Quite often international relations in business imply dealing with several jurisdictions. The choice of a certain jurisdiction can be influenced by tax-related issues, banks, business logistics. And quite often to do your business prosperously you need additional companies in other counties. We can offer our clients business solutions both in Europe (Cyprus, Serbia, Baltic countries, etc.), offshore jurisdictions (Seychelles, BVI, Belize, etc.) though we deeply specialize in the Middle East sector capable to bring various opportunities for businesses.
Oman
Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. The country has a long history of being a trade a transportation hub, connecting Asia, Africa and Europe. Oman is known for its neutral stance in regional conflicts, contributing to a stable and peaceful environment for businesses. The sultan’s long-term development strategy, Oman Vision 2040, emphasises industrialisation, privatisation and Omanisation.
Oman’s natural beauty and historical sites make it an emerging tourist destination. This presents opportunities for businesses in the hospitality and tourism sectors. The Omani government offers various investment incentives to attract foreign direct investment (FDI), including tax breaks, reduced customs duties, and other benefits to encourage investment in specific sectors. Oman has adopted liberal trade policies, fostering an open and competitive market. The country is a member of the Gulf Cooperation Council (GCC) and has signed various trade agreements to enhance economic cooperation.
There are 3 free zones (Salalah FZ, Sohar FZ and Al Mazunah FZ) and 2 special economic zones (Duqm SEZ and Knowledge Oasis Muscat) in Oman. They offer specific benefits to businesses, including full foreign ownership, tax exemptions, and streamlined regulatory processes.
Qatar
Qatar has been ranked the safest country and one of the fastest growing economies in the world. It’s a member of the Gulf Cooperation Council (GCC). In line with the country’s National Vision 2030 the Qatari government is committed to economic diversification, with initiatives to reduce dependence on oil and gas. This creates opportunities for businesses in various sectors.
Qatar has adopted liberal trade policies, promoting an open market and facilitating international trade. The country has signed several trade agreements to enhance economic cooperation with other nations. Qatar has established free zones, such as the Qatar Science & Technology Park and the Qatar Financial Centre, which offer specific benefits to Qatar companies operating within these zones, including simplified regulations and full foreign ownership.
The Qatari government has taken steps to streamline administrative processes and improve the ease of doing business. This includes efforts to reduce bureaucracy and enhance efficiency in business-related procedures.
Bahrain
Bahrain’s strategic location in the Gulf region makes it a gateway to the Middle East, offering businesses easy access to neighbouring markets. The country is known for its business-friendly environment, with a regulatory framework that facilitates company registration and encourages investment. It maintains political stability, which is crucial for businesses seeking a secure and predictable operating environment. Bahrain is a member of the Gulf Cooperation Council (GCC), promoting regional economic integration and cooperation.
Bahrain has a diversified economy, with sectors such as finance, manufacturing, logistics, and services. This diversification provides business opportunities across various industries. It’s a major financial hub in the region, with a well-established banking and financial services sector. The presence of institutions such as the Bahrain Financial Harbour and the Bahrain International Investment Park makes it an attractive destination for financial businesses. The kingdom offers favourable tax environment. While corporate income tax is levied on oil companies, most businesses enjoy no corporate income tax, making it an attractive destination for tax-efficient operations. Bahrain has entered into various free trade agreements, facilitating international trade and providing businesses with preferential access to key markets.
If you want to start your business in the UAE or any other jurisdiction, please contact Smart Advisors Group experts!
