Oman has recently signed an agreement with Bahrain that aims to simplify cross-border trade by eliminating the issue of double taxation and curbing tax evasion. The deal, which was approved under Royal Decree No. 62 of 2025 by Sultan Haitham bin Tarek, marks an important step towards strengthening economic relations between the two nations.
The agreement seeks to remove the challenges posed by overlapping tax responsibilities, making it easier for businesses to operate across both countries. By doing so, it is expected to attract more investment and promote long-term growth in the Gulf region. This pact also enhances financial oversight and offers businesses greater clarity when operating in both Oman and Bahrain.
The move reflects the commitment of both nations to foster a more transparent and cooperative economic environment, opening up new possibilities for collaboration and investment in the region.
Additionally, Oman has introduced a new Golden Visa program, which could provide even more opportunities for foreign investors. Be sure to check out the details to see how you can benefit from this exciting new initiative!
