Incentive Guide For Sectors

02 Incentive Guide fiff مدائن madayn о о о о ○ о о о о о о о 100% of foreign ownership in all industrial cities Lease period of lands and facilities for up to 30 years, renewable for the same period Right to waive the lease right for the remaining period of the contract Right to sell constructions and buildings on the leased land Right to lease the buildings and facilities built on the leased lands by investors Right to involve new partners in the lease contract Rental value of OMR 1 annually per square meter for the first five years for industrial uses Exemption from tax on net profit for a period of five years for industrial projects Exemption from customs duties and taxes on production inputs Income tax at a fixed rate of 15% per annum and fixed customs duties of 5% Percentage of foreign workforce touches up to 65% Developed and equipped lands with basic services (water, electricity, telecom, roads) о Freedom of working around the clock Projects can receive 100% foreign ownership Industrial Cities: 100% of foreign ownership in all industrial cities о Al Wadi Al Kabir о Rusayl о о Suhar о Raysut Sur о о Nizwa Buraimi о • Al Mudhaibi о Al Mazunah о Ibri о Mahas о Samail о Knowledge Oasis Muscat

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