Oman issued a Royal Decree 27/2019 effective from 29 April 2019, allowing for the establishment of scientific and other specialized zones. Qualifying entities established in these zones could be entitled to the following incentives:
- exemption from taxes for a period of 5 years from the commencement of activities, which can be extended for two terms (i.e. the maximum period of exemption is 15 years);
- benefit from lands in the zone for a period of 25 years;
- exemption from the minimum capital a…