Our valued sponsor

Oman Is the Most Affordable Tax-Free Country to Relocate to in 2024?

Register now
You must login or register to view hidden content on this page.
Granted that Oman has a bit better Democracy Index than UAE, the issue with dictatorships in general is the law and rules unreliability. It appears that anything can change faster than anywhere in this part of the world.

...

For one who looks for long term stability maybe rather look for a country not strictly ruled by a single supreme leader.
Is this true though? Where is the proof? I think those things correlate weakly. I present covid restrictions as exhibit #1.

And please differentiate between dictatorships and totalitarian states.

I think the future might be bright for dictatorships that allow for people to freely move in and out. That is going back to the city states of Italy.
 
I think Pitcairn is cheaper.

Yes Oman is tax free and under the radar. But most often, there are reasons for this. And those are in almost all cases the same:

1. Lack of entertainment with alcohol. Hipsters need to be able to show it on Instagram. Otherwise how would you know about it. A place that is tax free and good for family life will never get the attention of Dubai. Parents are happy and enjoy quality time with the family. They are not showing if online.

2. It takes more time to get in and out. Like no direct flights or only few.

If you are in no need for high class restaurants and pubs, it is good. It you are single and need butchers, you may be better off in Amsterdam.
 
  • Like
Reactions: khinkali
Agreed.
In my opinion, the least worse solution is currently all the mismanaged corrupted countries that won't bother a relatively wealthy foreigner keeping low profile.
Yes, exactly this. Such countries are surprisingly more stable for long term planning also. You dont have to worry about them introducing personal income tax, or messing with the corporate tax or something, because they dont bother with foreigners keeping a low profile anyway, especially if the foreigner's income is from outside the country.
There is typically no such thing as a personal tax return in these countries, as it doesnt make sense when a significant proportion of the population is illiterate. And addresses arent clear, generally streets have no names or numbers, and the government doent have much registers to keep track of people. And a large chunk of tax income comes from import and export duties, so as long as you dont have to bring goods in or out of the country you are good.
 
  • Like
Reactions: Martin Everson
Yes, exactly this. Such countries are surprisingly more stable for long term planning also. You dont have to worry about them introducing personal income tax, or messing with the corporate tax or something, because they dont bother with foreigners keeping a low profile anyway, especially if the foreigner's income is from outside the country.
There is typically no such thing as a personal tax return in these countries, as it doesnt make sense when a significant proportion of the population is illiterate. And addresses arent clear, generally streets have no names or numbers, and the government doent have much registers to keep track of people. And a large chunk of tax income comes from import and export duties, so as long as you dont have to bring goods in or out of the country you are good.
Which ones would you personally recommend?
 
I like Sub-Saharan Africa, except South Africa. Lots of chaotic mismanaged countries that leave foreigners alone. DM for more details!

And to stay on topic, Offshore Citizen did a video about Oman a while back:

Basically saying that it is an underrated zero income tax country, that has the features that some people complain about for Dubai: nature and culture. Still Oman has 15% corp tax with no allowance before it kicks in, and corp tax applies on foreign companies with PE in Oman. Also dividends from foreign companies are taxed, so it's not a great place for a holding company.
 
Last edited:
I was there briefly in 2019. Sultan Qaboos was still alive then. I believe his cousin is running the place now. It’s rule by one man for all that might imply for policy stability. You don’t even have a federal council like the UAE. That said, policy has seemed fairly stable.

The fines for insufficiently washed cars were a thing back then. It was approximately $10 USD. There is also a regulation about each house having a wooden screen of certain dimensions built around its air conditioning unit.

Internet is restricted. For social media, WhatsApp works but Line is blocked. Pornographic websites are supposedly blocked, though I didn’t try them myself. Omani customs will sometimes seize and search removable media for pornography. They don’t particularly like it if you forget you have a copy of a Salman Rushdie novel in your bag.

The currency was very strong and prices were lower than Dubai but still expensive compared to most other places. Everything outside of the hypermarkets and western chains seems to be negotiable. It reminded me of Dubai of about 20 years ago in how things are starting to develop.

Everything shuts down every day between noon and 4pm or so. They import a lot of Indians for labor. Most of the taxi drivers are locals. There is an effort to generate more employment for locals, albeit in white collar and more prestigious jobs. Everyone speaks English. Often gulf arabs will speak English to each other, presumably to get around dialect differences, so it’s not uncommon to walk through one of the malls and pass by a group of arabs speaking English to each other.

Qatar has flights to Muscat from Doha. Muscat is not an airport hub. Like most of the GCC, you’ll be catching flights out at 2 am to go to one of the UAE airport hubs. Taxis are the usual fare for the GCC and there is a bus network called the Baisa bus. I did not try ridesharing there.

There were at the time only four places that served alcohol in all of Muscat and they were all hotel bars. The Grand Millennium doesn’t have one to my knowledge but the Hilton next door has a rooftop bar. Oman attracts a certain type of adventure travel hipster who likes to rent 4x4s and drive through the desert. They generally smell horrible.

I didn’t stay long enough to investigate tax residency or the environment for offshore business and so am reliant on the internet or second hand reporting there. It seems like a solid real estate investment if that’s your thing. Oil and gas services hold opportunity but operations are all partnered with PDO and they prefer big companies like Occidental. Gold, silver, perfumes, and incense are plentiful and can probably be obtained reasonably if you want to get into exporting. The Muscat stock exchange is small and had only about one hundred listed companies at the time. I’d be hesitant about running any crypto operation from there due to the internet restrictions, though that might not be a problem.
 
The most of people just believe that actual situation without personal income tax will last forever.

There is absolutely no reason to reside in Oman for tax reason nor level of freedom.
Well, UAE is also 0% PIT, so why would anyone choose Oman over the UAE?
 
Guys can we stick to Oman and not UAE. Off topic posts will get zapped. If you want to start a thread on UAE feel free to do so
thu&¤#.
 
  • Like
Reactions: JimBeam
Register now
You must login or register to view hidden content on this page.