the free zone a national certificate of origin
- Facilitate residence visas for non-Omani investors
- Availability of Omani and Yemeni products at affordable prices through a single common market
- Adoption of the Yemeni customs data for goods received from Yemen
- Allow the establishment of a representative office within the customs territory of Oman
INVESTMENT OPPORTUNITIES
COMMERCIAL SECTOR
- Import, storage, and re-export of all types of goods;
- Trading and storage of vehicles and spare parts of various kinds;
- Vegetable and fruit trade;
- Livestock and meat trade;
- Machinery, equipment, and spare parts trade; and others.
SERVICE SECTOR
- Transportation and distribution services from and to the free zone to both Oman and Yemen;
- Custom clearance services;
- Catering services;
- Handling services (loading and unloading) of goods and equipment;
- Translation, correspondence, printing, fax, internet, and grocery services; and others.
INDUSTRIAL SECTOR
- Sorting and packaging factories;
- Foodstuff processing units; agricultural products; packaging of vegetables and fruit;
- Maintenance workshops for medium and heavy equipment;
- Vehicle maintenance and repair workshops;
- Light plastic industries;
- Readymade garments manufacturing;
- Woodworking and carpentry plants industries;
- Light industries of all kinds; and others
Source: Madayan