Oman launches IFC Oman financial free zone with 0% corporate tax for 15 years

On 1 November 2026, the Sultanate of Oman launched the International Finance Centre (IFC Oman), a new legal and regulatory gateway designed to attract foreign investment into Oman and the wider GCC region. IFC Oman is established as a financial free zone under the new IFC Oman Law, offering an English-language common law jurisdiction within Oman. The IFC Oman Courts and the IFC Oman Regulatory Authority oversee the regime, with the court system modeled on the English common law system. Key features include a corporate tax rate of 0% for IFC Oman entities for an initial 15-year period, no withholding tax on dividends, interest, and royalties, no restrictions on foreign ownership or currency controls, and a modern English-language legal system with a dedicated court and arbitration centre. The substantive law of IFC Oman is based on English common law and the IFC Oman Law.