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Posted by The Free Zone

Investor scams happen everywhere round the world, but the absence of a State Tax Authority provides excellent breeding ground for fraud such as a kickback scheme. Here’s an example of a recent 2012 kickback scam in tax free Dubai – UAE, leading to a brand new but technically bankrupt company.
 

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Posted by The Free Zone

Dubai faces it’s first economic downturn in it’s history. After years of explosive growth in a tax free system, most business in the UAE have to cut back to cope with diminishing returns. But a Tax Free business environment can have serious side effects – effective austerity measures require accurate balance sheets. Who cares about good book keeping when there’s no State Tax Department demanding accurate financial figures? Wait till business starts to decline. Have a look.
 

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Posted by The Free Zone

The Salalah Free Trade Zone has announced to join forces with Oman Air and Salalah Port to make the strategic seaport a success for foreign investors and the Sultanate if Oman.
 

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Posted by The Free Zone

The Free Trade Zone Company concept is fairly new in the Sultanate of Oman, starting of in 2002 by royal decree. Currently there are 4 free trade zone’s in Oman, with one operating in the Muscat area. For those looking to setup a Free Trade Zone company in the Muscat region, have a look at the Muscat Free Trade Zone KOM in Oman.
 

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Posted by The Free Zone

The first Oman - Saudi land border station is expected to be opened in 2012. Construction is stepped up by the Saudi government in 2010 to complete the 592 Km road crossing a part of the Empty Quarter, one of the largest deserts in the world. A few details about this new border.

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Posted by The Free Zone

Oman has several Free Trade Zone's all developed quite recently. Among other advantages establishing a company in a Free Trade Zone allows 100% foreign ownership. An impression of active and developing Free Zone's in the Sultanate of Oman.

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Posted by The Free Zone

In about 10 years from now the Oman capital Muscat bids to become a global metropole. Muscat Municipality has launched a mega project at 24 locations, showcased in the Majestic Muscat exhibition. An impression of what's about to change in the streets of Muscat.
 

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Posted by The Free Zone

The Roads and Transport Authority (RTA) in Dubai is revving up its campaign to make motorists aware of the hazards of not registering their vehicles in time. The authority has offered several new incentives as well as convenient processes to make re-registration hassle-free for motorists.

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Posted by The Free Zone

The $12 billion trade between the UAE and Iran is under threat due to pressure from the US and Abu Dhabi, over sanctions against Iran concerning its nuclear program.

Dubai’s authorities are starting to crack down on Iran’s ability to bypass sanctions. The days of the lax customs regulation at Dubai Creek – where there are no X-ray machines to monitor shipments – could be numbered.

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Posted by The Free Zone

Now, with the new Oman visa policy in place for several months, home sales have picked up and prices have stabilized in three of the country’s largest developments: Muscat Hills, The Wave and Shangri-La Barr al Jissah. Expatriate homeowners in special zones can now obtain two-year renewable visas.
 

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