{"id":1280,"date":"2023-12-11T15:01:03","date_gmt":"2023-12-11T15:01:03","guid":{"rendered":"https:\/\/2024.omanconsulate.com\/?page_id=1280"},"modified":"2023-12-13T09:41:57","modified_gmt":"2023-12-13T09:41:57","slug":"doing-business-in-oman","status":"publish","type":"page","link":"https:\/\/2024.omanconsulate.com\/en\/doing-business-in-oman\/","title":{"rendered":"Doing Business in Oman"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1280\" class=\"elementor elementor-1280\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-235ad232 elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle\" data-id=\"235ad232\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44e3203\" data-id=\"44e3203\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-771bac18 elementor-align-right elementor-widget elementor-widget-button\" data-id=\"771bac18\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\"><\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-9cbcd7b e-con-full e-flex e-con e-parent\" data-id=\"9cbcd7b\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-ff4b6f4 e-flex e-con-boxed e-con e-child\" data-id=\"ff4b6f4\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4c92a45 elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"4c92a45\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Doing Business in Oman<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b0b771d e-flex e-con-boxed e-con e-parent\" data-id=\"b0b771d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7dc479f e-con-full e-flex e-con e-child\" data-id=\"7dc479f\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-db93322 elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"db93322\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fast Economic Facts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98ca33e elementor-widget elementor-widget-image\" data-id=\"98ca33e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"256\" height=\"174\" src=\"https:\/\/2024.omanconsulate.com\/wp-content\/uploads\/2023\/11\/omanbayrak.png\" class=\"attachment-full size-full wp-image-1192\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f768aaa elementor-widget elementor-widget-text-editor\" data-id=\"f768aaa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<strong>GDP (2012):<\/strong> US$ 72 Billion\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76fbc6b elementor-widget elementor-widget-text-editor\" data-id=\"76fbc6b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Real GDP Growth Rate: <\/strong>4.4%<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3a452b elementor-widget elementor-widget-text-editor\" data-id=\"e3a452b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Economic Sectors share in GDP:<\/strong> <br \/>-Services: 47,2%<br \/>-Industry: 51,3%<br \/>-Agriculture: 1,5%<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77804ab elementor-widget elementor-widget-text-editor\" data-id=\"77804ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>GDP per-capita PPP:<\/strong> US$ 26.272<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9502b00 elementor-widget elementor-widget-text-editor\" data-id=\"9502b00\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Inflation:<\/strong> 3,8 Percent <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a20067 elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"4a20067\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Fast Trade Facts<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a5f259 elementor-widget elementor-widget-text-editor\" data-id=\"0a5f259\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong><br \/>Total exports (2011):<\/strong> US$ 43,53 Billion<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e73c577 elementor-widget elementor-widget-text-editor\" data-id=\"e73c577\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Major Exports:<\/strong> Oil and Gas, re exports, animals and animal products,chemical products, minerals and its products, electric systems and equipments, Food Industry and Rubber and plastic products, textile.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e222d9 elementor-widget elementor-widget-text-editor\" data-id=\"2e222d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Principal export destinations:<\/strong> UAE, India, China, Turkey (70th)<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c42ecd elementor-widget elementor-widget-text-editor\" data-id=\"8c42ecd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Total imports (2011):<\/strong> US$ 21,47 Billion<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43035af elementor-widget elementor-widget-text-editor\" data-id=\"43035af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Major Imports (2011): <\/strong>Automobiles and machinery, minerals and its products, food, livestock, manufactured goods, mechanical and transport equipments.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0851b5 elementor-widget elementor-widget-text-editor\" data-id=\"b0851b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Oman&#8217;s principal import sources (2011):<\/strong> UAE, China, India, Turkey (106th)<\/p><p>Plastic products,<\/p><p>Organic chemicals<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a654ac elementor-widget elementor-widget-text-editor\" data-id=\"7a654ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Major Oman imports from Turkey:<\/strong><\/p><p>Non-Ferrous Metals<\/p><p>Plastics in non-primary forms<\/p><p>Leather products<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0e85d1 elementor-widget elementor-widget-text-editor\" data-id=\"d0e85d1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Major Oman exports to Turkey:<\/strong><\/p><p>Iron and steel, manufactured metal products.<\/p><p>Petroleum, petroleum products and related materials.<\/p><p>Electrical Machinery, Textile products.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-788fa68 e-flex e-con-boxed e-con e-parent\" data-id=\"788fa68\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-65003431 e-con-full e-flex e-con e-child\" data-id=\"65003431\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a0e84b elementor-widget elementor-widget-text-editor\" data-id=\"7a0e84b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Sultanate of Oman is forging confidently ahead towards comprehensive and sustainable development achieving remarkable growth in all areas of its economy in recent years. Oman has been encouraging market-oriented policies and private sector development as the mechanism for prosperity and growth. Oman furthermore encourages foreign capital that enhances the development of the country. There are an ever growing number of reasons and incentives to do business in Oman as such it is no wonder that it is fast becoming a most promising and attractive business market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc51d10 elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"cc51d10\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Do Business in Oman?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7329362 elementor-widget elementor-widget-text-editor\" data-id=\"7329362\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Current investors and businesses in Oman are enjoying a free market and a very open and healthy economy, there are a number of reasons and incentives why Oman is among the world\u2019s most promising business destinations, including:<\/p><ul><li>Political stability<\/li><li>Currency stability<\/li><li>Excellent Strategic location<\/li><li>Many nationals can obtain visas upon arrival<\/li><li>Grand Arab Free Trade Zone<\/li><li>Unified GCC Custom Tariff<\/li><li>WTO membership<\/li><li>Freedom to transfer capital and profit<\/li><li>Customs exemption for machines, equipments and raw materials of industry<\/li><li>No tax for personal income<\/li><li>12% tax rate for all businesses including branches and permanent establishments of foreign companies for foreign branches<\/li><li>Guarantee for Omani origin exports against commercial and political risks.<\/li><\/ul><p>For further reasons of why to invest in Oman please visit the \u2018investment incentives\u2019 section in the Oman Chamber of Commerce &amp; Industry website\u00a0<a href=\"http:\/\/www.chamberoman.com\/En\/Content.aspx?SecNo=15\" target=\"_blank\" rel=\"noopener\"><em>here<\/em><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e623f2 elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"4e623f2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Current Business Opportunities<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d614fb7 elementor-widget elementor-widget-text-editor\" data-id=\"d614fb7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><img decoding=\"async\" src=\"https:\/\/omanconsulate.com\/images\/icerik\/doing-business-in-oman\/image005.png\" alt=\"image005\" width=\"200\" height=\"118\" \/><br \/>The Public Authority for Investment Promotion and Export<\/p><p>Development (PAIPED) has created a list of the general sectors<\/p><p>\u00a0where there are current investment opportunities. Such areas<\/p><p>include Infrastructure, Petroleum, Tourism and Information<\/p><p>Technology sectors to name a few. For the current list of<\/p><p>investment opportunities.\u00a0<a href=\"http:\/\/www.ociped.com\/DisplayPage5bdb.html?Menu_Code=1144&amp;Link_Code=1144&amp;Link_Parent_Code=1137&amp;Display_Code1=1137&amp;Display_Code2=1144\" target=\"_blank\" rel=\"noopener\"><em>click here.<\/em><\/a><\/p><p>The Oman Tender Board is an excellent place to<\/p><p>search for tender opportuities available, please<\/p><p><a href=\"http:\/\/www.tenderboard.gov.om\/\" target=\"_blank\" rel=\"noopener\"><em>click here\u00a0<\/em><\/a>to view:\u00a0<a href=\"http:\/\/www.tenderboard.gov.om\/eng\/default.aspx\" target=\"_blank\" rel=\"noopener\">http:\/\/www.tenderboard.gov.om\/eng\/default.aspx<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee98d27 elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"ee98d27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Doing Business in Oman<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7eb7369 elementor-widget elementor-widget-text-editor\" data-id=\"7eb7369\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><img decoding=\"async\" src=\"https:\/\/omanconsulate.com\/images\/icerik\/doing-business-in-oman\/image007.png\" alt=\"image007\" width=\"250\" height=\"160\" \/><br \/>In 2011 Ernst and Young published a report titled Doing\u00a0<\/p><p>Business in Oman which gives an insightful overview<\/p><p>of the economic, commercial and tax developments.<\/p><p>To view the publication please\u00a0<\/p><p><em><a href=\"http:\/\/emergingmarkets.ey.com\/wp-content\/uploads\/downloads\/2012\/05\/Doing-Business-in-Oman-2011.pdf\" target=\"_blank\" rel=\"noopener\">click here (pdf).<\/a><\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dcfe44b elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"dcfe44b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Useful Contacts & Enquiries<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d4fe06 elementor-widget elementor-widget-text-editor\" data-id=\"0d4fe06\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Public Authority for Investment Promotion and Export Development (PAIPED) formly known as the Omani Centre for Investment Promotion and Export Development, (OCIPED) is a government institution established in 1996, that aims to promote foreign investment in Oman and develop Oman\u2019s export capabilities.<\/p><p>P.O.Box 25 Wadi Kabir, Oman<br \/>Tel: (00968) 24812344<br \/>Fax: (00968) 24810890<br \/><a href=\"http:\/\/www.ociped.com\/\" target=\"_blank\" rel=\"noopener\">www.ociped.com<\/a><\/p><p>The Oman Chamber of Commerce and Industry began operation in 1973. It was established to assist and encourage the private sector to set up and execute industrial, agricultural and commercial development projects. The chamber undertakes wide ranging activities both within Oman and internationally.<\/p><p>P.O. Box 1400<br \/>Postal Code 112, Ruwi<br \/>Sultanate of Oman<br \/>Tel: (00968) 24707674\/84\/94<br \/>Fax: (00968) 24708497 \/ 24704041<br \/>E-mail:\u00a0<span id=\"cloak33356\"><a href=\"mailto:occi@chamberoman.com\" target=\"_blank\" rel=\"noopener\">occi@chamberoman.com<\/a><\/span><em>This e-mail address is being protected from spambots. You need JavaScript enabled to view it\u00a0<br \/><\/em><a href=\"http:\/\/www.chamberoman.com\/\" target=\"_blank\" rel=\"noopener\">www.chamberoman.com<\/a><\/p><p><br \/>The Ministry of National Economy is the authorized body to propose the development strategy and future trends for the national economy. It prepares the countries development plans and investment programs and is responsible to conduct studies on the regional and international trends and their impact on the national economical policy.<\/p><p>P.O. Box 881 Muscat, Postal Code 100\u00a0<br \/>Sultanate of Oman\u00a0<br \/>Tel. 968- 24698900<br \/>Fax 968 &#8211; 24698467\u00a0<br \/>E-mail:\u00a0<span id=\"cloak14844\"><a href=\"mailto:mone@omantel.net.om\" target=\"_blank\" rel=\"noopener\">mone@omantel.net.om<\/a><\/span><em>This e-mail address is being protected from spambots.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bf0719 elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"6bf0719\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Oman & Turkey Business Relations<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39321fd elementor-widget elementor-widget-text-editor\" data-id=\"39321fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"accordion-group panel nn_sliders-group active\"><div id=\"tourist-attractions\" class=\"accordion-body nn_sliders-body in collapse\"><div class=\"accordion-inner panel-body\"><p>Oman is currently one of Turkey\u2019s important trading partners among the Middle East and Gulf countries.<\/p><p>In order to complete the legal framework of bilateral commercial and economic relations, Turkey and Oman signed a number of agreements, including\u00a0<a href=\"http:\/\/www.resmigazete.gov.tr\/eskiler\/2011\/07\/20110705m1.htm\" target=\"_blank\" rel=\"noopener\">Agreement on Trade Exchange and Economic Technical, Scientific and Cultural Cooperation<\/a>\u00a0(2004), Bilateral Investment Promotion and Protection Agreement (2007), and\u00a0<a href=\"http:\/\/ua.mfa.gov.tr\/files.ashx?7299\" target=\"_blank\" rel=\"noopener\">Double Taxation Prevention Agreement<\/a>(2006).<\/p><p>The Turkish-Omani Joint Committee (JC), established in accordance with the &#8220;Agreement on Trade Exchange and Economic, Technical and Scientific Cooperation between the Republic of Turkey and the Sultanate of Oman&#8221; signed on January 13, 2004.<\/p><p>Turkish-Oman Business Council was founded by Foreign Relations Board of Turkey (DE\u0130K) and Oman Chambers of Commerce and Industry in 2006, in order to develop and enhance bilateral economic cooperation between both countries\u2019 business circles.<\/p><p><strong>Exports<\/strong><\/p><p>Oman was Turkey\u2019s 70th largest goods export market in 2012.<\/p><p>Turkish goods exports to Oman in 2012 were 268 million $, up 25% (214 million $) from 2011.<\/p><p>The top export categories (2-digit SITC) for 2012 were: iron and steel (65.9 million $); manufactured metal products (57.7 million $), petroleum, petroleum products and related materials; electrical machinery (18.2 million $), textile products (8.1 million $).<\/p><p><strong>Imports<\/strong><\/p><p>Oman was Turkey\u2019s 106th largest supplier of goods imports in 2012.<\/p><p>Turkish goods imports from Oman totaled 52.8 million $ in 2012, down 6,6 % (56.5 million $) from 2011.<\/p><p>The top 5 imports categories (2-digit SITC) for 2012 were: plastic products (23.6 million $), organic chemicals (17.9 million $), non-ferrous metals (4.6 million $), plastics in non-primary forms (2.5 million $), leather products (1.4 million $).<\/p><p><strong>Trade Balance<\/strong><\/p><p>The trade surplus of goods with Oman was 215.7 million $ in 2012, a 36,5 % increase (158 million $) over 2011.<\/p><p><strong>Contracting and Consultancy Services<\/strong><\/p><p>Oman is a significant market for Turkish contractors. Turkish firms held and are holding 44 projects in Oman with a total value of 5.5 billion dollars up until 2013 May.<\/p><p>Update Date: July\/2013\u00a0<\/p><p><a href=\"http:\/\/www.musavirlikler.gov.tr\/index.cfm?dil=EN&amp;ulke=UM\" target=\"_blank\" rel=\"noopener\">Office of Commercial Counsellor, Turkish Embassy in Muscat<\/a>\u00a0\u00a0<\/p><p><strong>How to do Business in Turkey ?<\/strong><\/p><p>Content Summary: &#8220;<strong>Investors\u2019 guide Turkey: How to do business&#8221;<\/strong>\u00a0provides potential and existing investors with an overview of what is possible when structuring an investment in Turkey and which factors must be considered when deciding whether to acquire an existing Turkish company. The information covered is not exhaustive and unless otherwise indicated, is based on the relevant legislation and conditions existing at February 2009.\u00a0<\/p><p><br \/>This guide, prepared by Deloitte Turkey in cooperation with the Foreign Economic Relations Board of Turkey (\u201cDEIK\u201d), aims to contribute to the development of Turkey\u2019s economic, commercial, industrial and financial relations with foreign countries as well as international business organizations and communities by providing foreign investors with a concise tax and business guide to help them with their investment decisions.\u00a0<\/p><p><br \/>Date: \u00a0 April 2009<br \/>Author: Deloitte \/ DEIK<br \/>Length: 100 pages\u00a0<br \/>Format: Adobe Acrobat (*.pdf)\u00a0<a href=\"http:\/\/www.turkey-now.org\/db\/Docs\/How_to_Do_Business_in_Turkey_TR.pdf\" target=\"_blank\" rel=\"noopener\">http:\/\/www.turkey-now.org\/db\/Docs\/How_to_Do_Business_in_Turkey_TR.pdf<\/a><\/p><p><strong>For all questions Regarding \u00a0\u201c<\/strong><strong>Doing Buiness in TURKEY\u201dcontact the;<\/strong><\/p><p><strong>EMBASSY OF THE REPUBLIC OF TURKEY<\/strong><\/p><p><strong>OFFICE OF THE COMMERCIAL COUNSELOR\u00a0<\/strong><\/p><p><a href=\"http:\/\/www.musavirlikler.gov.tr\/index.cfm?dil=EN&amp;ulke=UM\" target=\"_blank\" rel=\"noopener\">http:\/\/www.musavirlikler.gov.tr\/index.cfm?dil=EN&amp;ulke=UM<\/a><\/p><p><strong>Mailing Address:<\/strong><\/p><p>P.O. Box. 3408, P.C. 111, Central Post Office, Muscat, Sultanate of Oman<\/p><p><strong>Tel :\u00a0<\/strong><a href=\"tel:%28%2B968%29%2024%20595%20544\" target=\"_blank\" rel=\"noopener\">(+968) 24 595 544<\/a>\u00a0\/ 24 595 502\u00a0<\/p><p><strong>Fax:\u00a0<\/strong><a href=\"tel:%28%2B968%29%2024%20590%20055\" target=\"_blank\" rel=\"noopener\">(+968) 24 590 055<\/a><\/p><p><strong>Contact Us:<\/strong><\/p><p>Homepage\u00a0\u00a0<a title=\"blocked::&lt;a href=\" href=\"http:\/\/www.musavirlikler.gov.tr\/detay.cfm?AlanID=30&amp;dil=EN&amp;ulke=UM\">http:\/\/www.musavirlikler.gov.tr\/detay.cfm?AlanID=30&amp;dil=EN&amp;ulke=UM<\/a><\/p><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Doing Business in Oman Fast Economic Facts GDP (2012): US$ 72 Billion Real GDP Growth Rate: 4.4% Economic Sectors share in GDP: -Services: 47,2%-Industry: 51,3%-Agriculture: 1,5% GDP per-capita PPP: US$ 26.272 Inflation: 3,8 Percent Fast Trade Facts Total exports (2011): US$ 43,53 Billion Major Exports: Oil and Gas, re exports, animals and animal products,chemical products, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1280","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - 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