Khazaen SPECIAL ECONOMIC ZONES

Why Khazaen

Khazaen is the largest economic development zone directly connected to Oman’s capital, Muscat and is strategically located in Barka on the Muscat- Batinah Expressway, in the most densely populated part of the Sultanate.

Khazaen – An Integrated Logistics and Industrial Hub

Khazaen is an integrated logistics and industrial hub supported by designated free zone, dry port, residential areas and commercial components. Khazaen provides world-class infrastructure, competitive investment incentives, attractive land lease rates, dedicated one-stop shop and investors support, and a strategic location that is well connected to the local, regional, and international markets. These factors help Khazaen to be one of the most promising economic zones in the region for logistics, manufacturing and trade.

Khazaen – A Project of National Importance

Khazaen is a project of high national importance working to achieve the Government of Oman’s national development objectives to stimulate economic growth, enhance logistics and industrial development in Oman and . maximize private sector participation in Oman’s development. The city will also create In- Country Value (ICV) for Oman by attracting foreign investments creating opportunities for SME’s and local investors, and maximizing expenditures on Omani goods and services. These will help in creating new jobs and opportunities to recruit, retain and develop local talents.

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A world-class infrastructure and ready built internal transportation network, services, and utilities.

Khazaen provides its tenants and investors with lands which are supported with a well designed internal road network and direct access from Muscat – Al Batinah ExpressWay, which connects the city directly to Sohar Port, Al Suwaiq Port, and Muscat International Airport. The city infrastructure is also designed to accommodate the future planned railway. Khazaen is also supported by utilities and infrastructure built over the city providing investor projects with power, portable water, and fiber optics. The city was designed with the highest engineering risk mitigation measures protecting the city from extreme weather conditions through internal stormwater channels and an external dyke.

Benefits of Setting Up a Company in Khazaen 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

Documents Required to SetUp a Company in Khazaen 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…

register company in khazaen

How to Set Up a Company in Khazaen SEZ?

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

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

Facilities Provided by Khazaen SEZ

  • Supporting facilities such as dry port, truck rest area and labour villages
  • A diversified environment for different business activities
  • To be leading logistics, manufacturing, and trade hub in the region.
register company in khazaen