Oman is New Zealand’s fourth largest export market to the Gulf States. Leading exports include milk and cream. It has a population of 3.3 million including more than 500,000 non-nationals.
The economy is highly dependent on the country’s dwindling oil resources. The government is diversifying the economy and is seeking foreign investment, especially in information technology, tourism and higher education.
Common entry points
Muscat is the capital and largest city in Oman. Its economy is dominated by trade.
Mina Sultan Qaboos, Muscat's main port, is a trading hub between the Persian Gulf, the Indian subcontinent and the Far East.
Getting your product into market
Exports exempt from customs duties include live animals, fresh fruits, vegetables and seafood.
Tax
All income realised or arising in Oman is subject to income tax. There is no withholding tax on dividends.
There are no personal taxes, but employees pay social security contributions.
Opportunities
- Oman is actively seeking investment in areas such information technology, tourism and higher education
- Food exports, such as dairy products and fresh and processed fruits and vegetables, offer export opportunities.
Cultural and business tips
- Business is conducted on traditional Arab lines
- Muslim hosts may break off discussions for prayer at noon
- English is widely spoken by businesspeople.
