‘Excellent Companies’ Initiative Boosts Job Creation, Export Growth, and Business Expansion in Oman

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• أغسطس 31, 2025أغسطس 31, 2025
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صلالة: Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has introduced the “Excellent Companies” initiative in collaboration with the Tax Authority and the Ministry of Labour. This programme aims to support high-performing firms through incentives that enhance productivity, value addition, and regional expansion.

The initiative focuses on three key objectives: growth, diversification, and employment. It is designed to help Omani companies compete on a global scale, highlight successful local enterprises, and guide small and medium-sized enterprises (SMEs) along a structured path of capability development.

Eligibility Criteria

To qualify as an “Excellent Company,” firms must be registered in Oman under the Commercial Companies Law (Royal Decree 18/2019). Eligible companies should contribute directly to national priorities by employing Omani talent and implementing international standards and modern technologies to ensure quality and sustainability.

Basic requirements include:

• Registration and active operation in Oman with a physical office
• Compliance with national laws and regulations
• Employment of at least one Omani national
• Fulfillment of at least three evaluation criteria

Assessment Process

The evaluation occurs in two phases. The initial phase considers five main criteria: company age, market presence/branch network, export activity, workforce size and Omanisation level, and revenue figures. The second phase incorporates additional factors such as digital transformation, local content, and environmental, social, and governance (ESG) standards.

Data verification is conducted through government sources: company registry (age and branches), Customs (exports), Ministry of Labour (workforce and Omanisation), and the Tax Authority (audited annual revenues). Each company receives a composite score that determines its growth stage and incentive category.

Growth Stages

• Start-up/Emerging: Revenues between OMR 100,000 and 500,000; 10–50 employees; approximately 10% Omanisation; 1–5 branches; operational for 5–10 years.
• Mature: Revenues from OMR 500,000 to 3 million; 51–200 employees; about 20% Omanisation; 6–20 branches; 11–25 years in operation.
• Sustainable/Advanced: Revenues exceeding OMR 3 million; more than 200 employees; roughly 35% Omanisation; 21 or more branches; in operation for over 26 years.

Companies are further categorized into Category A, B, or C based on total points scored.

Benefits for Participating Companies

• Preferential: Invitations to peer roundtables; direct support for market expansion through embassies; priority branding at trade fairs and official delegations; designation of corporate representatives as Business Ambassadors; and talent development programmes such as “Kafa’at.”

• Administrative: Access to direct channels with key decision-makers; dedicated account managers to streamline inter-agency procedures; expedited licensing through the “Invest in Oman” hall; and facilitation of relevant policy and regulatory matters.

• Operational: Customs facilitation; export support for Omani products in regional markets; regular ministerial field visits; encouragement of cluster formations and mergers; and accelerated processing of tax refunds.

This initiative underscores Oman’s commitment to fostering a competitive, diversified economy driven by capable Omani enterprises.

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Oman’s "Excellent Companies" initiative creates فرص كبيرة for businesses by providing targeted incentives that enhance productivity, regional expansion, and global competitiveness. For smart investors and entrepreneurs, this means prioritizing Omanisation, digital transformation, and ESG compliance to qualify for benefits that streamline market entry, regulatory navigation, and export facilitation. The program signals a strategic push towards diversified growth and sustainable development, making early alignment with national priorities critical for capturing long-term value in Oman’s evolving market landscape.