Fortunes Business -
Your trusted partner in Oman

Choosing the UAE or Oman to establish your business has undeniable advantages, including a strategic geographical location that serves as a gateway to markets in Africa, Asia and the Middle East. Both regions are characterized by sound economic policies, investor-friendly environments and advanced infrastructure, making them ideal for companies seeking global expansion. UAE offers a dynamic business environment with tax incentives, world-class amenities and a multinational workforce. Oman, on the other hand, is known for its efforts to diversify its economy, competitive free zones and growing sectors such as tourism and logistics. Together, these features provide fertile ground for companies seeking to succeed in a competitive global arena.

Yes, foreign nationals can own businesses, with the UAE offering 100% foreign ownership in many sectors, and Oman offering opportunities through Free Zones and specific mainland setups.

The time frame for setting up a business in the UAE  and Oman can vary depending on the business structure, the specific requirements of the chosen jurisdiction, and how quickly the necessary documentation and approvals can be obtained. In the UAE, the introduction of integrated eServices like Bashr has significantly streamlined the company setup process, allowing for businesses to be established online within 15 minutes in some cases. However, the overall process, including obtaining all necessary licenses and permits, can take several weeks to a few months​​​​.

In Oman, the process can also vary widely based on the type of business and its location (mainland vs. free zone). Generally, setting up a business in Oman can take anywhere from a few weeks to a couple of months, depending on the complexity of the business activities and the speed of government approvals. Collaboration with local experts or consultancy services can streamline this process.

Both regions offer tax advantages such as no personal income taxes and corporate tax exemptions, with specific benefits varying between Free Zones and mainland areas.

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Yes, certain industries and sectors particularly benefit from setting up in the UAE or Oman due to the regions' strategic locations, economic policies, and sector-specific incentives. In the UAE, sectors such as tourism, aviation, technology, renewable energy, and finance thrive due to the country's robust infrastructure and business-friendly environment. The UAE's focus on becoming a global hub for innovation also offers significant advantages for startups and tech companies.

Oman, with its focus on diversification away from oil and gas, offers opportunities in tourism, manufacturing, logistics, mining, and fisheries. The country's strategic location on the Arabian Peninsula makes it an ideal hub for businesses looking to access markets in the Middle East, Africa, and Asia. Oman's free zones, like those in the Emirates, provide additional incentives for businesses in logistics, manufacturing, and export-oriented industries.