Oman published Royal Decree 38/2025, on 7 April 2025, establishing the Law of Special Economic Zones and Free Zones, effective as of 14 April 2025.The new law introduces a 10-year income tax exemption for qualifying enterprises, renewable for two similar periods for activities of a special nature, while streamlining the processes for approvals, permits and licensing.The new law aims to promote economic diversification, strengthen private sector development, attract foreign investment and enhance governance.Businesses that are established or are planning to become established in Oman should assess the impact of the new law on their existing operations or plans. Executive summaryOn 7...