Oman issues law on special economic zones and free zones

07 May 2025|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Global|Oman

Oman published Royal Decree 38/2025, on 7 April 2025, establishing the Law of Special Economic Zones and Free Zones, effective as of 14 April 2025.
The new law introduces a 10-year income tax exemption for qualifying enterprises, renewable for two similar periods for activities of a special nature, while streamlining the processes for approvals, permits and licensing.
The new law aims to promote economic diversification, strengthen private sector development, attract foreign investment and enhance…

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