The Sultanate of Oman
Capital: Muscat HDI: 0.793 (52nd)
GDP (PPP): $172.3 billion
Population: 3.4 million
Oman, a nation on the Arabian Peninsula, has terrain encompassing desert, riverbed oases and long coastlines on the Persian (Arabian) Gulf, Arabian Sea and Gulf of Oman. Wahiba Sands is a region of dunes inhabited by Bedouins. The port capital, Muscat, is home to the massive, contemporary Sultan Qaboos Grand Mosque, and the old waterfront Muttrah quarter, with its labyrinthine souk and busy fish market. Oman is an absolute monarchy. The Sultan Qaboos bin Said al Said has been the hereditary leader of the country since 1970. Sultan Qaboos is the longest-serving ruler in the Middle East.
Oman Economy – overview
Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves and a rapidly growing labor force, Muscat has actively pursued a development plan that focuses on diversification, industrialization, and privatization
Low oil prices continue to weigh on Oman’s economy and put further pressure on the public finances. The expected double-digit fiscal deficit of 2015 prompted authorities to introduce higher taxes and cuts to public spending in its 2016’s budget.
Industry Trends & Business Climate
Business in Oman – Oman Business Climate
The Government has embarked on a policy of economic diversification with an emphasis on agriculture, fisheries, tourism, mining, light industry, and now, petrochemicals and other heavy industries.
Doing business in the Sultanate of Oman
A comprehensive profile of business in Oman
Establishing a Presence
Oman company registration
There are three ways to structure a new business in Oman. The most common is the limited liability company (LLC). Other possibilities are the free zone company or branch representative office
Oman company registration
A consultants 12 steps to incorporating in Oman
Oman Corporate Tax Rate | 2003-2016
The Corporate Tax Rate in Oman stands at 12 percent.
Corporate Taxes and Tax Laws in Oman
All companies registered in Oman are taxable on their income and this tax rate depends upon the legal status of the registered entity.
No Personal Income Taxes in Oman
There are no personal taxes in Oman
Oman points the way to VAT implementation
In 2013 Oman indicated that it may be the first to implement a VAT tax in the UAE. Oman has indicated that it will attempt an implementation by 2016. This would include a VAT rate of around 6%. Any new Oman regime could then be rolled into a harmonized UAE regime in the future.
Oman Visa and Passport Requirements
Visa and passport requirements for selected countires
Oman – Bureau of Consular Affairs
See “Entry, Exit & Visa Requirements” on this site
Transport in Oman – Lonely Planet
A guide to air and ground transportation in Oman
Oman – Telecoms, Mobile and Broadband
Renewed efforts to improve broadband infrastructure in Oman. Internet access is mostly obtained via mobile broadband services in Oman
Telecommunications in Oman
Oman Telecommunication Company has a monopoly in the landline telephone and internet access markets. Its arm Omanmobile offers mobile services.
Oman Transportation – Taxi, Train, Bus & Airport Tips
84 tips on getting to and getting around Oman from real travelers and locals.
The Labor Laws of Oman
Provisions of the labor law in Oman that apply to foreign workers
Oman Labour Law
Complete text of the labor law in Oman as established by the Ministry of Manpower
Oman Guide: Cost of Living
The overall cost of living in Oman is similar to that in most European countries, if you’reliving in the style of the average Western expatriate.
Cost of Living in Oman.
Average prices of more than 40 products and services in Oman. Prices of restaurants, food, transportation, utilities and housing are included.
Culture and etiquette | About Oman
Foreigners are generally made to feel very welcome in Oman, although in return you’ll be expected to abide scrupulously by Omani cultural norms.
Arabic Business Etiquette
Practicing proper Arabic business etiquette will benefit you greatly when looking to expand into new Arabic markets
Oman Climate Information
The climate varies from region to region. In the coastal areas it is hot and humid in summer. In the Interior it is hot and dry, with the exception of some higher locations, where it is temperate all year round.
Oman travel advice – GOVUK
Travel advice from the UK government including safety precautions
Oman: U.S. Department of State
See “Safety and Security” on this site
Oman Education System
In Oman, education is free throughout all three levels of school, although it is not compulsory and therefore not enforced.
Oman Education – International Schools
This site lists the international schools in Oman
Public Holidays in Oman in 2016
Comprehensive list of National Public Holidays that are celebrated in Oman during 2016 with dates and information on the origin and meaning of holidays.
Oman Public Holidays 2016 and 2017
Oman’s complete list of public holidays for 2016 and 2017.
Demographics of Oman
This site discussesthe demographic features of the population of Oman, includingpopulation density, ethnicity, education level, health of the populace
Oman Facts | Government, Economy, Demographics, Education
Demographic facts and statistics
Oman Weather – AccuWeather.com
Real time weather conditions in cities in Oman
Oman Customs Regulations
Oman Customs regulations and procedures for importing and exporting goods at border.
Oman Free Trade Agreement (OMFTA) | U.S. Customs
The Oman Free Trade Agreement (OMFTA) went into effect on January 1, 2009, and provides for a complete duty phase out by January 1, 2018.
WTO | Oman
This site provides key information on Oman’s participation in the WTO. Oman has been a member of WTO since 9 November 2000.
Housing and Rentals
Oman Housing & Rentals
Finding a nice place to live is always difficult. Oman is no exception – getting the right accommodation can be hard, especially in large cities.
Oman Corporate Housing and Extended Stay Hotels
Search for Furnished Short Term Housing & Extended Stay Hotel directory plus Corporate Suites
Oman – Lonely Planet
Top destinations and experiences in Oman
Oman Tourism: Best of Oman
TripAdvisor has 63,749 reviews of Oman Hotels, Attractions, and Restaurants making it your best Oman resource.