Duqm Special Economic Zone

The Sultanate of Oman offers numerous Free Zones that has been one of the eye-catching parameters that attract international business investors in its ground. Just like the Sohar and Salalah Free Zones, there comes another zone referred to as the Duqm Special Economic Zone. This treaties will give you a clear picture of Duqm Oman and the various facilities that it provides. If you are an investor and looking for businessinvestment opportunities in Oman and is titled towards industrial aspect, you can count on Duqm SEZ. Let’s start with…

What is a Special Economic Zone?

A Special Economic Zone (SEZ) is an area that deals with business and trade laws that are slightly different from the normal company incorporation ground and is located within the country’s national boundary. The SEZ aims at increased trade balance, increased investment, job creation, and effective administration. Now, let’s understand more about Duqm Special Economic Zone Authority and its investment opportunities.

Investment Opportunities

The Special Economic Zone Authority at Duqm (SEZAD) provides attractive opportunities to investors to unlock their business projects. Like the other free zones, there lie many investment opportunities in Duqm SEZ like:

Refineries, oil storage, and refining
Petrochemical industries
Transport and Logistics
Heath and Therapeutic Services
Market and Malls
Mining
Fishery Industries
Real-Estate Development
Warehousing and Logistics Village
Tourist Resorts
Commercial Offices and Residential Complexes

Existing Projects

Port of Duqm: One of the largest ports in the Middle East, attracting significant investments.
Dry Dock: Offering ship repair, maintenance, and steel fabrication services.
Duqm Refinery: Processing 230,000 barrels of oil per day.
Renaissance City: Providing improved housing for SEZD employees.
Sebacic Acid Refinery: Pioneering initiative in the Middle East, manufacturing a crucial chemical from castor oil.
Duqm Airport: Connecting Duqm to regional and international destinations.
Oil Storage Terminal: Strategically located with a capacity of 25 million barrels.
Integrated Electricity and Water Plant: Supplying reliable power and desalinated water.
Sino-Oman Industrial City: Hosting diverse heavy and medium industries.
Little India Project: Developing hotels, malls, and residences with scenic sea views.

Map and Full Details of the Duqm Special Economic Zone

Now, before you make any move whether to invest or not, let’s have a glance at the different benefits that you being an investor will derive.

Benefits of Setting Up a Company in Duqm SEZ

Exemption of tax for a period of 30 years
Availability of 100% Foreign Ownership
No restriction in terms of minimum capital requirement
No currency restrictions
100% Repatriation of capitals and profits invested and earned
The flexibility of free movement of goods inside the zone
Visa for Expatriates is easily available
Easy network link with the Gulf and International markets
Presence of Labor Department to issue the necessary permits for foreign workforce
Politically stabled zone for business activities
Mandatory of 10% Omanization rate stipulated by SEZAD Board
Freedom to establish a Representative Office

Before you proceed towards the core company setup process, it becomes essential for you to know that different business licenses are to be obtained before one initiates the business activities.

These licenses are issued by different departments such as:

Ministry of Commerce and Industry
Capital Markets Authority
Ministry of Health
Capital Markets Authority
Ministry of Information
Ministry of Education
Ministry of Tourism

Next, let’s have a close look at the essentials required to set up a business in Duqm SEZ.

مزایای راه اندازی یک شرکت در Duqm SEZ

Company registration in duqm

Documents Required to SetUp a Company in Duqm SEZ

Copy of Owner’s ID, Partners, Founders etc.
Signature of the Signatories according to the Annex(1) of the Investment Application
Description of the Investment Project and its needs according to the Annex (2) of the Investment Application
Memorandum and Articles of Association
In case if a partner is a legal person, minutes of the meeting along with the partner’s share needs to be submitted.
In case of a Branch office, a letter from the parent company is required that states the responsibility of the business activities are to be taken care of by the Parent company.
Certificate of Company Registration
Official letter from the owner of the establishment requesting registration of Branch Office
If the applicant holds a work visa, a No-Objection Letter from the current sponsor is to be submitted

The next question you might be having in your mind is…

Company registration in duqm

How to Set Up a Company in Duqm SEZ?

Well, setting up a business in Duqm SEZ involves a few steps:

Submit an application form, known as Plot Application Form (PAF) by filing the necessary details
An agreement needs to be drafted based on the Commercial terms, Land Lease Price, and Contract Term
A No Objection Letter needs to be obtained from the Ministry of Environment and Climate Affairs (MECA)
Due diligence process is to be performed on the main shareholders and promoters
Necessary payments need to be paid accordingly
Once paid, the company incorporation certificate needs to be collected from the Oman Chamber of Commerce and Industry.

Facilities Provided by Duqm SEZ

Enormous ground spread up to 2000 sq.km. for business setup
A diversified environment for different business activities
A Logistics and Marine hub

Company registration in duqm

Introduction to the Tourism Attractions of Duqm

Duqm is an exceptional tourist destination, distinguished by the harmonious blend of its landscapes and a delightful climate throughout the year. The region’s tourist attractions include:

Duqm Rocks Garden: A unique geological formation consisting of thousands of natural stone pillars.
Al Huqf Area: A remote and rugged region known for its natural beauty, including mountains, valleys, and desert dunes.
Duqm Triliths: A group of three large stone pillars that are believed to be a prehistoric monument.
Migratory birds: Duqm is a popular stopover for migratory birds, including flamingos, pelicans, and waders.
Beautiful beaches: Duqm has a coastline of over 100 kilometers, with pristine beaches that are perfect for swimming, sunbathing, and water sports.

Plaza Hotel by the Beautiful Beaches of Duqm

These attractions offer visitors a variety of experiences, from exploring the region’s natural beauty to learning about its rich history and culture. Duqm is a growing tourist destination with a bright future.