First OCCI membership certificate issued at Al Mazunah Free Zone’s one-stop-station

Business Sunday 08/March/2020 17:00 PM
By: Times News Service
First OCCI membership certificate issued at Al Mazunah Free Zone’s one-stop-station

Muscat: All the services of Oman Chamber of Commerce and Industry (OCCI) are currently being offered at the one-stop-station at Al Mazunah Free Zone, informed Said bin Abdullah Al Balushi, Acting Director-General of Al Mazunah Free Zone.
“With the first OCCI membership certificate been recently issued at the free zone’s one-stop-station, all the services that are required by the investors are now available at the one-stop-station. These services include obtaining and approving certificates of origin, and applying and renewing membership certificates,” Al Balushi said.
He added that this achievement comes in line with the efforts undertaken by the Public Establishment for Industrial Estates – Madaynat Al Mazunah Free Zone. “These efforts aim at saving time and effort and facilitating the services offered to the investors and business owners. Through the one-stop-station, business owners and investors have access to a variety of services related to investment activities which are set to be completed within a period not exceeding three hours,” Al Balushi pointed out.
The one-stop-station at the free zone comprises several public and private bodies including the Ministry of Commerce and Industry, Ministry of Manpower, Oman Chamber of Commerce and Industry, and insurance companies.
The strategic location of Al Mazunah Free Zone on the border of the Sultanate and Yemen makes it the Gulf gateway for transit trade to Yemen and Eastern Africa. General incentives are offered to investors in the free zone, including customs’ exemptions, 100 per cent foreign ownership, no minimum capital requirements, and Omanisation rate stands at 10 per cent. Other incentives include easy access of individuals and investors to the free zone without entry visas being required for Yemenis, facilitation of employing Yemeni workforce without work visa being required, in addition to other incentives.