Freezones Salalah Freezone
Type
Questions and Answers
Date
22 Jun 2023
Source
Freezones Practical Guidance
Jurisdiction
Salalah Freezone
Taxonomy
Freezone General, Companies & Corporate Bodies, General Company Law & Business Entities, General Commercial Law
What law established this free zone?>>🔗
The Sultan of Oman promulgated Oman Sultani Decree No. 62/2006 (the Decree) to establish the Salalah Freezone (SFZ). The Decree was issued on 20 June 2006. SFZ is a categorically carved out zone which is governed by commercially friendly laws to promote foreign investment and the development of the company.
Oman Sultani Decree No. 56/2002 consents to establishing free trade zones in Oman and the SFZ was established under the Decree.
What are the main internal regulations governing this free zone?>>🔗
The SFZ Company SAOC is the sole operator for the free zone which is owned 100% by the Government. The regulations governing the SFZ are:
Oman Sultani Decree No. 101/1996, the Basic Statute of the State.
The Commercial Register Law (Oman Sultani Decree No. 3/1974 as amended by Oman Sultani Decree No. 88/1986).