Al Mazunah Free Zone Company Registration

Eligibility Criteria for Al Mazunah Free Zone Business Setup

The applicant entities must comply with the following eligibility criteria needed for Al Mazunah Free Zone business setup:

• At least 1 shareholder and 2 members are required
• No fixed paid-up capital deposit is required
• Must ensure the carrying out of the approved free zone activities
• Must secure an office space, warehouse, or land as per your industry
• Prepare a proper business plan with financial projections and structure
• Ensure compliance with local regulations, including potential environmental approval

Process to Apply for Al Mazunah Free Zone License Registration

The step-by-step process to apply for the Al Mazunah Free Zone license registration is provided below:

• Step 1: Determine Type of Business Activity – The first step requires the applicant to determine the type of business activity best suited for the business structure required for Al Mazunah Free Zone license registration.
• Step 2: Obtain Business Name Approval – In the next step, the applicants must obtain business name approval that best suits their business activity and compliance with Oman's naming regulations.
• Step 3: Prepare Documentation – The next step requires the applicant to prepare the necessary documentation, including a business plan, a shareholding agreement, and a board resolution for the registration of the Al Mazunah Free Zone company.
• Step 4: Lease an Office Space – In the next step, the applicants must select and lease a suitable facility, including a small private office, co-working space, warehouse, or industrial land.
• Step 5: File Online Application – In the next step, the applicants must file an online application form along with the necessary documents with the Al Mazunah Free Zone authorities.
• Step 6: Application Review by OPAZ – After filing the online application, the Public Authority for Special Economic Zones and Free Zones (OPAZ) must be evaluated to obtain necessary approval (if required).
• Step 7: Grant of Certificate of Incorporation – Once all applications are evaluated, the authorities grant the certificate of incorporation, allowing entities to begin their operations in the Al Mazunah Free Zone.
• Step 7: Bank Account Opening with AD – Open a bank account with the authorized dealer bank to manage remittances for operational expenses such as salaries and rent.
• Step 8: Deposit Funds for Operational Cost – Transfer funds into the bank account strictly for permitted expenses like salaries and liaison office setup operations.
• Step 9: Lease a Space – Finalize a physical office setup such as shared offices, executive centers, flexi desks, or private office spaces based on your requirements.
• Step 10: Register with the ROC – File Form FC-1 within 30 days of establishing the office. Submit incorporation documents, lease agreement, RBI/AD approval, bank details, and PAN.
• Step 11: TAN Setup – Apply for TAN if required for making payments such as salaries or professional fees to ensure proper tax compliance.

Corpbiz’s Services for Al Mazunah Free Zone Foreign Investor Registration

• Business Setup & Operation Management – Connect us to ensure the setup and operational management of business operations, including documentation, trade name registration, administrative, and regulatory compliance.
• 24-Hour Documentation Support – Get 24-hour documentation support and regulatory compliance expert assistance around the clock.
• Bank Account Opening Assistance – We provide expert assistance with preparing documentation and coordinating with banks for corporate bank account opening.
• Trade Name Registration Support – We guarantee end-to-end support for trade name registration, licensing, and compliance to facilitate RAX exemption and streamline the documentation process.
• Administrative & Regulatory Support – Get administrative and regulatory support to obtain licenses, maintain compliance, and handle other formalities for smooth operations.
• Audit & Reporting Services – We at Corpbiz provide support services for audit & reporting of accounting and bookkeeping records in compliance with prescribed standards.