- New Legislative Framework: Oman enacted Royal Decree 38/2025 on April 7, 2025, establishing a comprehensive Law for Special Economic Zones (SEZs) and Free Zones (FZs) to unify regulations, streamline business operations, and enhance investor confidence.
- Incentives for Investors: The law offers a 10-year income tax exemption for qualifying enterprises, renewable for two additional periods for certain activities, along with customs benefits and the establishment of a one-stop-shop service to expedite business approvals and licensing.
- Economic Goals: Aimed at promoting economic diversification, attracting foreign investment, and fostering private sector development, the law seeks to enhance the investment environment, support job creation, and regulate real estate development within the zones.
Source EY
