Saturday 16 / November / 2024
Muscat: The General Authority for Special Economic Zones and Free Zones announces the reduction of commercial registration fees for establishments operating within the borders of the Special Economic Zone at Duqm and its servicesby 50 per cent, and the reduction of branch opening fees to OMR 12 instead of OMR 1,000.
The General Authority for Special Economic Zones and Free Zones approved the reduction of commercial registration fees for establishments operating within the borders of the Special Economic Zone at Duqm, so that the value of the registration fees allocated to small and medium-sized enterprises between 30 and 40 Omani riyals related to the establishment of a new company and OMR 12 to open a branch of a local company instead of the applicable fee Previously, which amounts to OMR 1,000.
Dr. Saeed bin Khalifa Al-Turashi, who is in charge of running the business services sector at the Public Authority for Special Economic Zones and Free Zones, explained that the new facilities package was approved by the Authority’s Board of Directors, which is to grant reduced fees and improved incentives in addition to other fees related to updating the commercial registry and operations related to managing business, and service fees Provided to projects operating in the Special Economic Zone at Duqm with the aim of facilitating the business and investment environment and supporting small, medium or emerging enterprises operating within the region's borders.
He added that the authority continues to provide facilities and incentives to entrepreneurs in small and medium enterprises, including a 50 percent reduction in fees for all services provided by the authority, in order to create a stimulating investment environment for entrepreneurs and enhance their opportunities to benefit from economic growth in the economic and free zones, noting that the stimulus will encourage entrepreneurs to expand their businesses and innovate various projects that meet the needs of large projects and the continuous growth in the region.
It is noteworthy that the General Authority for Special Economic Zones and Free Zones has been working since the issuance of Royal Decree No. 105 / 2020 to promote and support the activities of small and medium enterprises by providing many facilities and advantages that enable enterprises to benefit from the facilities provided whose systems are characterised by speed and efficiency through one-stop channels. The authority whose electronic services extend to all special economic zones and free zones.
