The General Trade License, available at SOHAR Freezone, allows companies to conduct trading activities without a land lease, and still benefit from Freezone incentives. For this purpose a Freezone company can be set-up, even with 100% foreign ownership. All the relevant information on the nature of the activities and investors’ backgrounds must be filled in the application form, as per the request from SOHAR Freezone. Upon completion and approval of the form, a General Trade License will be issued.
The process to apply as a GTL holder is as follows:
All information provided by a new client will be treated as confidential and, without prior consent, will not be disclosed to third parties, other than the Government and the due diligence agency.
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