MUSCAT: In a bid to attract investments, the Public Authority for Special Economic Zones and Free Zones (OPAZ) has considerably reduced the commercial registration fees for Small and Medium Enterprises (SMEs).
In a statement issued, OPAZ said the value of the registration fees allocated to SMEs for opening a new company has been amended to be between OMR 30 to OMR 40, while the fees for opening a branch for a local company has been reduced from OMR 1,000 to OMR 12.
Dr. Said bin Khalifa Al Turashi, In- Charge of Managing Operation of Commercial Registration and Business Services Department of OPAZ, explained that OPAZ aims to facilitate the business and investment environment and to support SMEs, or emerging enterprises operating within the zone.
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He added that OPAZ continues to provide facilities and incentives for entrepreneurs in SMEs, including a 50% reduction in fees for all services provided by OPAZ, in order to create a stimulating investment environment for entrepreneurs and to enhance their opportunities to benefit from the economic growth in the economic and free zones, adding that this incentive will encourage entrepreneurs to expand their works, create different projects in line with the requirements of Megaprojects and the continuous growth in the zone.
