Freezones (FZC) have emerged as strong pillars of Oman’s economic performance. From attracting foreign investment to creating employment and implementing the latest technologies, these have laid the ground for a future where business transcends geographical borders and economic divisions. Today, Freezones are developing as engines of economic diversification that ensures sustainability of the investment process.
Corporate Parks FZC, located in SOHAR Port & Freezone is the quintessential platform that companies can leverage to connect their businesses globally, across Asia, Middle East & Africa.
Launched in early 2018, Corporate Parks offers more than just versatile office spaces at a competitive price range in a strategic location. It provides businesses with an environment that is warm, welcoming and nurturing and facilitates growth.
Why Choose Corporate Parks FZC?
Corporate Parks value-added features include (but are not limited to):
- All Sohar Freezone benefits
- Flexible Office Floor Area from 20 sq.m. to 1600 sq.m.
- Average Rental Tariff for a Small Office @ OMR 170 per month
- Complete support for Facility / Property Management
The recently inaugurated Phase 1 building is the first of the four Business Centres planned by Corporate Parks FZC in SOHAR Freezone. The building is a ground plus four storey structure, accommodating over 200 offices; already garnering an encouraging trend in investor interest. Six months since its inception, Corporate Parks has witnessed almost 40% occupancy.
The Phase 1 building provides several amenities to customers, such as a fully furnished Central Reception, Customer Lounge, Conference Room, Prayer Rooms, Toilets, Integrated IT/telecom coverage & Pantry.
Also, in the pipeline are added facilities like a Cafeteria, Restaurant, Bank ATM / CDM, Utility Store to add to customer convenience. The total number of offices upon completion of all four Phases is forecasted to be over 800.
Leverage on Sohar Port and Freezone
SOHAR Port & Freezone has become a pivotal part of the logistics sector in the Sultanate and a major import and export hub for both Oman and the regional countries. The port itself is a success story, with regard to several aspects.
SOHAR Port & Freezone have been ranked as one of the fastest-growing port and free zones in the world, with investments exceeding OMR 10 billion. With its strategic geographical advantage, providing access to global markets with an outreach of over 2.20 billion across Africa, Asia & Middle East, SOHAR Port & Freezone has and will continue to play a vital role in the national Logistics Strategy 2040 and Oman’s economy. Oman’s Free Trade Agreement (FTA) with USA and Singapore is an added privilege for investment to flourish in SOHAR Port & Freezone.
For companies setting up business in SOHAR Port & Freezone, incentives include:
- 100% foreign ownership
- No minimum Capital requirement
- 0% import or re-export duties
- 0% Personal Income Tax
- ONE-STOP-SHOP for all relevant clearances
- Corporate Tax Holiday of up to 25 years
- 85% overseas workforce allowed
With a strategically located business in Corporate Parks FZC, investors can now expand and reach out to important markets and reinforce relationships with across the globe.
Express your interest today. Contact: Mr. Reetabrata Bhattacharya +968 91387790; e-mail: r.bhattacharya@osco.com.om
