Freezone
Sohar
Hutchison Ports Sohar is poised to reap significant benefits from the SOHAR Freezone, which is adjacent to the Port of Sohar. The Freezone has attracted substantial investments over the past few years. The 4,500-hectare zone is managed by Sohar Industrial Port Company (SIPC).
Investments in SOHAR Freezone relate to logistic downstream industries, value-added processing activities, and assembly of advanced products – all of which has a positive impact on business volumes for Hutchison Ports Sohar.
Like Port of Sohar, which has successfully committed almost all of its available acreage to industrial investors, SOHAR Freezone has much international investor appeal. Investors enjoy numerous tax benefits and competitive land lease rates, and have access to world-class logistics services. For its part, SOHAR Port and Freezone is committed to creating a desirable business and living environment for investors.
SOHAR Port and Freezone offers a combination of incentives for investors to set up and operate their projects easily and flexibly, in an environment where businesses can flourish and prosper.
Key Strengths / Features
- 100% foreign ownership allowed
- Corporate tax holiday of up to 25 years provided
- One-stop for all relevant clearance
- 0% import or re-export duties
- 0% personal income tax
- Low capital requirements
- Relaxed local labor requirements
reportingportal
Customer
Service
cs@hutchisonportssohar.com
Service
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Tel: (+968) 26865619cs@hutchisonportssohar.com
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