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Countries

Oman


Oman, one of the oldest settlements in the history of humanity, attracts tourists with its rich history and foreign investors with low-income tax and no restrictions on capital and profit transfer. The capital of Oman is Muscat, and Oman has a total population of 4.6 million according to 2017 data. The country's currency is 309 thousand 500 square kilometers and the country's currency is Omani riyal. Arabic, Baloch languages are spoken.

Officially, the Kingdom of Oman is located in a strategic area in the Persian Gulf, south-east of the Arabian Peninsula. Oman, one of the oldest settlements in the history of mankind, was dominated by Portuguese colonies in the 15th century and Ottoman empire in the 16th century. Oman, ruled by members of the same household since the 18th century, was never a British colony, but in the 20th century the country's commitment to British political and military advisors increased. The modernization policies of Sultan Qaboos, who overthrew his father in 1970 with a military coup, took over the administration and increased his contacts with the outside world. Qaboos continues his policy of close relations with the United Kingdom and the United States and is committed to pursuing a peaceful foreign policy with his neighbours. Oman, one of the founding members of the Gulf Cooperation Council, became a member of the Arab League and the United Nations (UN) in 1971.

In Oman, whose economy is mostly based on oil and gas production, the main income comes from oil and gas like other Gulf countries. The fact that the country's income tax is as low as 12 percent and that there is no restriction on capital and profit transfer makes Oman more attractive for foreign investors than other Gulf countries.

China, the United Arab Emirates, South Korea, Japan, and India are the main trading partners of Oman with a gross domestic product of approximately 72 billion dollars.



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