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Oman Establishes Scientific Zones

|Approved Changes|Oman
Oman

Oman issued a Royal Decree 27/2019 effective from 29 April 2019, allowing for the establishment of scientific and other specialized zones. Qualifying entities established in these zones could be entitled to the following incentives:

  • exemption from taxes for a period of 5 years from the commencement of activities, which can be extended for two terms (i.e. the maximum period of exemption is 15 y…

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