SOHAR, Oman, April 12, 2023 /PRNewswire/ — Persevering with to drive progress for brand new and increasing native and worldwide companies, SOHAR Freezone has prolonged its aggressive charges on Basic Commerce License (GTL), permitting companies from round to base themselves throughout the advanced at a decreased charge for as much as three years. Corporations can save as much as 50% on the common charges and start buying and selling instantly by utilizing SOHAR’s digital portal to safe all required permits via the on-site one-stop. SOHAR Freezone is focusing on additional progress in 2023 and has prolonged its aggressive charges for brand new and renewing tenants to encourage buying and selling in an already quickly increasing SOHAR Port and Freezone.

Companies looking for to relocate may entry an entire working resolution via Company Parks, SOHAR’s industrial workplace accomplice, which presents a discount of between 15% and 40% in workplace rental charges for as much as three years to assist their operations thrive.

Buyers may get pleasure from 0% private earnings tax, 0% import and re-export duties and a company tax vacation of as much as 25 years, with no minimal capital requirement. In the meantime, the partnership with Company Parks presents companies entry to assembly room house with high-speed web and utilities included for one aggressive annual payment.

The success tales rising from SOHAR Freezone have highlighted its distinctive worth as a quickly rising enterprise hub. Corporations from numerous sectors corresponding to automotive and metals, polymers and chemical compounds have all benefitted from our strategic place and entry to uncooked supplies. The logistical and monetary incentives, corresponding to distinctive transport hyperlinks to key markets and low charges, present a perfect commerce gateway to neighbouring international locations and past for corporations trying to set up a presence within the area and revel in a large number of advantages inside an atmosphere that encourages long-term enterprise progress.

For extra data on GTL and workplace house choices, please contact SOHAR on +968 7151 8812 or +968 7992 2998, or e mail [email protected]. The total vary of alternatives at SOHAR Port and Freezone could be considered at  

About SOHAR Port and Freezone

As one of many fastest-growing ports on the earth, SOHAR Port and Freezone continues to leverage on its strategic location and improve its providers, positioning itself as a key logistics hub throughout the area and the world over boasting container, liquids, and bulk terminals. A robust mixture of the experience of ASYAD Group and the Port of Rotterdam, it’s earmarked as one of many Sultanate’s mega-projects, house to logistics, petrochemicals, and steel clusters, in addition to the area’s first devoted agro terminal. Right this moment, after 17 years of operation, it serves as the primary gateway for import and export in Oman, contributing 2.1% of the nation’s GDP and nearly 26,000 direct and oblique employment alternatives. With a give attention to sustainable growth and cutting-edge expertise, it’s main the event and modernization of the Sultanate’s logistics infrastructure and supporting the financial diversification goals of Oman’s 2040 Imaginative and prescient.

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SOURCE SOHAR Port and Freezone

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